Portland, OR -- (SBWire) -- 09/01/2017 --Increase in demand for gold and increase in the use of gold in various industries drive the growth of the gold mining market. However, the cost of mining is extremely high, which hinders the growth of the market. Development of better mining equipment is expected to provide lucrative growth opportunity for the market.
The gold mining market is segmented on the basis of mining method, end user, and geography. By mining method, the market is bifurcated into placer mining and hardrock (lode) mining. Based on end user, it is categorized into investment, jewelry, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players analyzed in this report are Barrick Gold Corporation, Newmont Mining Corporation, AngloGold Ashanti Ltd, Goldcorp Inc., Kinross Gold Corporation, Newcrest Mining Ltd, Gold Fields Ltd, Polyus Gold International Ltd, Agnico Eagle Mines Ltd, and Global Gold Mining Market.
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Gold Mining Market Key Segments:
By Mining Method
- Placer Mining
- Hardrock (Lode) Mining
By End User
- Investment
- Jewelry
- Others
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Gold Mining Market: Global Opportunity Analysis 2017-2023
Gold mining is a process of extracting gold from the gold mine by various methods such as placer mining and hardrock mining. Early miners extracted gold by placer mining.