According to a recent research report titled ‘Global Gold Mining Market (2022 Edition) - Analysis By Mining Method, End-Use, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2022-2027)’ available with MarketStudyReport, global gold mining market report valued USD 197.58 billion in 2021 and predicted to attract exceptional growth through 2027.

The major factors driving global gold mining market growth are increasing disposable income, change in consumer spending patterns, growing number of high-net worth individuals, and traditional culture followed worldwide for gems and jewelry.

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Gold is obtained from mines of various sorts and scales, and it is a global enterprise with activities on every continent except Antarctica. For ages, gold has been regarded as one of the safest investments, and it remains in high demand independent of economic fluctuations or societal events. The consistently high demand for gold guarantees that the material retains its value and is easy to sell when needed, thus propelling the overall market forward.

The global gold mining marketplace is segmented on the basis of mining methods, end-user landscape, and regional analysis. By mining methods, the industry is split into placer mining and hard rock mining segments. The end-user terrain of this business space is categorized into technology, jewelry, central banks, and investments.

In terms of regional analysis, the global gold mining marketplace spans across Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa.

The major companies defining the competitive landscape of global gold mining industry are Newmont Corp., PJSC Polyus, Newcrest Mining Ltd., Agnico Eagle Mines Ltd., Barrick Gold Corporation, Kinross Gold Corporation, Gold Fields Ltd., Harmony Gold Mining Company Ltd., Anglogold Ashanti, and Yamana Gold.