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Gold & Silver Ore Mining in Nunavut

Author.Name IBISWorld Canada Last Updated: March 2025 NAICS NU21222CA

Gold & Silver Ore Mining in Nunavut industry analysis

Revenue for the Gold & Silver Ore Mining industry in Nunavut is expected to decline an annualized -x% to $x.x million over the five years to 2025, while revenue for the national industry will likely decline at -x.x% during the same period. The number of industry establishments has decreased an annualized -x.x% to x locations over the past five years. Industry employment has increased an annualized x.x% to xxx workers during the period, while industry wages have increased an annualized x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x million, while revenue for the national industry will likely decline -x.x%. The number of industry establishments is forecast to stagnate x% to x locations over the next five years. Industry employment is expected to increase an annualized x.x% to xxx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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About the Gold & Silver Ore Mining in Nunavut Market Research Report

What’s Included in the Gold & Silver Ore Mining in Nunavut Market Research Report

Definition of the Gold & Silver Ore Mining in Nunavut?

The Gold and Silver Ore Mining industry in Canada mines and prepares ores valued primarily for their gold or silver content. Some companies process ore into concentrate or bullion on-site, while others maintain refining facilities abroad. Companies in this industry can also store and delay the sale of their output to speculate commodity price fluctuations.

What’s included in the Gold & Silver Ore Mining in Nunavut?

The Gold & Silver Ore Mining in Nunavut includes gold ore mining, silver ore mining, gold ore beneficiation and silver ore beneficiation. Related terms covered in the Gold & Silver Ore Mining in Nunavut industry report includes a very fine, powder-like product containing the valuable ore mineral from which most of the waste mineral has been eliminated, gold cast into ingots, coins or bars, typically with a purity of 99.9% gold, valued by its mass and purity, after being minted, this first stage in the purification process of the gold ore produces a cast bar (gold dore) that is about 90.0% gold and a unit of imperial measure most commonly used to gauge the weight of precious metals and defined as 0.0311034768 kg = 31.1034768 g.

Industry Performance of the Gold & Silver Ore Mining industry in Nunavut

Benchmark the Gold & Silver Ore Mining in Nunavut industry performance with all NU Census Metropolitan Area and national performance.

Gold & Silver Ore Mining in Nunavut

#8 in Highest Revenue 1.1% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Gold & Silver Ore Mining in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Gold & Silver Ore Mining industry in Nunavut

See how key industry drivers, such as gross domestic product, median houshold income, private investment in non-residential construction, world price of gold, world price of silver and consumer confidence index are impacting Gold & Silver Ore Mining in Nunavut

Nunavut Economic Indicators

Gross Domestic Product
Median Houshold Income
Private Investment in Non-Residential Construction

View more economic information in NU State Economic profile

Canada Key External Drivers

World price of gold
World price of silver
Consumer confidence index

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Gold & Silver Ore Mining industry in Nunavut

Key Statistics of the Gold & Silver Ore Mining industry in Nunavut

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Gold & Silver Ore Mining industry in Nunavut in 2025?

The market size of the Gold & Silver Ore Mining industry in Nunavut is $178.7m in 2025.

How many businesses are there in the Gold & Silver Ore Mining industry in Nunavut in 2025?

There are 3 businesses in the Gold & Silver Ore Mining industry in Nunavut, which has been declining at an average annual rate of -5.6% from 2020 to 2025.

Has the Gold & Silver Ore Mining industry in Nunavut grown or declined over the past 5 years?

The market size of the Gold & Silver Ore Mining industry in Nunavut has been declining at an average annual rate of -2.0% from 2020 to 2025.

How many employees in the Gold & Silver Ore Mining industry in Nunavut in 2025?

There are 223 employees in the Gold & Silver Ore Mining industry in Nunavut, which has been growing at an average annual rate of 2.2% from 2020 to 2025.