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Gold & Silver Ore Mining in Connecticut

Author.Name IBISWorld United States Last Updated: August 2025 NAICS CT21222

Gold & Silver Ore Mining in Connecticut industry analysis

The Gold & Silver Ore Mining industry in Connecticut is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments stagnated an annualized x% to x locations. Industry employment has increased an annualized x.x% to xx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to decline an annualized -x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to stagnate x% to x locations. Industry employment is expected to increase an annualized x.x% to xx workers, while industry wages are forecast to increase x% to $x.x million.

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

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

Definition of the Gold & Silver Ore Mining in Connecticut?

Operators in this industry mine gold and silver-bearing ores. Mining activities include the development of mine sites and the on-site processing of ore into a concentrate or bullion. Companies typically retain ownership of the semiprocessed gold or silver products and pay for further refining on a toll-charge basis. The refining process is included as part of the Nonferrous Metal Refining industry (IBISWorld report 33141).

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

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

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

Benchmark the Gold & Silver Ore Mining in Connecticut industry performance with all CT county and national performance.

Gold & Silver Ore Mining in Connecticut

#21 in Highest Revenue 0% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Gold & Silver Ore Mining in the US


Revenue (2024)
Annual Growth (2019-24)
Annual Growth (2024-29)

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

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

See how key industry drivers, such as population, unemployment rate, median houshold income, world price of gold, world price of silver and investor uncertainty are impacting Gold & Silver Ore Mining in Connecticut

Connecticut Economic Indicators

Population
Unemployment Rate
Median Houshold Income

View more economic information in CT State Economic profile

US Key External Drivers

World price of gold
World price of silver
Investor uncertainty

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

County Data of the Gold & Silver Ore Mining industry in Connecticut

Access proprietary data on county in the Gold & Silver Ore Mining in Connecticut, such as Fairfield County. Data includes figures on revenue, establishments, employees and wages by counties.

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

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 Connecticut in 2025?

The market size of the Gold & Silver Ore Mining industry in Connecticut is $6.2m in 2025.

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

There are 1 businesses in the Gold & Silver Ore Mining industry in Connecticut, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

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

The market size of the Gold & Silver Ore Mining industry in Connecticut has been declining at an average annual rate of -5.7% from 2020 to 2025.

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

There are 17 employees in the Gold & Silver Ore Mining industry in Connecticut, which has been growing at an average annual rate of 1.2% from 2020 to 2025.