Industry Description
Establishments primarily engaged in mining gold ores from lode deposits or in the recovery of gold from placer deposits by any method. In addition to ore dressing methods such as crushing, grinding, gravity concentration, and froth flotation, this industry includes amalgamation, cyanidation, and the production of bullion at the mine, mill, or dredge site.
Business Examples
Common types of business activities within US SIC 1041 - Gold Ores are:
- Bullion, gold: produced at mine, mill, or dredge site
- Calaverite mining
- Lode gold mining
- Placer gold mining
- Sylvanite mining
- Telluride (gold) mining
IBISWorld Industry Research Report
Gold & Silver Ore Mining in the US (21222)
Revenue 2025
$15.3bn
Growth 2025
11.95%
Key Trends
The capital-intensive environment, historically volatile production volumes and unstable metal prices have forced many operators to exit the industry
Despite growing demand and rising prices, the industry has had trouble maintaining production
Despite overlying economic shifts, industry revenue and profit will likely continue to be heavily dependent on the output and price of gold
Products and Services
US-SIC Hierarchy 1041 - Gold Ores
US-SIC Code 1041 - Gold Ores sits in the 2-digit Gold Ores sector. US SIC codes can be 2 to 8 digits and the further along the hierarchy, the more detailed and specific the category will be.
Division: B
Division Title: Mining
2 Digits 3 Digits 4 Digits
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101 Iron Ores
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102 Copper Ores
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103 Lead and Zinc Ores
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104 Gold and Silver Ores
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106 Ferroalloy Ores, Except Vanadium
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108 Metal Mining Services
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109 Miscellaneous Metal Ores
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122 Bituminous Coal and Lignite Mining
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123 Anthracite Mining
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124 Coal Mining Services
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-
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131 Crude Petroleum and Natural Gas
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132 Natural Gas Liquids
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138 Oil and Gas Field Services
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141 Dimension Stone
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142 Crushed and Broken Stone, Including Riprap
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144 Sand and Gravel
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145 Clay, Ceramic, and Refractory Minerals
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147 Chemical and Fertilizer Mineral Mining
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148 Nonmetallic Minerals Services, Except Fuels
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149 Miscellaneous Nonmetallic Minerals, Except
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Extended US-SIC Hierarchy for 1041 - Gold Ores
For business marketing and targeting, US SIC Codes have been extended to provide more specific classifications within US-SIC 1041 - Gold Ores. Extended US SIC Codes are being continuously updated to reflect the current business environment.
6 Digit SIC Codes
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104101 Gold panning
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104198 Gold ores
8 Digit SIC Codes
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10410000 Gold ores
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10410100 Gold ores mining
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10410101 Open pit gold mining
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10410102 Placer gold mining
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10410103 Underground gold mining
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10410200 Gold ores processing
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10410201 Gold bullion production
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10410202 Gold ore milling
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10410203 Gold recovery from tailings
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US SIC Code Directory
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