About the Gold & Silver Ore Mining in Michigan Market Research Report
What’s Included in the Gold & Silver Ore Mining in Michigan Market Research Report
Definition of the Gold & Silver Ore Mining in Michigan?
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 Michigan?
The Gold & Silver Ore Mining in Michigan 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 Michigan 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 Michigan
Benchmark the Gold & Silver Ore Mining in Michigan industry performance with all MI county and national performance.
Gold & Silver Ore Mining in Michigan
#20 in Highest Revenue 0.1% of state's GDPRevenue (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)
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Key Drivers of the Gold & Silver Ore Mining industry in Michigan
See how key industry drivers, such as population, net migration, new business formation, world price of gold, world price of silver and investor uncertainty are impacting Gold & Silver Ore Mining in Michigan
Michigan Economic Indicators
Population
Net Migration
New Business Formation
View more economic information in MI 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 Michigan
Key Statistics of the Gold & Silver Ore Mining industry in Michigan
Download 18 years of historical data and 5 years of projected performance.
