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Gold & Silver Ore Mining in Wyoming

Author.Name IBISWorld United States Last Updated: April 2025 NAICS WY21222

Gold & Silver Ore Mining in Wyoming industry analysis

The Gold & Silver Ore Mining industry in Wyoming 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 stagnated an annualized x% to x workers, while industry wages have decreased an annualized -x.x% to $x.x thousand.

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

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

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

Definition of the Gold & Silver Ore Mining in Wyoming?

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 Wyoming?

The Gold & Silver Ore Mining in Wyoming 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 Wyoming 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 Wyoming

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

Gold & Silver Ore Mining in Wyoming

#36 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 Wyoming

See how key industry drivers, such as population, house price index, new business formation, world price of gold, world price of silver and investor uncertainty are impacting Gold & Silver Ore Mining in Wyoming

Wyoming Economic Indicators

Population
House Price Index
New Business Formation

View more economic information in WY 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 Wyoming

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

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

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 Wyoming in 2025?

The market size of the Gold & Silver Ore Mining industry in Wyoming is $1.2m in 2025.

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

There are 2 businesses in the Gold & Silver Ore Mining industry in Wyoming, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

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

The market size of the Gold & Silver Ore Mining industry in Wyoming has been declining at an average annual rate of -5.3% from 2020 to 2025.

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

There are 9 employees in the Gold & Silver Ore Mining industry in Wyoming, which has been declining at an average annual rate of 0.0% from 2020 to 2025.