Major Group SIC 1041

SIC 1041 - Gold Ores

SIC 10 - Metal Mining
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 104 - Gold And Silver Ores
  SIC 104 - Gold And Silver Ores SIC 108 - Metal Mining Services SIC 109 - Miscellaneous Metal Ores SIC 102 - Copper Ores SIC 103 - Lead And Zinc Ores SIC 101 - Iron Ores SIC 106 - Ferroalloy Ores, Except Vanadium
  - SIC 1041 - Gold Ores
    SIC 1041 - Gold Ores SIC 1044 - Silver Ores

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.

Industry trends:

The Gold Ores industry, classified under NAICS 1041, is currently experiencing several qualitative trends and shifts. One notable trend is the increasing emphasis on sustainable and environmentally-friendly mining practices. Companies are investing in technologies to reduce their carbon footprint and mitigate environmental damage, responding to regulatory pressures and growing public concern over ecological impacts.

There is also a trend towards digitalization and the use of advanced technologies such as automation, data analytics, and artificial intelligence. These technologies are being utilized to optimize mining operations, improve efficiency, and cut costs. For example, automated drilling and transportation systems are becoming more common, while AI and machine learning are being applied to ore body modeling and mine planning.

Another significant trend is the volatile nature of gold prices, influenced by global economic conditions, currency fluctuations, and geopolitical tensions. This volatility impacts investment and exploration activities in the industry. Companies are increasingly hedging their exposure to gold price fluctuations to manage financial risk better.

In terms of forecasts, the near future is likely to see continued exploration in politically stable regions with significant untapped resources. There may also be increased mergers and acquisitions as larger firms seek to consolidate their positions and gain access to new reserves. Furthermore, the demand for gold from emerging markets and technological applications (such as electronics and renewable energy components) is expected to sustain robust market conditions.

This industry is comprised of:

Bullion, gold: produced at mine, mill, or dredge site

Calaverite mining

Lode gold mining

Placer gold mining

Sylvanite mining

Telluride (gold) mining

Explore related industries:

SIC 1479 - Chemical And Fertilizer Mineral Mining, Not Elsewhere Classified SIC 3295 - Minerals And Earths, Ground Or Otherwise Treated SIC 3339 - Primary Smelting And Refining Of Nonferrous Metals, Except Copper

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