Major Group SIC 1044 - Silver Ores

SIC 1044 - Silver 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 1044 - Silver Ores
    SIC 1041 - Gold Ores SIC 1044 - Silver Ores

Establishments primarily engaged in mining, milling, or otherwise preparing silver ores. The production of bullion at the mine or mill site is included.

Industry trends:

The Silver Ores industry (NAICS 1044) continues to experience significant shifts driven by various market trends and forecasted developments. Recent qualitative trends suggest a strong emphasis on sustainability and technological integration within mining operations. Companies are increasingly adopting greener practices, aiming to reduce environmental footprints through the use of renewable energy sources, enhanced waste management systems, and refined extraction technologies. This eco-friendly approach is not only driven by regulatory requirements but also by consumer and investor expectations for responsible sourcing.

Another notable trend is the growing application of automation and digitization, improving operational efficiency and safety. Mines are integrating advanced machinery, remote sensing technologies, and data analytics to optimize performance and reduce human error. Additionally, the Silver Ores industry is benefiting from the rising demand for silver in renewable energy sectors, particularly in photovoltaic cells used in solar panels, signaling a robust market for silver in green technology applications.

Forecasts for the near future indicate continued growth driven by these sustainable practices and technological advancements. However, market volatility remains a challenge due to fluctuating silver prices and geopolitical factors impacting supply chains. The industry is expected to see consolidation, with mergers and acquisitions becoming more prevalent as firms seek to stabilize and scale operations. Despite these challenges, the outlook for the Silver Ores industry remains positive, buoyed by technological innovation and the rising demand for silver in environmentally sustainable applications.

This industry is comprised of:

Bullion, silver: produced at mine or mill site

Silver ore 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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