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Top Players in the Precious Metals Market

The global precious metals market reached a value of US$ 192.9 Billion in 2021. As per the analysis by IMARC Group, the precious metals market is experiencing positive growth due to their emerging applications in numerous industrial processes. This, in turn, has led key players to focus on collaborations and joint ventures to explore and mine precious metals in different regions, such as Africa, where large untapped reserves are yet to be discovered. They are also making heavy investments in research and development (R&D) activities and adopting advanced extraction and refining techniques to enhance production capacity and quality. Furthermore, governments of various nations are implementing stringent regulations to limit the black-market activities of precious metals. Along with this, several new precious mineral mining projects sanctioned to private companies and regulated by the governing authorities are offering lucrative opportunities to leading players operating in the industry. Additionally, the rising consumer expenditure capacities, improving living standards, fear of inflation, and increasing concerns regarding financial stability are encouraging individuals to invest in precious metals, which is further driving the market growth. Looking forward, the market is anticipated to reach a value of US$ 254.3 Billion by 2027, growing at a CAGR of around 5.3% during 2022-2027.

Precious Metals Companies

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List of the Top Precious Metals Companies Worldwide:

Anglo American Platinum Limited (Anglo American PLC)

Establishment: 1995
Headquarter: Johannesburg, South Africa
Website: http://www.angloamericanplatinum.com/   

Anglo American Platinum Limited is the world's leading primary producer of Platinum Group Metals (PGMs) that provides a complete resource-to-market service and supplies a range of mined, recycled, and traded products. It produces around 37% of the world's newly mined production of platinum. It operates across the entire value chain to mine, process, and refine the complete range of PGMs, including platinum, palladium, rhodium, iridium, ruthenium, and osmium, with different sites dedicated to each stage. 

Barrick Gold Corporation

Establishment: 1983
Headquarter: Toronto, Canada
Website: https://www.barrick.com/ 

Barrick Gold Corporation is a gold mining company primarily engaged in the production and sale of gold and copper and related activities, including exploration and mine development. The company operates through various segments, such as Barrick Nevada, Veladero, Pueblo Viejo, Lagunas Norte, Turquoise Ridge, Acacia, and Pascua-Lama. It has gold and copper mining projects and operations in 13 countries in North and South America, Africa, Papua New Guinea, and Saudi Arabia. Its diversified portfolio spans many of the world's perspective gold districts and is focused on high-margin, long-life assets.

First Majestic Silver Corp.

Establishment: 2002
Headquarter: Vancouver, Canada
Website: http://www.firstmajestic.com/ 

First Majestic Silver Corp. is a Canadian mining company focused on silver and gold production in the United States and Mexico. It presently owns and operates four producing mines, namely the San Dimas Silver/Gold Mine, the Jerritt Canyon Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine. Moreover, it is the only mining company offering its own production in the form of silver bullion for sale online. It provides high-quality 0.999-fine silver rounds, ingots, bars, and medallion sets for sale at one of the lowest premiums and silver prices per ounce on the internet.

First Quantum Minerals Ltd.

Establishment: 1983
Headquarter: Vancouver, Canada
Website: http://www.first-quantum.com/ 

First Quantum Minerals Ltd. is a leading Canada-based mining company engaged in exploration, development, and mining activities. It primarily produces copper in the form of concentrate, cathode, and anode and has inventories of nickel, gold, and cobalt. Its growing portfolio of operations and projects spans four continents. It also operates long-life mines and development projects in several countries, including Africa, Australia, Finland, Spain, Turkey, and Latin America. 

Freeport-McMoRan Inc.

Establishment: 1988
Headquarter: Phoenix, Arizona, United States
Website: http://fcx.com/ 

Freeport-McMoRan Inc. is a leading international mining company that operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold, and molybdenum. It is the world's largest producer of publicly-traded copper. Its portfolio of assets includes the Grasberg minerals district in Indonesia, which is one of the world's largest copper and gold deposits, and significant mining operations in North and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru.

Fresnillo plc (Peñoles Group)

Establishment: 2008
Headquarter: Mexico City, Mexico
Website: http://www.fresnilloplc.com/ 

Fresnillo plc is a Mexican precious metals mining company that explores, develops, and produces silver and gold resources. It owns and operates silver and gold mines and holds a portfolio of various development and exploration projects located along with the silver and gold belts. The company primarily serves customers in Mexico and the United Kingdom. It currently has seven operating mines, which include Fresnillo, Saucito, Ciénega (including Las Casas Rosario and Cluster Cebollitas), Herradura, Soledad-Dipolos1, Noche Buena and San Julián (Veins and Disseminated Ore Body). It also has two development projects - the Pyrites Plant at Fresnillo and Juanicipio, both of which have been completed, but approvals to operate are pending, along with three advanced exploration projects – Orisyvo, Rodeo, and Guanajuato, and several other long term exploration prospects. Its business model spans the complete mining value chain from exploration, development, and construction to mining operations.

Gabriel Resources Ltd.

Establishment: 1986
Headquarter: Canada
Website: http://www.gabrielresources.com/ 

Gabriel Resources Ltd. is a Canadian TSX-listed resource company primarily engaged in the exploration and development of gold and silver deposits in western central Romania. It is currently focused on permitting and developing its world-class Rosia Montana gold and silver project. The project is one of the largest undeveloped gold deposits in Europe, comprising proven and probable reserves of 10.1 million ounces of gold and 47.6 million ounces of silver (215 million tons at average grades of 1.46g/t gold and 6.88g/t silver). 

Glencore International AG

Establishment: 1974
Headquarter: Baar, Switzerland
Website: http://www.glencore.com/ 

Glencore International AG is a leading global and diversified natural resource company that comprises around 150 mining, metallurgical, and oil production assets. It produces and markets a wide range of metals and minerals, including copper, cobalt, zinc, nickel, and ferroalloys - and also markets aluminum/alumina and iron ore from third parties. In addition, the company is a market leader in the recycling of secondary copper and precious metals, such as gold, silver, platinum, and palladium. It operates a fully integrated business that includes extensive sampling and analytical capabilities through its reception and sampling plants and onsite laboratories. Its technical capabilities are adaptable, making it possible to sample and treat a diverse range of complex materials accurately. In addition, its smelting and refining capabilities enable the company to produce London Metal Exchange (LME) grade copper and precious metals. 

Gold Fields Limited

Establishment: 1887
Headquarter: Johannesburg, South Africa
Website: http://www.goldfields.com/ 

Gold Fields Limited is a leading globally diversified gold producer with a focus on mechanized underground and open-pit mining. Presently, it is the world's seventh-largest gold producer. The company owns and operates nine mines in Australia, South Africa, Peru, Ghana (including the Asanko JV), as well as one project in Chile.

Harmony Gold

Establishment: 1950
Headquarter: Randfontein, South Africa 
Website: http://www.harmony.co.za/ 

Harmony Gold is a South Africa-based gold mining and exploration company with a copper footprint that operates in South Africa and Papua New Guinea, one of the world's premier new gold-copper regions. At present, the company is South Africa's largest gold producer by volume. In South Africa, its nine underground operations are located within the world-renowned Witwatersrand Basin – one in the Klerksdorp goldfield, three in the West Rand, and five in the Free State, in the southern portion of the Witwatersrand Basin. It also operates Kalgold, an open-pit mine on the Kraaipan Greenstone Belt, and several surface treatment operations. In Papua New Guinea, its assets include the wholly-owned Hidden Valley open-pit gold-silver mine and surrounding tenure. The company's growing gold-copper portfolio comprises 50% of the Golpu project, a wholly-owned new greenfield discovery at Kili Teke, and several highly prospective tenements.

Impala Platinum Holdings Limited

Establishment: 1966
Headquarter: Johannesburg, South Africa
Website: http://www.implats.co.za/ 

Impala Platinum Holdings Limited (Implats) is a holding company for a group of companies that operate platinum mines. In addition to platinum, the company also mines, produces, and markets other PGMs, including palladium, rhodium, and nickel. It also provides refining services for the base and precious metals producers. It owns and operates six mines located on three of the most significant PGM deposits in the world - the Bushveld Complex in South Africa, the Canadian Shield in North America, and the Great Dyke in Zimbabwe. The company's mining operations include Impala Rustenburg, Zimplats, Marula, Impala Canada's Lac des Iles, Mimosa, and Two Rivers.

Lundin Mining Corporation

Establishment: 1994
Headquarter: Toronto, Canada
Website: http://www.lundinmining.com/ 

Lundin Mining Corporation is a diversified Canadian metals mining company that primarily produces copper, zinc, gold, and nickel. It owns and operates mines in Brazil, Chile, Portugal, Sweden, and the United States. It is engaged in the exploration, mining, and development of base metals. The company's operating assets include the Eagle mine located in the United States, the Neves-Corvo mine located in Portugal, the Zinkgruvan mine situated in Sweden, and the Candelaria Copper Mining Complex (Candelaria and Ojos del Salado) located in Chile's Atacama region.

Pan American Silver Corporation

Establishment: 1994
Headquarter: Vancouver, Canada
Website: http://www.panamericansilver.com/ 

Pan American Silver Corporation is a leading silver mining company based in Canada that has numerous silver and gold mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also owns the Escobal mine in Guatemala that is not operating currently. As the world's second-largest primary silver producer with the biggest silver reserve base globally, the company provides enhanced exposure to silver along with a diversified portfolio of gold-producing assets. With a 26-year history of operating in Latin America, it has earned an industry-leading reputation for corporate social responsibility, operational excellence, and prudent financial management. 

 

About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the precious metals market, which has enabled clients to set up and expand their businesses successfully.

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