PRECIOUS METALS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Key Developments

• In November 2023, Wheaton Precious Metals announced an agreement with Orion Mine Finance to acquire the Kudz Ze Kayah and Platreef projects. Orion Mine Finance is a prominent private equity firm specializing in mining finance, particularly in the precious and base metals sectors. The company also revealed the purchase of a gold stream for Dalradian Gold's Curraghinalt Project. These acquisitions are expected to significantly enhance Wheaton’s market position. Wheaton Precious Metals Corp. is one of the world's largest precious metals streaming companies, primarily engaged in the acquisition of precious metals streams and royalties.
• In May 2021, Newmont Corporation finalized its acquisition of GT Gold by purchasing the remaining 85.1% shares. This acquisition bolstered Newmont’s portfolio, including the Tatogga project, which is poised to contribute to future copper and gold production. Newmont Corporation is one of the world’s largest and most prominent gold mining companies.
• In April 2021, Barrick Gold Corporation announced the commencement of production at the third underground mine of its Loulo-Gounkoto complex. The mine was projected to deliver 19.8 tons of gold by the end of 2021. Barrick Gold Corporation is one of the world’s leading gold mining companies, with operations spanning multiple continents.