If you have not yet read that, there is a good career path to consider if you are interested in gaining some insight into precious metals.

In this article, we are delving into how numerous jobs exist in the precious metals sector, backed by certain data.

By contrast, the industry has a relatively modest number of job opportunities, whereas the worldwide precious metal market is substantial, boasting an estimated market size of $182 billion. In the upcoming years, there will be a limited amount of fresh prospects since the industry is anticipating merely average growth.

If you decide to help market this, we will break down the available jobs and industry segments in the precious metals field in this article.

It is challenging to determine the exact count of individuals employed in the precious metals sector. This is primarily due to the fact that precious metals create employment opportunities across various industries, as illustrated below.

No statistical data is currently accessible regarding careers in precious metals.

There is concrete data available, but there is a lack of information about job opportunities in the precious metals industry. There are no official statistics or formal studies regarding the number of jobs available in this field.

Below, we are providing information on industries that include different workers, but it should be noted that specific precious metals may not be included in the general job outlooks.

This video provides some perspective on the multitude of individuals required to ensure the efficiency of mining precious metals.

Precious Metal Market Demand + Job Types

Skilled trade workers and individuals with college degrees can find excellent job opportunities. Despite being smaller in comparison to industries such as consumer non-durables or energy, the precious metals industry still offers potential for great employment options.

You have the option to labor in several of the more prevalent sectors. However, presented below is a compilation of these occupations that we discuss in our valuable metals wage manual.

Industrial

In 2019, around 44% is the estimated proportion of precious metals required by the industry. These metals are processed and extracted by laborers in the fields or factories using their manual labor and tools. The industrial sector offers opportunities for skilled trade occupations.

Industrial occupations may include:

Jewelry

Repairers, watchmakers, and jewelers are commonly found in jewelry manufacturing facilities or jewelry stores. This sector accounts for 40% of the projected demand for precious metals, making it the second-largest market within the jewelry industry.

Investment

To recommend the best investment options for clients and ensure due diligence, analysts will analyze market trends. Those who work in the sector of investing in precious metals can help investors understand what constitutes a good investment. Investing in precious metals is a significant area, as it is expected to see the highest level of growth in the market. When it comes to investment demand, the market is expected to reach about 26%.

These jobs might be work in all the areas mentioned above, such as finance, sales, and marketing, whether you are needed in the industrial markets or jewelry investment. Below are also listed other jobs for workers in the precious metal industry.

Top Precious Metal Companies Employment Numbers

In order to aid your comprehension of the potential prospects, we are additionally furnishing information regarding the workforce size of these respective companies. Here are a few noteworthy companies worth considering if you are seeking employment within the precious metals sector.

Coeur Mining

These mines extract valuable metals such as silver and gold. The mines are located in Canada, South Dakota, Alaska, Nevada, and Mexico, but their headquarters are in Chicago, Illinois. The public company Coeue Mining owns these mines.

Approximate employee count: 2

Argonaut Gold

Despite having facilities in Mexico and Canada, their headquarters are located in Reno, Nevada. They refer to this location as their home base. Their gold production, which amounted to 203,483 ounces in 2020, is renowned.

Approximate workforce size: 1

Hycroft Mining

Hycroft Mining is situated in Nevada, where they operate the Hycroft mine and extract both gold and silver. In the year 2020, their gold production reached approximately 27,392 ounces, while their silver production amounted to 178,836 ounces.

Approximate employee count: 240

Golden Minerals

Another publicly traded corporation, Golden Minerals, is primarily concentrated on the production of gold and silver.

Approximate employee count: 248

Gatos Silver

Gatos Silver operates mines in various Mexican cities and is also a publicly traded corporation in the United States.

Approximate employee count: 51

ResourcesGrandview Research Precious Metals

Bureau of Labor Statistics:https

IBISWorldhttps://www.Ibisworld.Com/industry-statistics/employment/gold-silver-ore-mining-united-states/.