Gold mining is a global business operating on all continents except Antarctica, and gold is extracted from mines of various types and sizes. In this article, we will introduce the top 10 gold producing countries in the world.
At the national level, China was the world’s largest producer in 2019, accounting for about 11% of total global production. Our interactive gold mining map provides an analysis of the world’s leading gold producing countries showing the geographic dispersion of gold mining operations and gold supply.
So here are the Top 10 Gold Producing Countries in the World.
10. Indonesia (97MT)
Indonesia is the 10th Largest Gold Producing Country in the World
The Grasberg mine is the richest gold mine in the United States, holding about 25.8 million ounces and over 26 billion pounds of copper. Despite reported labor disputes, Indonesia increased its gold production from 97MT in 2015 to 100MT in 2016, returning Asian countries to the top 10 gold producers for the second year in a row. Indonesia was removed from the list in 2012 and 2013. Although it was a major gold medalist, the country’s Grasberg mine is primarily owned by the United States. However, a recent deal appears to have opened the door for the US’s Freeport-McMoRan outfit to transfer its controlling stake to Indonesia.
9. Uzbekistan (100MT)
Uzbekistan is the 9th Largest Gold Producing Country in the World
Muruntau, America’s premier mine, continues to be one of the largest pits in the world and a steady producer of Central Asian countries. Uzbekistan has been the top 10 gold medal player in the last decade, despite very little gold exploration. It has hovered around 100MT for 4 years and seems to be steadily increasing production. Muruntau has remained a major gold producer since its discovery in 1958. Gold is the country’s number one export, reported at $1.8 billion.
8. Mexico (125MT)
Mexico is the 8th Largest Gold Producing Country in the World
Mexico has risen economically in terms of GDP and manufacturing over the past decade. Gold mining output is relatively stable. From 2015 to 2016, it has decreased by 10 MT and is 125 MT. The low yield is due to Goldcorp’s trouble at Penasquito, the country’s leading mine. However, this figure is in stark contrast to just a few years ago, when the total production in 2014 was 92 MT, and North American countries did not rank in the top 10 in 2011. The discovery of gold continues to increase and is the best producer moving forward.
7. South Africa (140MT)
South Africa is the 7th Largest Gold Producing Country in the World
Decreased reserves, increased labor costs and sudden production disruptions have contributed to the decline in gold production in South Africa. The scarce amount was only 5MT from 2015 to 2016, but in 2006, South Africa’s annual gold production led the world with 272MT. Nevertheless, there are vast untapped resources that have not yet been excavated, and the world’s deepest gold mine is in Mponeng, South Africa. This operation is said to have produced more than half of the world’s gold.
6. Peru (150MT)
Peru is the 6th Largest Gold Producing Country in the World
South American countries grew moderately to 5MT from 2015 to 2016. It reached a high of 208 MT in 2005, but remained in the 5th to 6th place for over 10 years. Peru has suffered considerable difficulties when it comes to gold mining in the 21st century. Operations increased by 400%, but most of them are located in difficult terrain at the top of the Peruvian mountains. The country has also suffered reported damage to Amazon’s natural resources, and illegal mining remains a challenge. Peru is the 11th largest gold exporter with exports of $6.2 billion.
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5. Canada (170MT)
Canada is the 5th Largest Gold Producing Country in the World
This North American country is rising in the gold rankings with several economic factors, beating the downtrend of other gold leaders, and Canada increased production by 17MT from 2015 to 2016 after falling in 2014. Costumes such as the Gold Riser and Agnico Eagle Mines are expected to expand operations, and new horizons are expected to open in regions such as Nunavut, which goes online in 2019.
4. United States (209MT)
United States is the 4th Largest Gold Producing Country in the World
Change of ownership of Nevada and other operations. While many consider the California Gold Rush to be a major US location, most of the US gold comes from neighboring Nevada, which produces 78% of the total US production. The United States maintains huge amounts of gold with locks and keys in popular vaults such as the Fort Knox holdings. It is known that US gold reserves account for 75% of all other countries. The United States also exports gold, the highest of the top 10 producers, at $17.7 billion.
3. Russia (250MT)
Russia is the 3rd Largest Gold Producing Country in the World
Russia is emerging as a gold mining leader, but continues to import gold. Russia, which has made the US leap in terms of production, still has enormous unearthed gold resources in Siberia. Russia, which occupies about a sixth of the entire continent of the planet, plans to increase its gold business. In the next 10-12 years, according to reports, Russia plans to increase its total production to 400 MT. The massive country spanning two continents has the second largest gold reserves in the world.
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2. Australia (270MT)
Australia is the 2nd Largest Gold Producing Country in the World
Two-thirds of all gold in Australia comes from mines in Western Australia. These operations are based on Perth, which has the most productive open-mining operations in Kalgoorlie-Boulder-Fimiston’s “Golden Mile”. This location has strong gold and nickel deposits. The industry accounted for $13.5 billion in export imports, and Australia’s gold production fell 8 MT last year.
1. China (455MT)
China is the number 1 Largest Gold Producing Country in the World
China continues to lead the world in gold production. The total mining volume in 2016 is 445 MT. The Asian superpower, surpassing all other countries in production over the past decade, has also emerged as the world’s largest gold consumer. Most of the country’s mining business is located halfway between Shanghai and Beijing. China National Group is responsible for about a fifth of all Chinese gold production. China National Group also operates overseas gold mining and other mineral mining operations such as African copper. China is increasing its mining initiatives by 10% annually and is expected to continue accelerating production to meet domestic demand.
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Hope you guys know which countries are producing the most number of gold. So, these are the top 10 gold producing countries in the world.