9) INDONESIA – 117.5 tonnes. Indonesia holds its place in the top 10 gold producers in the world. Gold output in the country rose in 2018 to 153 tonnes to pass the country's 2010 record, and earned them 7th spot in the top 10, but 2019's performance slipped back to just 92.3 tonnes and saw them fall out of the top spots amidst hot competition.
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Here are the five African countries enjoying the position as the biggest producers in Africa . Ghana: 117.6 tons. Currently, the leading African gold-producing country and sixth in the world is Ghana, with the country’s gold production amounting to a total of 117.6 tons in 2021. Comprising roughly 90% of the West African country’s total
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· In the first half of 2023, the company's key mines, such as Geita, Obuasi, Iduapriem, Tropicana, and Sunrise Dam, made substantial contributions to total gold production, which reached 38.6 tons
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18 · Until 2006, South Africa was the world's largest gold producer. In 2007, increasing production from other countries and declining production from South Africa meant that China became the largest producer, although no country has approached the scale of
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China – 368.3 tons. Deemed the world’s largest consumer of gold for a decade, it's no surprise China is at the top of the global list of gold producing countries. China is the largest global gold producer, accounting for 11% of production worldwide. 1 In recent years, the levels of gold reserves decreased from 383 to 368 tons.
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· Here are the 2021 world’s top gold-producing countries. China. Production: 370 metric tons (MT) Once again, China was the largest producer of gold in the world, mining 370 MT in 2021, up slightly from 2020s 365 MT. The country has held its top position for more than a decade. Australia.
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United States – 8,113.46 tonnes. The United States has the world’s largest gold reserves, with over 8,000 tonnes. It’s nearly as much gold as Germany, Italy, and France (the next largest gold reserves) have combined. The Federal Reserve Bank (the central bank in the US) owns the country’s gold reserves.
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| 2020RANK | COUNTRY | GOLD PRODUCTION( TONNES… | RESERVES(T… | % OF TOTAL |
|---|---|---|---|---|
| 18 | Other | 750 | — | 23.1 |
| 1 | China | 380 | 12,000 | 11.7 |
| 2 | Australia | 320 | 9,800 | 9.9 |
| 3 | Russia | 300 | 5,300 | 9.3 |
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· Output: 324.7 tons. Russia, with its 324.7 tons output in 2022, is the world’s second-largest gold producer. It first surpassed Australia back in 2019. This position highlights its vast natural resources and cements its role as Europe’s main gold supplier, a title it has held since 2010.
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· GLOBAL gold production reached nearly 3,000 tons in 2021, with Africa accounting for nearly a quarter with total gold mine production in the continent amounting to 680.3 tons that year. Swiftly becoming one of the largest gold producing regions in the world – the second largest after China – West Africa in recent years has
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· Below are more details on the top 10 countries with the largest gold production in 2019, beginning with the top producer and top consumer of bullion, China. All data is from the World Gold Council
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:Gold Production By CountryChina Gold ProductionCountries Gold Production · The Top Gold-Producing Countries in 2022. Around 31% of the world’s gold production in 2022 came from three countries—China, Russia, and Australia, with
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· 1 Ghana regains top spot. 2 South Africa : Major player in the industry. 3 Sudan : Significant growth despite challenges. 4 Mali : Steady production amid uncertainty. 5 Burkina Faso : Dynamic sector growth. The continent, renowned for its abundant mineral resources, is home to several nations that play a pivotal role in the global gold market
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Largest gold producing countries in Latin America 2023 Production volume of select top gold mines in Australia 2013 Gold mine production share 2022, by company Electrolytic gold sales value in
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· The Top Gold-Producing Countries in 2022. Around 31% of the world’s gold production in 2022 came from three countries—China, Russia, and Australia, with each producing over 300 tonnes of the precious metal. North American countries Canada, the U.S., and Mexico round out the top six gold producers, collectively making up 16% of
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1 · Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Gold Production-Africa-By Country-was last updated on Sunday, June 23, 2024.
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:Gold Production By CountryGold Mining · At a country level, China was the largest producer in the world in 2020 and accounted for around 11 per cent of total global production. Our interactive gold
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· Below are further details on the top 10 countries with the largest gold production in 2020, starting with China, the top producer as well as the top consumer. All data is from the WGC as of June 2021.
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· Gold production in 2021 (in tonnes): 85.1. In the last 10 years, Sudan has become the third-largest African gold producing country, and even though the country is going through an economic crisis
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· Top five largest gold producing countries in 2020. 1. China – 380 tonnes. China produced roughly 380 tonnes of gold in 2020 – recording the same output as the previous year, despite the impacts of the pandemic. The Asian powerhouse is also the world’s largest consumer of gold, and is estimated to be sitting on reserves of about
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US gold production is highly concentrated in Nevada, which accounts for 73% of the country’s total gold production, followed by Alaska with 13%. 97% of US gold production in 2023 comes from the country’s top 27 mines. Kazakhstan’s 2023 gold production has increased to 130 metric tonnes from 69 metric tonnes in 2016.
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:Gold Production By CountryCountries Gold ProductionGold ProducersChina, Australia, Russia, and Canada were respectively the largest producers of gold in the world as of 2023. Global production of gold reached approximately
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:China Gold ProductionCountries Gold ProductionGold Producers · Around 31% of the world’s gold production in 2022 came from three countries—China, Russia, and Australia, with each producing over 300 tonnes of the
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· Australia was the second largest gold producing country (320 tonnes), followed by Russia (300 tonnes) and USA (190 tonnes). Canada sits fifth with 170 tonnes of gold produced in 2020. Nine countries out of the top ten largest gold producers faced a decline in gold output in 2020, while production in China remained unchanged.
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· Estimated Global Gold Consumption. Most of the gold produced in 2023 was used in jewelry production, while another significant portion was sold as a store of value, such as in gold bars or coins. Jewelry: 46%. Central Banks and Institutions: 23%. Physical Bars: 16%. Official Coins, Medals, and Imitation Coins: 9%. Electrical and
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· These are the top nine gold-rich African countries. 1. Ghana This country is now known as Africa’s top producer of gold. It equally has a number of mines located in different places which re
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:Gold Production By CountryChina Gold ProductionGold MiningChina maintains its dominance as the largest gold producer with 375 tons, followed by Russia (324.7 tons) and Australia (313.9 tons). Gold production is diverse and
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· Ghana is the largest mine producer of gold in Africa. In 2018, Ghana's gold production amounted to 148 metric tons. South Africa was the second-largest gold mining country in the continent that
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· Ghana has regained its position as Africa’s top gold producer, with a remarkable 32 per cent increase in production of the mineral in 2022. South Africa’s gold production has seen a year-on-year increase of 2.2 per cent as of October 2023. In 2022, crisis-saddled Sudan’s gold production was reported at 50,000.000kg.
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· The latest production data from the United States Geological Survey (USGS) shows that the global gold production in 2023 totaled 3000 metric tons, marking a decrease of 60 metric tons compared to 2022. In terms of prices, in May 2024, the price of gold hit a historical high of over $2,400 per ounce. The rise was attributed to escalating
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