In 2022, China, Australia, and Russia are the top three gold-producing countries, followed by the United States, Canada, Peru, Ghana, South Africa, and Mexico, with Indonesia and Uzbekistan both tied for 10th place.
And in this way, they formed the top 10 gold-producing countries.
The top 10 gold-producing countries
In the world, the top 10 gold-producing countries account for 64% of the total production. South Africa was the leader until 2006 when China took over and has remained the champion manufacturer for 13 years in a row.
China:
China accounts for more than 13% of global production, thanks to the liberalization of the gold market that attracted foreign investors and increased production volumes. The bulk of the gold is located in over 450 underground mines in eastern China, all controlled by the state through the China National Gold Group Corporation (CNGGC).
Russia:
Russia has been the world leader in gold production for many years, mainly in Siberia, where mining is carried out from primary and alluvial deposits. However, their share in total production is gradually decreasing due to the depletion of deposits. Australia accounts for 9.4% of global production, with gold making up more than half of the country’s exports. The country has five of the 20 largest gold deposits.
Australia:
Gold accounts for more than half of Australia’s exports and 9.4% of global production, with the country having five of the 20 largest gold deposits in the world. Australia’s mining industry is primarily focused on the western region, with significant deposits also found in the eastern and northern regions. The country’s mining sector has been instrumental in driving economic growth and development.
The united states:
In the United States, mining is carried out in 30 states, with the center in Nevada, which provides about 80% of all US gold. Canada’s main gold-mining regions are the state of Ontario and neighboring Quebec, with the country gradually increasing production volumes through the discovery of new deposits and the construction of new enterprises. Canada’s gold production volume was 193 tons at the end of 2018, and it is predicted to grow by 2.7% annually until 2023.
Peru:
Peru ranks sixth in the world with a production rate of 169 tons, with legal gold mining carried out by 160 companies. However, gold production has reached its lowest level due to no new deposits being discovered in the country over the past three years. South Africa, once the world leader in gold production, has been declining from year to year since the development of the richest deposits. It now ranks seventh with a production volume of 164 tons
Canada:
Canada is the fifth-largest gold producing country in the world, with an annual production of 193 tons in 2018. The provinces of Ontario and Quebec are the main gold-mining regions of the country. While Canada’s mines are not large, the country has been increasing its production volumes thanks to the discovery of new deposits and construction of new enterprises. Additionally, Canadian companies were the most active buyers in the gold mining sector in 2012.
Ghana:
Ghana is the largest supplier of gold in Africa, and the country’s gold mining industry contributes 95% of all mining revenues in the country. More than 15 state-owned companies and more than 10 foreign companies operate in the industry, with the country’s largest gold mine, Tarkwa, being owned by South African company Gold Fields (90%) and the state (10%). Ghana’s gold production is expected to continue growing in the coming years, with new projects being launched.
South Africa:
South Africa was the absolute leader in gold production until 2006, and it continues to be a major player in the industry. The country’s gold mines are concentrated in the provinces of Gauteng and Free State, with more than 1,000 mining enterprises operating in the country. However, the level of gold production in South Africa has been declining in recent years as the richest deposits have been exhausted.
Mexico:
Mexico is an open market for foreign miners, with 293 foreign companies operating in the country, mostly from Canada and the United States. With the participation of foreign capital, more than 760 projects for the extraction and exploration of precious metals are being implemented. According to the analytical company Thomson Reuters GFMS, in 2014, 118 tons of gold were mined in the country, and the overall level of metal production has shown a positive trend.
Uzbekistan:
Uzbekistan is the eighth-largest gold producing country in the world, with a production volume of 90 tons in 2021. The country has more than 50 gold deposits, with the largest being the Muruntau mine, which is one of the largest open-pit gold mines in the world. The Uzbek government has been actively promoting the development of the country’s gold mining industry, with the aim of increasing production volumes.
Indonesia:
has the world’s largest gold deposits, but gold production has been declining since 2017 due to tighter environmental controls. Mexico has an open mining policy for foreign miners, with more than 760 projects for the extraction and exploration of precious metals being implemented. Ghana is the largest supplier of gold in Africa, closing the top ten world leaders in gold mining with a figure of 102 tons, which accounts for 95% of all mining revenues in the country. Ghana’s gold mining industry has more than 15 state-owned companies and more than ten foreign ones, with the country’s largest gold mine, Tarkwa, being owned by the South African company Gold Fields (90%) and the state (10%).
