diff --git "a/85ce1b24-147d-4dd0-96e0-e22c1766545f.json" "b/85ce1b24-147d-4dd0-96e0-e22c1766545f.json"
new file mode 100644--- /dev/null
+++ "b/85ce1b24-147d-4dd0-96e0-e22c1766545f.json"
@@ -0,0 +1,40 @@
+{
+ "interaction_id": "85ce1b24-147d-4dd0-96e0-e22c1766545f",
+ "search_results": [
+ {
+ "page_name": "The top 10 gold producing countries - Mining Technology",
+ "page_url": "https://www.mining-technology.com/features/feature-ten-largest-gold-producing-countries-china/",
+ "page_snippet": "It produced 230t of gold in 2012, a decline by 4t from 2011. The US accounted for 8.5% of global gold production in 2012. The gold production comes predominantly from five states \u2013 Nevada, Alaska, California, Colorado and South Dakota. More than 74% of gold is mined from Nevada alone.The ten largest gold producing countries accounted for about 65% of global gold output in 2012. China and Ghana witnessed double digit growth in gold production, with a notable increase in gold output from Russia, Peru and Canada. Mining-Technology lists the largest gold producing countries based on 2012 gold production data. October 6, 2013 The majority of the Chinese gold production comes from five provinces, namely Shandong, Henan, Jiangxi, Yunnan and Fujian. Zijin Mining Company, which operates Zijinshan gold and copper mine, is the country\u2019s largest gold producer. The United States, which accounts for 3.5% of global gold reserves, is the third largest gold producing country in the world. It produced 230t of gold in 2012, a decline by 4t from 2011. The US accounted for 8.5% of global gold production in 2012. The gold production comes predominantly from five states \u2013 Nevada, Alaska, California, Colorado and South Dakota. More than 74% of gold is mined from Nevada alone. Carlin Trend gold mine, operated by Newmont in Nevada, is the US\u2019s largest gold mine, containing gold reserves of 17.83Moz. Mining-Technology lists the largest gold producing countries based on 2012 gold production data. October 6, 2013 ... China is the largest gold producing country in the world, producing 403t (tonnes) of gold in 2012, an 11.7% increase in production over the previous year.",
+ "page_result": "\n\n\n\t\n\n \n \t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\t\n\t\n \t\t\t\t\n\n\t\n\n\t\t\n\n\n\n\t\n\n\t\n\t\n\t\n\t\t\n\t\n\n\n\n\n\t\n\t\n\t\n\r\n\r\n\r\n\r\n\n\t\n\tThe top 10 gold producing countries - Mining Technology\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\r\n\r\n\r\n\r\n\r\n\r\n \n\t\t\n\n\n\n\n \n \n \n \n \n\n \n\n\n\n\t\t\n\t\t\n\t\t\n\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\n\n\n\n\n\n\n\n\t\t\n\n\t\t\n\t\t\n\n\n\n \n
The ten largest gold producing countries accounted for about 65% of global gold output in 2012. China and Ghana witnessed double digit growth in gold production, with a notable increase in gold output from Russia, Peru and Canada. Mining-Technology lists the largest gold producing countries based on 2012 gold production data.
China is the largest gold producing country in the world, producing 403t (tonnes) of gold in 2012, an 11.7% increase in production over the previous year.
The country accounted for 13.7% of the global gold production in 2012. China also tops the list in gold consumption.
\n
The majority of the Chinese gold production comes from five provinces, namely Shandong, Henan, Jiangxi, Yunnan and Fujian. Zijin Mining Company, which operates Zijinshan gold and copper mine, is the country’s largest gold producer.
\n
Australia
\n
Australia is the second main gold producing country in the world. It produced 253t of gold during 2011-12, a four percent decrease over 2010-11production. Australia contributed 9.31% of global gold output in 2012.
\n
Most of the Australian gold mines are located in Western Australia, South Australia and New South Wales, with 71% of gold production coming from Western Australia alone. Australia’s reserves of gold as of December 2012 were estimated at 7,400t (13.7% of the global total) by the US Geological Survey.
\n\n
How well do you really know your competitors?
\n\n
Access the most comprehensive Company Profiles\n on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
\n\n \n\n\n\n
\n\n\n
\n\n \n
\n\n\n
\n\n Company Profile \u2013 free\n sample\n\n
\n\n
Thank you!
\n
Your download email will arrive shortly
\n
\n\n
\n\n\n\n
\n Not ready to buy yet? Download a free sample\n
\n
We are confident about the\n unique\n quality of our Company Profiles. However, we want you to make the most\n beneficial\n decision for your business, so we offer a free sample that you can download by\n submitting the below form\n
\n By GlobalData\n\n\n \n
\n\n
\n\n
\n
\n
United States of America
\n
The United States, which accounts for 3.5% of global gold reserves, is the third largest gold producing country in the world. It produced 230t of gold in 2012, a decline by 4t from 2011. The US accounted for 8.5% of global gold production in 2012.
\n
The gold production comes predominantly from five states – Nevada, Alaska, California, Colorado and South Dakota. More than 74% of gold is mined from Nevada alone.
\n
Carlin Trend gold mine, operated by Newmont in Nevada, is the US’s largest gold mine, containing gold reserves of 17.83Moz.
\n
Russia
\n
Russia ranks as the fourth largest gold producing country. It produced 205t of gold in 2012, a 6.8% increase over 2011 production.
\n
Russia contributed 7.6% of the global gold output in 2012.The country’s gold reserves were estimated at around 5000t as of December 2012 by US Geological Survey.
\n
Gold producing mines in Russia are mainly located in six eastern regions – Amur, Irkutsk, Khabarovsk, Krasnoyarsk, Magadan and Sakha-Yakutia.
\n
Olympiada mine, operated by Polyus Gold, is the largest gold producer in the country, which produced 720Koz of gold in 2011.
\n
South Africa
\n
Historically the largest gold producing country, South Africa currently ranks as the fifth largest. The country’s gold production in 2012 stood at 170t (6.3% of global production) compared to 190t in 2011.
\n
The decline in gold production was due to numerous gold mine strikes during the same year.
\n
South Africa has 35 large-scale gold mines currently in operation, including the world’s deepest mines such as Tau Tona and Mponeng. The country’s contained gold reserve as of December 2012 was estimated to be about 6,000t (11.5% of the global gold reserves).
\n
Peru
\n
Peru is currently the sixth largest gold producing country in the world. The country produced 165t of gold in 2012, a three percent decline over 2011 production. Peru accounted for 6.1% of global gold output in 2012.
\n
Compania De Minas Buenaventura is the main gold-producing company in the country. Yanacocha mine is the largest gold mine in Peru. The country accounted for 4.2% of the global gold reserve as of December 2012.
\n
Ghana
\n
Ghana ranks as the seventh largest gold producing country in the world. The country produced 4.2Moz (119t) of gold in 2012, which was a 17% increase on 2011 production. The gold production accounts for more than 90% of the country’s total mineral output.
\n
Ghana is the second largest African gold producing country. The country’s largest gold mine, Tarkwa is operated by Gold Fields. The US Geological Survey estimated the country’s gold reserves as of December 2012 at 1,600t, which accounts for 3.1% of the global gold reserve.
\n
Canada
\n
Canada is the eighth largest gold producing country, with a gold output of 102t in 2012, five percent more than in 2011. The country’s share in global gold output in 2012 was 3.8%.
\n
The gold mines in the country are mostly located in Ontario. Goldcorp operates the Red Lake gold mine, which is the largest gold producing mine in the country. Canada held 1.8% of global gold reserve as of December 2012.
\n
Indonesia
\n
Indonesia ranks as the ninth largest gold producing country in the world. It produced 95t of gold in 2012, which comprises of 3.5% of the global production during the year. The country’s gold production in 2011 was 96t. The decline in gold production was due to the illegal mining and political unrest in the country.
\n
The world’s biggest gold mine Grasberg, with an estimated gold reserve of 70.96Moz, resides in Indonesia. Freeport McMoRan, Newcrest and Newmont are the major mining companies operating in the country. Indonesia contained 5.8% of the global gold reserves as of December 2012.
\n
Uzbekistan
\n
Uzbekistan is the tenth largest gold producing country, with a production of 90t of gold in 2012. Muruntau open pit mine, one of the largest gold mines in the world, contributes around 70% of the country’s annual gold production.
\n
The state-owned Navoi Mining and Metallurgical Combinat (NMMC) is the dominant gold producing company in the country. There are more than 40 gold deposits in Uzbekistan. Estimated gold reserves of the country stand at 1,700t.
Indonesia is home to the world’s biggest gold mine while South Africa, which houses the majority of the deepest mines in the world, also hosts two of the top 10 largest gold mines.
\n\t \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n",
+ "page_last_modified": ""
+ },
+ {
+ "page_name": "10 largest gold producing countries in the world",
+ "page_url": "https://www.zeebiz.com/web-stories/markets/commodities/10-largest-gold-producing-countries-in-the-world-highest-gold-production-china-usa-australia-1687507969663",
+ "page_snippet": "With the production of 220 Mt, Ontario, and Quebec are the largest gold-producing provinces in the country. With the production of 170 MT, the output of the United States is showing a continuous downfall \u00b7 With a production of 120 MT, Mexico is a notable producer of gold.With the production of 220 Mt, Ontario, and Quebec are the largest gold-producing provinces in the country. With the production of 170 MT, the output of the United States is showing a continuous downfall \u00b7 With a production of 120 MT, Mexico is a notable producer of gold. With the production of 320 MT, Russia\u2019s gold production is rising rapidly and it has the second-largest gold reserves after Australia. With the production of 220 Mt, Ontario, and Quebec are the largest gold-producing provinces in the country. With the production of 330 Metric Tons (MT), China is the world\u2019s largest producer of gold and is maintaining its position for more than a decade.",
+ "page_result": "10 largest gold producing countries in the world
Jun 23, 2023, 02:01 PM IST
10 largest gold producing countries in the world
ZeeBiz Webdesk
China
With the production of 330 Metric Tons (MT), China is the world\u2019s largest producer of gold and is maintaining its position for more than a decade.\u00a0\n
Australia
With the production of 320 MT, Australia is increasing its gold production with 5 top gold-producing mines in 5 different states.\n
Russia
With the production of 320 MT, Russia\u2019s gold production is rising rapidly and it has the second-largest gold reserves after Australia.\n
Canada
With the production of 220 Mt, Ontario, and Quebec are the largest gold-producing provinces in the country.\n
United States of America
With the production of 170 MT, the output of the United States is showing a continuous downfall\n
Mexico
With a production of 120 MT, Mexico is a notable producer of gold.\n
Kazakhstan
With a production of 120 MT, Kazakhstan shows a recent peak in its production of gold output.\n
South Africa
With a production of 110 MT, South Africa has one-tenth of the global gold reserves and it has been one of the top gold producers in the world for decades.\n
Peru
With the production of 100 MT, Peru has shown a recent rise in gold production, but it still has an issue of illegal gold production.\n
Uzbekistan
With the production of 100 MT, Uzbekistan\u2019s gold mine is considered one of the largest open-pit mines in the world.\u00a0
Click To More..",
+ "page_last_modified": ""
+ },
+ {
+ "page_name": "10 Largest Producers of Gold by Country (Updated 2024)",
+ "page_url": "https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/top-gold-producing-countries/",
+ "page_snippet": "China, Australia and Russia are the largest producers of gold in the world, but which countries round out the list? Find out here.The country's output has risen fairly significantly since 2017, when it produced only 255 MT of gold. The US Geological Survey states that Russian gold reserves stand at 11,100 MT, making it the second largest country for reserves after Australia. However, despite high production and reserves, Russian gold has had problems reaching world markets since the country's invasion of Ukraine in February 2022. Ontario and Quebec are the largest gold-producing provinces in the country; together, they represent more than 70 percent of Canada\u2019s gold output. The Canadian government states that gold is the nation\u2019s most valuable mined commodity, with domestic exports reaching C$22.34 billion worth of the precious metal in 2022. Kazakhstan's 2023 gold output of 130 MT represents continued growth in the country's production of the yellow metal, up from just 69 MT produced in 2016. Kazakhstan\u2019s largest gold-mining operation is the Altyntau Kokshetau mine, which is owned by mining giant Glencore (LSE:GLEN,OTC Pink:GLCNF). In 2023, South Africa produced 100 MT of gold, up from 89 MT in 2022. An estimated one-tenth of global gold reserves are located in the country, and its Witwatersrand Basin is one of the largest gold resources in the world.",
+ "page_result": "10 Largest Producers of Gold by Country (Updated 2024)
The gold price has tracked higher in the past few years, sparking interest in the biggest producers.
Gains for the precious metal have come against a backdrop of turmoil caused by the COVID-19 pandemic, geopolitical conflicts and rising interest rates as nations try to battle high levels of inflation.
These circumstances have prompted some investors to add gold to their portfolios as a safe-haven asset. In particular, central banks have emerged as strong buyers of the yellow metal, lending support to its price.
So which countries are producing the most gold? Here the Investing News Network outlines which nations mined the most of the yellow metal in 2023 using the latest output numbers from the US Geological Survey. The organization notes that global gold production totaled 3,000 metric tons (MT) last year, down 60 MT from 2022.
\n \n 1. China\n \n \n
Mine production: 370 MT
While China's gold output peaked at 455 MT in 2016, it hasn\u2019t dipped below 300 MT in more than a decade. This consistent production continues to ensure the Asian nation's status as the world's top gold producer.
Despite encouraging foreign investment through the late 1990s and early 2000s, China's gold-mining industry is dominated by state-owned operators. Some of the largest companies include China Gold International Resources (TSX:CGG,HKEX:2099), Shandong Gold (HKEX:1787) and Zijin Mining Group (HKEX:2899).
China also hosts major gold-smelting operations. Its Belt and Road Initiative has resulted in Chinese companies exploring and developing sites elsewhere in Asia and Africa, subsequently sending raw resources back to China for refinement.
In addition to being the top producer of gold in 2023, China\u2019s central bank was the largest buyer of the precious metal, adding 225 MT to its coffers during the year to bring its total to 2,235 MT.
\n \n 2. Australia\n \n \n
Mine production: 310 MT
Australia's 2023 gold production was largely on par with last year, dipping from 314 MT down to 310 MT.
Gold is mined at a slew of major operations in the country, with the top five gold mines all located in different states. The top-producing mine is top producer Newmont's (TSX:NGT,NYSE:NEM) Boddington mine in Western Australia, which produced 589,000 ounces through the first three quarters of 2023.
Hosting the world\u2019s largest gold reserves at 12,000 MT, Australia has an important role in the global supply of the yellow metal. It contributed AU$24 billion to the Australian economy in the 2022/2023 period.
\n \n 2. Russia\n \n \n
Mine production: 310 MT
Gold production from Russia came in at 310 MT in 2023, the same as the prior year. The country's output has risen fairly significantly since 2017, when it produced only 255 MT of gold.
The US Geological Survey states that Russian gold reserves stand at 11,100 MT, making it the second largest country for reserves after Australia. However, despite high production and reserves, Russian gold has had problems reaching world markets since the country's invasion of Ukraine in February 2022. In response, Russian operators have sought out alternative markets, particularly the BRICS nations and other Asian countries like Kazakhstan.
\n \n 4. Canada\n \n \n
Mine production: 200 MT
For 2023, gold production in Canada was down a marginal 6 MT from 2022. Canada's gold output has been on the rise in recent years, moving up consistently from 175 MT in 2019.
Ontario and Quebec are the largest gold-producing provinces in the country; together, they represent more than 70 percent of Canada\u2019s gold output. The Canadian government states that gold is the nation\u2019s most valuable mined commodity, with domestic exports reaching C$22.34 billion worth of the precious metal in 2022.
Additionally, BC's Golden Triangle is a hotbed for exploration. The region hosts Newmont's Brucejack gold mine and Red Chris copper-gold mine, the latter of which is a 70/30 joint venture with Imperial Metals (TSX:III,OTC Pink:IPMLF). Junior companies like Goliath Resources (TSXV:GOT,OTCQB:GOTRF) have also made significant\u00a0discoveries in the region, which has further fueled optimism about the region's potential.
\n \n 5. United States\n \n \n
Mine production: 170 MT
In 2023, the US produced 170 MT of gold, down slightly from the 173 MT it produced in 2022. While that is a marginal decrease, it continues a trend of production declines from 2017, when the US produced 237 MT of gold.
According to the US Geological Survey, the top state for production of the yellow metal was Nevada, which accounted for 73 percent of total domestic production, followed by Alaska with 13 percent. The top 27 operations in the country were responsible for 97 percent of American gold output in 2023.
An assessment of US gold resources shows that the country has approximately 33,000 MT of gold in identified and undiscovered resources. The US Geological Survey notes that close to a quarter of the gold in undiscovered resources can be found in copper porphyry deposits. Gold reserves in the US are estimated at 3,000 MT.
\n \n 6. Kazakhstan\n \n \n
Mine production: 130 MT
Kazakhstan's 2023 gold output of 130 MT represents continued growth in the country's production of the yellow metal, up from just 69 MT produced in 2016. Kazakhstan\u2019s largest gold-mining operation is the Altyntau Kokshetau mine, which is owned by mining giant Glencore (LSE:GLEN,OTC Pink:GLCNF).
In August 2023, Anglo-Russian company Polymetal International (AIX:POLY), one of Kazakhstan's largest producers, delisted from the London Stock Exchange in a move geared at severing the link between its Kazakhstan and Russian subsidiaries; it did so in response to tensions resulting from Russia's invasion of Ukraine. It remains listed on the Astana International Exchange in Kazakhstan and has major operations in the country.
\n \n 7. Mexico\n \n \n
Mine production: 120 MT
Mexico has a long history of gold production; in fact, the Spanish colonization of Central America in the early and mid-1500s was largely targeting gold and silver. Today, Mexico is among the global leaders in gold production, extracting 120 MT in 2023. Precious metals account for 50 percent of the country\u2019s total metal output.
While much of Mexico's gold output is controlled by foreign entities, one of the largest operations, the Herradura mine \u2014 owned by Mexico City-based Fresnillo (LSE:FRES,OTC Pink:FNLPF) \u2014 produced 355,485 ounces of gold, or about 10.08 MT, in the company's 2023 fiscal year. The mine represents more than half of Fresnillo\u2019s gold production and generates about a quarter of the company's total adjusted revenue.
\n \n 8. Indonesia\n \n \n
Mine production: 110 MT
The mining industry is one of Indonesia\u2019s most important sectors, and the country is among the world\u2019s top producers of nickel, copper and gold. In 2023, the country produced an estimated 110 MT of gold, up 5 MT over the prior year.
Indonesia is home to several large gold operations. The largest is the Grasberg Mining District, a joint venture between Freeport-McMoRan (NYSE:FCX) and Indonesia\u2019s state-owned Indonesia Asahan Aluminium. In 2023, the area produced 1.98 million ounces of gold, or 56.1 MT; it has an estimated 23.9 million ounces contained in mineral reserves.
\n \n 9. South Africa\n \n \n
Mine production: 100 MT
In 2023, South Africa produced 100 MT of gold, up from 89 MT in 2022. An estimated one-tenth of global gold reserves are located in the country, and its Witwatersrand Basin is one of the largest gold resources in the world.
South Africa has been a top gold producer for decades, but between 1980 and 2018 the nation\u2019s gold output fell by 85 percent. In recent years, South Africa has been the site of conflicts between the Association of Mineworkers and Construction Union (AMCU) and gold producers in the area. The AMCU has held many protests and strikes at several gold and platinum mines in the hopes of garnering more wages and stopping any mergers that could cause job losses.
Power outages have been creating further strife for South Africa's gold industry. Limited power generation in the country has caused rolling blackouts, including for miners, the majority of which are connected to the nation's power grid.
\n \n 10. Uzbekistan\n \n \n
Mine production: 100 MT
Gold has been mined in Uzbekistan since its discovery in the 1950s. Following the fall of the Soviet Union in 1991, mining for the yellow metal fell to its all-time lows in the mid-1990s. In 2019, the country\u2019s government announced renewed investment into development and exploration, with the goal of more than doubling its gold production by 2022 and significantly increasing its reserves. However, Uzbekistan has maintained an output of 100 MT over the past few years.
Operated by Navoi Mining and Metallurgical Company, Uzbekistan's Muruntau gold mine is one of the largest gold operations in the world. Massive deposits of gold were first discovered at the site in the 1950s, and it still holds some of the largest reserves in the world at 4,500 MT. The mine produces more than 2.5 million ounces of gold per year and is expected to continue operating into the 2030s.
FAQs for gold investing
\n \n Which country has the most gold?\n \n \n
Australia holds the world's largest gold reserves at 8,400 MT, followed by Russia at 6,800 MT.
\n \n Which nation is the largest owner of gold?\n \n \n
The country with the largest central bank gold reserves is the US, which had 8,133.5 MT as of September 2022. Most US central bank gold is held in deep storage in Denver, Fort Knox and West Point.
\n \n How much gold is mined each year?\n \n \n
Gold production is fairly consistent. In 2022, gold mine production worldwide came in at approximately 3,100 MT, which is nearly on par with the gold mined each year since 2016.
\n \n How is gold mined?\n \n \n
Gold is mined by several different methods, including: placer mining, hard-rock mining, by-product mining and by processing gold ore. The method a gold-mining company chooses depends upon the size, location, geological model and metallurgy of the deposit in question.
\n \n What is the production cost of gold?\n \n \n
The cost of producing gold varies from one miner to the next, and is reported as the all-in sustaining cost (AISC). AISC was first introduced in 2013 by the World Gold Council. Deposit type, energy costs and inflation are the factors that have the largest impact on AISC. The average AISC for the entire gold industry is calculated by averaging the production costs of the largest gold producers. The average AISC fluctuates with changes in energy costs and inflation.
Don\u2019t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Dean Belder, currently hold no direct investment interest in any company mentioned in this article.
\nDean has been writing in one form or another since penning stage plays in his youth. He is a graduate of both Emily Carr University and Simon Fraser University, with a BFA in photography and a BA in communications.
\nAs a writer, Dean has traveled throughout BC and the Pacific Northwest covering cultural events, interviewing small business owners and working alongside fellow writers and photographers from publications like Rolling Stone Magazine, Spin and the Georgia Straight.
\nDean has a keen interest in investing, and enjoys learning about the mining industry and better understanding the technical aspects of trading. In his spare time, Dean is an avid home chef, ponders the space-time continuum and makes his own cider. On weekends he can be found cycling the Seawall, exploring farmers markets or sampling the city\u2019s local craft breweries.
Investing News Network websites or approved third-party tools use cookies. Please refer to the\u00a0cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.\u00a0
\nDean has been writing in one form or another since penning stage plays in his youth. He is a graduate of both Emily Carr University and Simon Fraser University, with a BFA in photography and a BA in communications.
\nAs a writer, Dean has traveled throughout BC and the Pacific Northwest covering cultural events, interviewing small business owners and working alongside fellow writers and photographers from publications like Rolling Stone Magazine, Spin and the Georgia Straight.
\nDean has a keen interest in investing, and enjoys learning about the mining industry and better understanding the technical aspects of trading. In his spare time, Dean is an avid home chef, ponders the space-time continuum and makes his own cider. On weekends he can be found cycling the Seawall, exploring farmers markets or sampling the city\u2019s local craft breweries.
\r\n\r\n \r\n\r\n \r\n \r\n \r\n\r\n \r\n \r\n\r\n\r\n\r\n",
+ "page_last_modified": " Wed, 28 Feb 2024 01:50:29 GMT"
+ },
+ {
+ "page_name": "Top five countries with the largest gold mine reserves in the world",
+ "page_url": "https://www.nsenergybusiness.com/news/largest-gold-reserves/",
+ "page_snippet": "Australia is way out in front as the country with the largest gold mine reserves in the world at 10,000 tonnes. The nation was the second-largest gold producer behind China in 2019, after ramping up its production levels to 330 tonnes from 315 tonnes in 2018.Australia and South Africa are just two of the five countries with the largest gold mine reserves in the world. Usage of the metal dates back at least 5,000 years to Ancient Egyptian times, where it was used to decorate tombs, temples and other objects. In modern day society, gold is used for various purposes, including monetary uses, jewellery and electronics. But, with gold mine production falling by 1% from 2018\u2019s figures to 3,531 tonnes in 2019, according to the World Gold Council, the concept of peak gold \u2013 when the world has mined the highest possible amount of the metal it can in any one year \u2013 may not be far away. But, with gold mine production falling by 1% from 2018\u2019s figures to 3,531 tonnes in 2019, according to the World Gold Council, the concept of peak gold \u2013 when the world has mined the highest possible amount of the metal it can in any one year \u2013 may not be far away. Here, NS Energy notes the five countries with the largest gold mine reserves as of 2020, according to data from the US Geological Survey (USGS). Australia is way out in front as the country with the largest gold mine reserves in the world at 10,000 tonnes. The nation was the second-largest gold producer behind China in 2019, after ramping up its production levels to 330 tonnes from 315 tonnes in 2018. The nation was the second-largest gold producer behind China in 2019, after ramping up its production levels to 330 tonnes from 315 tonnes in 2018. It is home to some of the biggest gold deposits in the world, with Newcrest\u2019s Cadia Valley mine in New South Wales the largest facility of its type in the country.",
+ "page_result": "\n\n\n \n \n \n\n\n\t\n\tTop five countries with the largest gold mine reserves in the world\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\t\n\t\t\n\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n \n \n \n \n \n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n \n\n\n\n\n\n\n \n \n \n\n\n
We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.
In modern day society, gold is used for\u00a0various purposes, including monetary uses, jewellery and electronics (Credit: Shutterstock/TTstudio)
\t\t\t\t\t\t\t\t\t\t\t
Australia and South Africa are just two of the five countries with the largest gold mine reserves in the world.
\n
Usage of the metal dates back at least 5,000 years to Ancient Egyptian times, where it was used to decorate tombs, temples and other objects.
\n
In modern day society, gold is used for\u00a0various purposes, including monetary uses, jewellery and electronics.
\n
But, with gold mine production falling by 1% from 2018\u2019s figures to 3,531 tonnes in 2019, according to the World Gold Council, the concept of peak gold \u2013 when the world has mined the highest possible amount of the metal it can in any one year \u2013 may not be far away.
Top five countries with the largest gold mine reserves in the world
\n
1. Australia – 10,000 tonnes
\n
Australia is way out in front as the country with the largest gold mine reserves in the world at 10,000 tonnes.
\n
The nation was the second-largest gold producer behind China in 2019, after ramping up its production levels to 330 tonnes from 315 tonnes in 2018.
\n
It is home to some of the biggest gold deposits in the world, with Newcrest\u2019s Cadia Valley mine in New South Wales the largest facility of its type in the country.
Russia is ranked second on the USGS\u2019s list of the countries with the biggest gold mine reserves in the world with 5,300 tonnes \u2013 nearly half the amount of Australia.
\n
While it remained the third-highest producer of the metal in 2019, its output dipped slightly to 310 tonnes from 311 tonnes in 2018.
\n
Polyus Gold\u2019s Olimpiada gold mine\u00a0in the Krasnoyarsk region of Eastern Siberia, Russia, is the third-largest operational gold deposit in the world.
\n
It has 24 million ounces of proven and probable reserves, with up to 39 million ounces in measured, indicated and inferred mineral resources.
\n
\n
3. South Africa – 3,200 tonnes
\nSouth Africa is home to Gold Field\u2019s South Deep gold mine, which is the largest facility of its kind in the world (Credit: Gold Fields)\n
In third-place on the list of biggest gold mine reserves is South Africa with 3,200 tonnes.
\n
Up until 2006, it was the largest gold-producing country in the world \u2013 and in 1970, it produced the highest-ever production levels of the metal at 995 tonnes.
\n
But it has now slipped down to being just the 12thbiggest gold producer, after its output dropped from 117 tonnes in 2018 to 90 tonnes in 2019.
\n
South Africa is home to Gold Field\u2019s South Deep gold mine, which is the largest facility of its kind in the world with 32.8 million ounces of mineral reserves.
\n
\n
4. US – 3,000 tonnes
\n
The US is the country with the fourth-largest gold mine reserves in the world at 3,000 tonnes.
\n
Despite its production levels falling from 226 tonnes in 2018 to 200 tonnes in 2019, it is still the fourth-largest producing nation of the metal.
\n
Newmont\u2019s Carlin Trend mine in Nevada is the sixth-largest gold facility in the world, while Barrick\u2019s Cortez mine, which is also in Nevada, comes in 10thon the list.
\n
\n
5. Indonesia – 2,600 tonnes
\n
Indonesia ranks in fifth-place on the list of the countries with the biggest gold mine reserves in the world with 2,600 tonnes.
\n
It is the sixth-largest producer of the metal in the world, after its output grew significantly from 135 tonnes in 2018 to 160 tonnes in 2019.
\n
Freeport\u2019s Grasberg mine in the Papua province is the second-biggest operational gold deposit in the world and produced 2.69 million ounces of the metal in 2018.
![\"MT\"](\"https://www.mining-technology.com/wp-content/uploads/sites/19/2017/09/MT.png\")
\n ![\"\"](\"https://www.mining-technology.com/wp-content/uploads/sites/19/2017/10/main-1187.jpg\")
\n\t\t\t\t\t\t![\"China](\"https://www.mining-technology.com/wp-content/uploads/static-progressive/Largest%20gold%20producing%20countries%20TOP.jpg\" "\\"China")
![\"\"](\"/wp-content/themes/goodlife-wp-B2B/assets/images/company-profile-unit.png\")
\n ![\"Mining](\"https://www.mining-technology.com/wp-content/uploads/static-progressive/LinkedIn-energy-features%20(2).gif\")
![\"Email](\"/wp-content/themes/goodlife-wp-B2B/assets/images/newsletter-new.svg\")
\n ![\"ReportsLogo\"](\"https://pr-fr-json-b2b-gdm-figaro1.pantheonsite.io/pharmaceutical-technology/wp-content/themes/goodlife-wp-B2B/assets/img/report.png\"\n)
\n \n \n \n \n \n\n![\"\"](\"https://www.mining-technology.com/wp-content/uploads/sites/19/2024/02/mining-1-img-6-1024x576.jpg\")
\n ![\"\"](\"https://www.mining-technology.com/wp-content/uploads/sites/19/2024/02/quarry-7703096_19202-1024x683.jpg\")
\n ![\"\"](\"https://www.mining-technology.com/wp-content/uploads/sites/19/2024/02/FS-4-Img-1-1024x576.jpg\")
\n ![\"\"](\"https://www.mining-technology.com/wp-content/uploads/sites/19/2024/02/Mining-2-Img-5-1024x576.jpg\")
\n ![\"\"](\"/wp-content/themes/goodlife-wp-B2B/assets/images/icons/catfish-icon.svg\"){kind=icon}
\n ![\"gold](\"https://investingnews.com/media-library/gold-map-of-the-world-over-black-background.jpg?id=33277581&width=1200&height=800&quality=85&coordinates=0%2C0%2C0%2C0)
![\"Dean](\"https://investingnews.com/media-library/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy81MDU3MTc1OC9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTc3MTA1Njg0OH0.1zJs5qXjJqGTsGcfOaa90cyAcJvDghPyRybhNzshAXE/image.jpg?width=210\")
![](\"https://investingnews.com/media-library/image.jpg?id=27864595&width=980\")
![\"\"/](\"https://investingnews.com/media-library/image.png?id=32207559&width=980\")
![](\"https://investingnews.com/media-library/image.png?id=30069300&width=980\")
![\"\"/](\"https://investingnews.com/media-library/image.png?id=51268364&width=980\")
![\"\"/](\"https://investingnews.com/media-library/image.png?id=32768180&width=980\")
![\"\"/](\"https://investingnews.com/media-library/image.png?id=51029140&width=980\")
![\"IndexMundi\"](\"/img/logo.gif\"){kind=logo}
![\"Quantcast\"](\"//pixel.quantserve.com/pixel/p-faY0WvYrqielI.gif\")
\r\n \r\n\r\n\r\n\r\n",
+ "page_last_modified": " Wed, 28 Feb 2024 01:50:29 GMT"
+ },
+ {
+ "page_name": "Top five countries with the largest gold mine reserves in the world",
+ "page_url": "https://www.nsenergybusiness.com/news/largest-gold-reserves/",
+ "page_snippet": "Australia is way out in front as the country with the largest gold mine reserves in the world at 10,000 tonnes. The nation was the second-largest gold producer behind China in 2019, after ramping up its production levels to 330 tonnes from 315 tonnes in 2018.Australia and South Africa are just two of the five countries with the largest gold mine reserves in the world. Usage of the metal dates back at least 5,000 years to Ancient Egyptian times, where it was used to decorate tombs, temples and other objects. In modern day society, gold is used for various purposes, including monetary uses, jewellery and electronics. But, with gold mine production falling by 1% from 2018\u2019s figures to 3,531 tonnes in 2019, according to the World Gold Council, the concept of peak gold \u2013 when the world has mined the highest possible amount of the metal it can in any one year \u2013 may not be far away. But, with gold mine production falling by 1% from 2018\u2019s figures to 3,531 tonnes in 2019, according to the World Gold Council, the concept of peak gold \u2013 when the world has mined the highest possible amount of the metal it can in any one year \u2013 may not be far away. Here, NS Energy notes the five countries with the largest gold mine reserves as of 2020, according to data from the US Geological Survey (USGS). Australia is way out in front as the country with the largest gold mine reserves in the world at 10,000 tonnes. The nation was the second-largest gold producer behind China in 2019, after ramping up its production levels to 330 tonnes from 315 tonnes in 2018. The nation was the second-largest gold producer behind China in 2019, after ramping up its production levels to 330 tonnes from 315 tonnes in 2018. It is home to some of the biggest gold deposits in the world, with Newcrest\u2019s Cadia Valley mine in New South Wales the largest facility of its type in the country.",
+ "page_result": "\n\n\n \n \n \n\n\n\t\n\t![\"\"](\"https://www.nsenergybusiness.com/wp-content/uploads/sites/3/2018/02/NS_Energy_logo_new-1.png\"){kind=logo}
\n ![\"Largest](\"https://www.nsenergybusiness.com/wp-content/uploads/sites/3/2020/11/shutterstock_268734875.jpg\")
\n\t\t\t\t\t\t\t\t\t\t\t![\"\"](\"https://www.nsenergybusiness.com/wp-content/uploads/sites/3/2020/11/Untitled-design-37.png\")