As the global demand for gold continues to soar, many countries around the world are stepping up their production in order to meet the changing needs of the world’s biggest consumers. These top 10 producers now account for a whopping 330 tonnes of gold produced per year, representing approximately 78.9% of the world’s total gold production. Here are the 10 largest producers of gold by Country according to a report on updated 2023 data.
China is the world’s largest producer of gold, accounting for approximately 17.9% of global production in 2021 with a whopping 430 metric tonnes produced. Interestingly, China’s production has increased dramatically since 2003, jumping over 876% from the 48 metric tonnes of gold produced that year. Though Chinese gold mines are largely found in the region’s major urban centers, the majority of production comes from the Panxi and Ertan mining regions, both of which are located in the Sichuan Province.
Australia comes in second for gold production, accounting for roughly 10% of total gold produced with around 270 metric tonnes produced per annum. Australia’s gold production has surged over the last 15 years, up 24% since 2003 when the country produced 217 tonnes of gold. Much of Australia’s gold is produced in two of its major goldfields, the Great Victoria and Great Queensland, both of which are located in the south of the country.
The United States is third in terms of global gold production, producing 245 metric tonnes in 2021. The U.S. has consistently been near the top of the producers list since as far back as 1824, and today gold mining takes place primarily in Nevada, which accounts for 74% of the country’s gold production.
Russia is fourth, producing 225 metric tonnes of gold in 2021. Russia has been among the top gold producers for decades, and particularly since the fall of the Soviet Union. Much of its gold is produced in the Krasnoyarsk region and the Krasnokamena region in eastern Siberia, both of which are home to some of the biggest gold reserves in the world.
The fifth-largest producer of gold is South Africa, producing 180 metric tonnes of gold each year. South Africa has been a major player in global gold production since the discovery of gold in the Transvaal region in 1886. The country’s gold production today primarily comes from the areas surrounding Johannesburg, which is one of the world’s biggest gold mining hubs.
Canada completes the list of the top ten gold producers, producing 110 metric tonnes in 2021. Canada has been a major gold producer since 1857, and today mostly produces gold from the provinces of Ontario and Quebec, both of which are home to some of the biggest gold deposits in the country.
As the global demand for gold continues to soar, many countries around the world are stepping up their production in order to meet the changing needs of the world’s biggest consumers. These top 10 producers now account for a whopping 330 tonnes of gold produced per year, representing approximately 78.9% of the world’s total gold production. Here are the 10 largest producers of gold by Country according to a report on updated 2023 data.
China is the world’s largest producer of gold, accounting for approximately 17.9% of global production in 2021 with a whopping 430 metric tonnes produced. Interestingly, China’s production has increased dramatically since 2003, jumping over 876% from the 48 metric tonnes of gold produced that year. Though Chinese gold mines are largely found in the region’s major urban centers, the majority of production comes from the Panxi and Ertan mining regions, both of which are located in the Sichuan Province.
Australia comes in second for gold production, accounting for roughly 10% of total gold produced with around 270 metric tonnes produced per annum. Australia’s gold production has surged over the last 15 years, up 24% since 2003 when the country produced 217 tonnes of gold. Much of Australia’s gold is produced in two of its major goldfields, the Great Victoria and Great Queensland, both of which are located in the south of the country.
The United States is third in terms of global gold production, producing 245 metric tonnes in 2021. The U.S. has consistently been near the top of the producers list since as far back as 1824, and today gold mining takes place primarily in Nevada, which accounts for 74% of the country’s gold production.
Russia is fourth, producing 225 metric tonnes of gold in 2021. Russia has been among the top gold producers for decades, and particularly since the fall of the Soviet Union. Much of its gold is produced in the Krasnoyarsk region and the Krasnokamena region in eastern Siberia, both of which are home to some of the biggest gold reserves in the world.
The fifth-largest producer of gold is South Africa, producing 180 metric tonnes of gold each year. South Africa has been a major player in global gold production since the discovery of gold in the Transvaal region in 1886. The country’s gold production today primarily comes from the areas surrounding Johannesburg, which is one of the world’s biggest gold mining hubs.
Canada completes the list of the top ten gold producers, producing 110 metric tonnes in 2021. Canada has been a major gold producer since 1857, and today mostly produces gold from the provinces of Ontario and Quebec, both of which are home to some of the biggest gold deposits in the country.
