Gold has always been an important aspect of a country's economy and has been sought out by many all over the world. Many countries have strived to maximize their production however gold production varies widely among different nations. Here we have compiled a list of the top 5 gold mining countries to show to you which nations have held the lead in Gold mining in the world. - China - 440 MT
China was the largest producer of gold in the world, mining 440 MT in 2017. China is also the number one consumer of gold, befitting a country whose development has pulled hundreds of millions of people out of poverty. Most mines sit in Shandong Province, located midway between Beijing and Shanghai, and roughly one fifth of output is controlled by the China National Gold Group. China has also held the top spot in the gold production industry for over a decade. - Australia - 300 MT
Gold production in the land down under, had another high-performing year, reaching 300 MT in 2017, up from 290 MT in 2016. The miners in Australia have been working steadily under their barren soils to yield a massive haul and earn second place on the list. Two-thirds of the total comes from mines in Western Australia, based out of Perth. - Russia - 255 MT
Russia's was the third-largest producer of gold in 2017, with its output holding relatively steady at 255 MT. However, the country plans to increase output over the next decade or so. In 2016, it was reported that Russia is planning to raise its annual gold production to 400 MT by 2030. With roughly ? of the world's landmass, it is not surprising that Russia would be littered with gold. Over 5,000 tons are still sitting, mostly untouched, in the far eastern reaches of Siberia and beyond. - United States - 245 MT
US gold production rose in 2017. The US Geological Survey attributes the rise to increases in production from mines in Nevada and Colorado owing to increased average ore grades and ore placement and recoveries, respectively, and to the recent startup of two new mines. Most gold in the country was produced at more than 40 lode mines, several large placer mines in Alaska and a number of smaller placer mines in the Western US. The top 26 operations in the country were responsible for 99 percent of American gold output. - Canada - 180 MT
Gold production in Canada rose noticeably in 2017, allowing the nation to become the fifth-largest producer. Last year, the country reported output of 180 MT of gold compared to 165 MT in 2016. The land of snow, oil, and precious metals. The majority of Canada's gold is from Ontario, specifically Red Lake gold mine. Canada is so patriotic about its gold, in fact, that if you have a few hundred dollars laying around, you can get yourself a Canadian gold coin for several hundred dollars. |
