Gold leading companies by production worldwide 2022 | Statista (2024)

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Gold leading companies by production worldwide 2022 | Statista? ›

1. China. Once again, China was the largest producer of gold in the world, mining 330 MT in 2022, nearly on par with 2021's 329 MT. The country has held its top position for more than a decade.

1. China. Once again, China was the largest producer of gold in the world, mining 330 MT in 2022, nearly on par with 2021's 329 MT. The country has held its top position for more than a decade.

Leading gold producing companies worldwide 2022

The U.S.-Canadian mining company Newmont was the world's largest gold producing company in 2022, with total production amounting to nearly 5.96 million ounces of gold.

Newmont (NEM), the world's biggest gold mining company, acquired Australia-based rival Newcrest Mining Ltd. for $19.2 billion in the industry's biggest deal to date.

China, Australia, Russia, and Canada are respectively the largest producers of gold in the world, as of 2022. Global production of gold reached approximately 3,100 metric tons that year.

Carlin Mine in Nevada, was the largest gold-producing mine in United States, producing approximately 1,333 thousand ounces of gold and an estimated 16.2 million metric tons per annum (mmtpa) of Run-of-Mine (ROM) in 2021.

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.

In addition to Franco-Nevada Corporation (NYSE:FNV), Royal Gold, Inc. (NASDAQ:RGLD), and Wheaton Precious Metals Corp. (NYSE:WPM), Seabridge Gold Inc. (NYSE:SA) is one of the best gold stocks to buy.

The three most important gold trading centres are the London OTC market, the US futures market and the Shanghai Gold Exchange (SGE).

Who is the biggest gold distributor? ›

Best Comprehensive Offering APMEX (American Precious Metals Exchange) With more than 46,000 products to offer, APMEX (the largest online precious metals dealer globally) makes our list as the online gold dealer with the best comprehensive offering.

The three countries of the world that are the largest gold producers are- China, Australia, Russia.

1^st place: Muruntau mine, Uzbekistan

These unusual expanse is due to the nature of the gold deposits, located primarily in concentrated accumulations of quartz rock, so-called veins. The output of the Muruntau mine was over 51 tons in 2010, increased to more than 62 tons by 2020 and 82 tonnes in 2021.

The country with the purest gold in the world is Switzerland, a country known for paying attention to quality. Below, the precious metals experts from First National Bullion and Coin, the best place to buy gold in Scottsdale, explain why this particular country has an affinity for pure gold.

The Goldstrike in northeast Nevada is the largest gold mine in North America. The mine complex, (including the Betze-Post-Screamer open-pit, and Meikle and Rodeo underground mines) is owned and operated by the world's largest gold mining company, Barrick Gold.

Nevada. Currently the top gold mining state of the US, Nevada is home to three of the world's top 10 gold mines and seven of the top 10 US sites. Nevada's Goldstrike is the top gold mine in the US, followed by the Cortez and Carlin Gold Mines, with all three located in north-central Nevada.

In 2022, the United States was estimated to have some 3,000 metric tons of gold reserves in mines. Thus, the U.S. was one of the leading countries based on mine reserves of gold. Australia is estimated to have the largest gold mine reserves worldwide.

Barrick Gold Corporation's analyst rating consensus is a Moderate Buy. This is based on the ratings of 10 Wall Streets Analysts.

Why is Newmont stock falling? ›

Key Points. Newmont reported earnings that missed analyst expectations. The gold miner produced more gold year over year and sold it for higher prices. Earnings fell short as the company's operating costs rose materially.

Gold is considered a hedge against inflation

Gold and other precious metals have long been considered a smart way to fight inflation. That's because it tends to hold its value and preserve your purchasing power over the long haul, despite fluctuations in the dollar.

REL is the world leader in gold refining in terms of capacity, production, acceptability and brand value.

India is the second largest gold jewellery consumer in the world. In 2021, India bought 611 tonnes of gold jewellery, second only to China (673 tonnes), but comfortably ahead of all other gold-consuming markets, according to the 'Jewellery Demand and Trade' report released by the World Gold Council on January 19, 2023.

All the 4581.5 tonnes of gold in Fort Knox is entirely owned by The U.S. Department of the Treasury. Much of it is stored in standard bars measuring around 180 x 92 x 44mm each, similar to a standard house brick, and weighing 12.5kg.

The New York Fed acts as the guardian and custodian of the gold on behalf of account holders, which include the U.S. government, foreign governments, other central banks, and official international organizations. No individuals or private sector entities are permitted to store gold in the vault.

Investopedia contributors come from a range of backgrounds, and over 24 years there have been thousands of expert writers and editors who have contributed. Warren Buffett does not invest in gold.

Which Central Banks Bought Gold in 2022? In 2022, central banks bought a record 1,136 tonnes of gold, worth around $70 billion. Türkiye, experiencing 86% year-over-year inflation as of October 2022, was the largest buyer, adding 148 tonnes to its reserves.

What industry buys the most gold? ›

Jewellery Demand

Gold jewellery represents the largest source of annual demand for gold per sector.

China is the leader of the most gold buying country. China is the world's top bullion buyer.

The country with the purest gold in the world is Switzerland, a country known for paying attention to quality. Below, the precious metals experts from First National Bullion and Coin, the best place to buy gold in Scottsdale, explain why this particular country has an affinity for pure gold.

Australia and Russia hold the largest reserves of gold

Australia and Russia hold a large share of the world's gold mine reserves, accounting for 8,400 metric tons and 6,800 metric tons, respectively.

What Country Has the Most Gold? The country with the most gold is the United States, with 8,133 metric tons in the American gold reserve. This amounts to a value of $480.84 billion, going by the price of gold at the beginning of January 2023.

New Survey Reveals 10.8% of The American Population Owns Gold, While 11.6% Owns Silver. A new survey highlights what the average American feels towards ownership of the precious metals.