Table of Contents
1. China
2. Russia
3. Australia
4. Canada
5. United States
Jakarta, hitclubapk3 Indonesia
—
Who doesn’t want to have one
gold
, a valuable commodity throughout the world.Many countries are increasing their gold reserves.
Even gold mining is the pride of a country.
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Like China, which recently discovered its first underwater gold reserves and the largest in Asia.
The gold reserves were discovered off the coast of Laizhou, Yantai City in Shandong Province.According to the South China Morning Post, this new discovery increases the total proven gold reserves in Laizhou to more than 3,900 tons or the equivalent of around 137 million ounces of gold.
This figure accounts for around 26 percent of China’s total national gold reserves, making Laizhou the region with the largest gold reserves and production in the entire country.So, which countries own the largest gold mines in the world?
1. China
This bamboo curtain country has the largest gold mines in the world, with total production reaching 380 metric tons every year.
One of them is the Shaxi mine, an underground mine located in Anhui.This mine is owned by the Tongling Nonferrous Metals Group and will produce around 649.18 thousand ounces of gold in 2023, citing the mining-technology.com page.
There are more than 1352 gold mines operating worldwide, 117 of which are in China.
2. Russia
Russian gold production is recorded at 310 MT on average every year.Since 2017, Russian gold production has experienced significant growth, supported by large mines such as Olimpiada.
Russia has 96 gold mines.One of them is the Olimpiada mine, a surface mine located in Krasnoyarsk Krai.The mine is owned by Polyus and produces approximately 1.17 million ounces of gold in 2023.
3. Australia
This country, which is not far from Indonesia, will produce around 280-310 tons of gold in 2023-2024, dominated by large mines such as Newmont Boddington (Newmont) and Cadia Valley.
Abundant gold reserves and a long mining history dating back to the 1890s.
Newmont Boddington, for one, is a world-class gold and copper mining company located within the Saddleback greenstone belt in Western Australia, approximately 130 kilometers southeast of Perth and 16 kilometers from the rural farming town of Boddington and situated on 33,000 hectares of land.
4. Canada
Canada’s gold production is stable at around 200-223 tons per year, making it the 4th largest producer in the world.The main gold producing provinces are Ontario and Quebec, accounting for more than 70% of national production.
One of the largest is the Canadian Malartic mine, an open-pit gold mine located in Quebec.Developed by Osisko Mining, the mine is currently owned and operated by the Canadian Malartic General Partnership, which was formed from Agnico Eagle Mines (50%) and Yamana Gold (50%).
The mine was developed over six years following first exploration drilling in 2005. The mine produced its first gold production in April 2011 and began commercial production in May 2011.
5. United States
The country led by Donald Trump is capable of producing 158-160 tonnes in 2024, down from 170 tonnes in 2023. The state that owns the largest mine is Nevada (around 70%), followed by Alaska.
One of the largest is the Nevada Gold Mines joint venture, which has been mining gold for more than 50 years along a 100-mile corridor in the northern part of the state.
Nevada Gold Mines’ assets include 10 underground and 12 open pit mines, two autoclave facilities, two roasting facilities, four oxide plants, one flotation plant, and five heap leach facilities.The joint venture consists of Cortez, Carlin, Turquoise Ridge, Phoenix and Long Canyon assets.
In 2024 the company opened the Goldrush project, which produced 130,000 ounces of gold.
How is Indonesia?Even though it is not in the top 5, Indonesia is in the top 10 with an average annual production of 100 tons.The largest gold mine is Grasberg in Papua.
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