World’s Top 10 Gold Mining Nations and Peak Gold

According to the latest GFMS Q4 Gold update and survey, the top 10 gold producing nations for 2015 were as follows (the figures are estimats so the total production figures may yet be subject to adjustment as further data comes in):

Top 10 Gold Producing Nations (tonnes) – 2015 (Estimated) (GFMS)

Rank Country 2014 2015 E Change YOY
1. China 447.8 456.5 +2%
2. Australia 274.0 277.0 +1%
3. Russia 262.2 256.7 -2%
4. USA 209.2 213.8 +2%
5. Peru 173.0 173.3 0%
6. Canada 151.2 152.1 +1%
7. South Africa 163.7 148.9 -9%
8. Indonesia 116.4 133.6 +15%
9. Mexico 117.8 123.4 +5%
10. Ghana 107.4 94.5 -12%
Rest of World 1096.7 1096.3 0%
Global Total 3119.4 3126.2 0%

Source: GFMS, Thomson Reuters

While the figures show that global gold production increased again in 2015, it was only by an almost infinitesmal 0.2% and the precious metals consultancy saw a significant downturn beginning in Q4 and reckons the trend towards lower global new mined gold output has at last started to kick in, and that this trend will continue.  This suggests that Peak Gold may well have been reached in Q3 2015.  To read more on this click on World’s Top 10 Gold producers – Peak Gold already here?

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