Top 20 World Gold Producers 2017 – Countries and companies

A couple of tables from articles published on the Sharps Pixley website last week.

The first is from the article : World Top 20 Gold producing nations in 2017 – not peak gold yet!

Top 20 Gold Producing Nations 2016/2017 (Tonnes)

Rank Country 2017 Output 20 16 Output %  Change
1 China 429 464 -7.9%
2 Australia 289 288 +0.5%
3 Russia 272 253 +7.6%
4 USA 244 229 +6.3%
5 Canada 171 163 +5.0%
6 Peru 167 166 +0.3%
7 South Africa 157 163 -3.6%
8 Ghana 130 131 -0.8%
9 Mexico 122 128 -4.7%
10 Indonesia 114 109 +4.8%
11 Brazil 92 97 -5.1%
12 Uzbekistan 89 87 +2,6%
13 Argentina 65 58 +10.9%
14 Papua New Guinea 63 63 -0.1%
15 Kazakhstan 56 53 +7.1%
16 Mali 51 50 +1.2%
17 Tanzania 53.2 55.3 +4%
18 Colombia 49.2 51.8 +5%
19 Philippines 40 40 +0.6%
20 Sudan 40 37 +7.3%
Others 607 508 +3.1%
  Total 3,292 3,275 +0.5%

Source: Metals Focus

and the second looks at the world’s top producing gold miners: Top 20 Global Gold Miners – Newmont narrows the No. 1 gap

Top 20 Gold Mining Companies 2016/2017 (Tonnes) (1 tonne= 32150.7 troy ounces)

Rank Company 2017 Output 2016 Output %  Change
1 Barrick Gold 165.6 171.7 -4%
2 Newmont Mining 163.8 158.1 +4%
3 AngloGold Ashanti 116.8 112.8 +4%
4 Goldcorp 79.9 89.4 -11%
5 Kinross Gold 78.6 83.3 -6%
6 Navoi MMC (est) 75.5 75.5
7 Newcrest Mining 71.1 76.7 -7%
8 Polyus Gold 67.2 61.2 +10%
9 Gold Fields 62.6 63.0 -1%
10 Agnico Eagle Mines 53.3 51.7 +3%
11 Freeport McMoran 49.1 33.8 +45%
12 Shandong Gold 43.9 37.0 +19%
13 Sibanye Gold 43.6 47.0 -7%
14 China National Gold 42.4 42.0 +1%
15 Randgold Resources 40.9 39.0 +5%
16 Zijin Mining 35.8 42.6 -16%
17 Harmony Gold 34.0 33.2 +2%
18 Polymetal 33.5 27.7 +21%
19 Glencore 32.1 31.9 +1%
20 Yamana Gold 30.4 39.5 -23%

Source: Metals Focus,

a third article published on Seeking Alpha looks specifically at the top North American gold mining companies with notes on their individual performance: Mixed Results And Prospects For North America’s Top Gold Miners

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Top 20 mine, mining company and country gold production stats

For reference purposes here are tabulations of the top 20 mines, miners and producing country stats for gold as per the Metals Focus Gold Focus 2015 report:

World’s Top 20 Operating Mines by 2014 production (tonnes Au)

Rank Mine Country Operator 2014 output
1. Muruntau Uzbekistan Navoi 61.0
2. Grasberg* Indonesia Freeport 35.2
3. Pueblo Viejo* Dominican Rep. Barrick 34.5
4. Yanacocha* Peru Newmont 30.2
5. Carlin Ops USA Newmont 28.2
6. Cortez USA Barrick 28.1
7. Goldstrike USA Barrick 28.1
8. Olympiada Russia Polyus 22.6
9. Veladero Argentina Barrick 22.5
10. Boddington Australia Newmont 21.6
11. Kupol Russia Kinross 21.3
12. Lihir Papua New Guinea Newcrest 21.3
13. Kalgoorlie Super Pit Australia Barrick/Newmont 20.3
14. Cadia Valley Australia Newcrest 18.8
15. Oyu Tolgoi* Mongolia Turquoise Hill (Rio) 18.3
16. Lagunas Norte Peru Barrick 18.1
17. Driefontein South Africa Sibanye 17.7
18. Penasquito Mexico Goldcorp 17.7
19. Kumtor Kyrgyzstan Centerra 17.7
20. Tarkwa Ghana Gold fields 17.4

Source:  Metals Focus

For the purposes of the table we have just included the major shareholder as the operator.  Many of the above have substantial minority involvement, often from the governments of the countries in which the mine is located, and in other cases from other companies.  Those that are not 100% owned by the operator we have marked with a *.

Top 20 Mining Companies by tonnes of attributable gold production

Rank Company Domicile 2014 output
1. Barrick Canada 194.4
2. Newmont USA 150.7
3. AngolGold Ashanti South Africa 138.0
4. Goldcorp Canada 89.3
5. Kinross Canada 83.0
6. Newcrest Australia 72.4
7. Gold Fields South Africa 69.0
8. Navoi Uzbekistan 61.0
9. Polyus Russia 52.7
10. Sibanye South Africa 49.4
11. Agnico Eagle Canada 44.4
12. China Nat. Gold China 40.2
13. Freeport USA 37.8
14. Randgold Jersey 35.7
15. Shandong China 35.4
16. Harmony South Africa 35.2
17. Yamana Canada 33.2
18. NordGold Russia 30.6
19. Glencore Switzerland 29.7
20. Polymetal Russia 29.4

Source: Metals Focus, Mineweb

Top 20 Gold Producing Nations (tonnes) – 2014

Rank Country 2013 2014 Change yoy
1. China 438.4 462.0 +5%
2. Australia 268.1 272.4 +2%
3. Russia 248.5 266.2 +7%
4. USA 230.1 210.8 -8%
5. Peru 182.4 171.0 -6%
6. South Africa 179.5 167.9 -6%
7. Canada 124.7 151.3 +21%
8. Mexico 106.2 110.4 +4%
9. Ghana 104.8 104.1 -1%
10. Brazil 89.3 90.5 +1%
11. Indonesia 90.7 89.5 -1%
12. Uzbekistan 81.0 85.0 +5%
13. Papua New Guinea 67.5 67.2 0%
14. Argentina 51.2 60.0 +17%
15. Tanzania 52.0 50.8 -2%
16. Kazakhstan 42.4 49.2 +16%
17. Mali 49.2 48.6 -1%
18. Chile 48.6 44.5 -8%
19. Colombia 45.7 43.6 -5%
20. Philippines 39.7 40.4 +2%
Rest Of World 520.9 547.7 +5%
Global Total 3,061 3,133 +2.4%

Source:  Metals Focus

For additional comment on Mineweb on these tabulations click on: Gold’s Top 20 – Mines, miners and countries