Global Gold Production: All You Need To Know

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Gold Bars Global Gold Production

Gold has always been the pillar of global wealth and while we all know that this alluring yellow metal doesn’t grow on trees, there are regions in the world where veins of gold were discovered centuries ago. Despite its obvious rarity, approximately 3,000 tonnes of gold are mined each year and we all know about the 1930’s American gold rush, which lasted 7 years, when San Francisco in California was the primary region where gold was being discovered.

Here is a list of the top gold producing nations and a little about their operation.

  1. China – It might surprise you to learn that China has topped the global gold production list for a few years already. Last year, for example, China produced more than 420 tonnes of gold, which is way more than any other nation. The Chinese implement cutting-edge technology in their gold mining facilities, so you can expect them to stay at the top of list for the coming future.
  • Australia – The Land Down Under made it into second place with just under 300 tonnes of gold mined last year. A gold dealer in Brisbane reminded us that the world-famous Argyle Mine is no longer producing, so this might affect the country’s gold production. This mine was set up in the 1960s and produced most of the world’s best pink diamonds and as agreed when the mine was set up, production ended in November 2020 and a plan to restore the area was implemented. With a quick Google search for a reputable dealer in the area, you can buy gold bullion Brisbane has on offer.
  • Russia – As you would expect, Russia is one of the largest gold producers, with approximately 275 tonnes produced in 2020 and mining consortiums are searching for more productive regions in this huge country and if they get lucky, they could overtake the Chinese as the leading producer of gold.
  • United States Of America – Around 230 tonnes of gold were produced by US mines in 2020 and while we know there is gold in certain wilderness regions, the cost of mining it is prohibitive. For the last few years, Nevada has produced a large portion of the US tally, with a mini gold rush and the signs are promising that this could lead to rich veins of gold. The southern states are more likely to have gold producing areas and with new technology for gold detection, mining companies are searching.
  • Canada – It is no secret that all the top gold producing countries are the one with largest areas and as you would expect, Canada produced around 235 tonnes of gold last year. Due to the glaciers melting, they are discovering more gold producing regions in British Columbia and other parts of the northern section of the country. Many experts predict that gold production will increase for this very reason and at the time of writing this article, there are teams of prospectors looking for new seams.
Global Gold Production Facts to Know
Global Gold Production Facts to Know

If you are thinking of taking your wealth out of the stock market and into gold, simply Google an established gold bullion dealer and make an appointment when you can take possession of your gold.

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