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Gold Production by Country

Gold Production by Country
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A Global Overview of Gold Production

Gold has been prized by civilizations since ancient times, as a symbol of wealth and an important component in a multitude of industrial applications. Tracking global gold production provides insights into a nation's economic health, its mining capabilities and regulatory environment, and the balance of global wealth. Since gold production is largely influenced by geological factors, understanding the geography of gold can also shed light on geological theories. 

Notably, until 2006, South Africa was breaching the zenith of gold production globally. In an interesting shift from 2007, increasing production in other countries and South Africa's declining yields caused China to ascend to first place, although none have approximated South Africa's peak production scale during the late 1960s and early 1970s. 

Key insights:

  • China maintains its dominance as the largest gold producer with 375 tons, followed by Russia (324.7 tons) and Australia (313.9 tons). 
  • Gold production is diverse and geographically widespread, with countries from five different continents figuring among the top ten global producers. China, Russia and Australia as leaders from Asia. Canada and the United States from North America. Ghana and South Africa from Africa. Indonesia from Oceania. Peru and Mexico from Central and South America.
  • A dramatic fall is observed in South Africa's gold production as it occupies just the 13th position with 92.6 tons, indicating a considerable decline over the years. 
  • In many countries, the gold industry is a key driver of economic stability. For instance, Ghana, currently among the top six global producers, relies on the precious metal for approximately 50% of its total exports. 
  • While the top three substantial producers tower over others with more than 300 tons production, gold production is scattered uniformly in the remaining countries, varying from a considerable 194.5 tons by Canada to 21.3 tons by Liberia.

Top Gold Producing Countries

Diving right in, we find that China takes the lead, maintaining its dominance with an astounding 375 tons of gold production. Not far behind, Russia ranks second, solidifying its position as a major player with 324.7 tons. Australia makes a close run for second, but ultimately comes in as the third top producer, with an impressive 313.9 tons of gold.

As we move down the list, there is a noticeable gap with Canada producing significantly less at 194.5 tons but still earning it the fourth position globally. Following closely, the United States comes in at the fifth position with a production volume of 172.7 tons.

Demonstrating the geographical dispersion of gold sources, Ghana reigns as the largest gold producer in Africa, holding the sixth position globally with an output of 127 tons. Not far behind, we see South American representation with Peru producing 125.7 tons.

In Asia, besides the leaders China and Russia, Indonesia also has a strong presence in the gold production market, accumulating 124.9 tons in a year. Just shy of Indonesia’s output, Mexico contributes 124 tons, displaying Central America's crucial role in global production. 

Lastly, but certainly not least, Uzbekistan marks the tenth position on our list, contributing 110.8 tons to global production.

Top Gold Producing Countries:

  1. China - 375 Tons
  2. Russia - 324.7 Tons
  3. Australia - 313.9 Tons
  4. Canada - 194.5 Tons
  5. United States - 172.7 Tons
  6. Ghana - 127 Tons
  7. Peru - 125.7 Tons
  8. Indonesia - 124.9 Tons
  9. Mexico - 124 Tons
  10. Uzbekistan - 110.8 Tons

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