This is a list of the largest gold mines by 2022 annual production, measured in troy ounces.
Number | Name of mine | Production (ounces) | Location | Citations |
---|---|---|---|---|
1 | Olimpiada mine | 1,998,000 | Russia | [1] |
2 | Grasberg mine | 1,798,000 | Indonesia | [2] |
3 | Muruntau mine | 1,700,000 | Uzbekistan | [3] |
4 | Carlin Trend | 1,571,000 | United States | [4] |
5 | Boddington mine | 813,000 | Australia | [5] |
6 | Kibali Gold Mine | 749,000 | DR Congo | [4] |
7 | Detour Lake Mine | 732,570 | Canada | [6] |
8 | Cortez Gold Mine | 731,700 | United States | [4] |
9 | Pueblo Viejo mine | 713,300 | Dominican Republic | [4] |
10 | Lihir mine | 701,800 | Papua New Guinea | [7] [8] |
Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. It is headquartered in Toronto, Ontario, Canada. It has mining operations in Argentina, Canada, Chile, Côte d'Ivoire, Democratic Republic of the Congo, Dominican Republic, Mali, Papua New Guinea, Saudi Arabia, Tanzania, the United States and Zambia. In 2023, it produced 4.05 million ounces of gold at all-in sustaining costs of $1,335/ounce and 420 million pounds of copper at all-in sustaining costs of $3.21/pound. As of 31 December 2023, the company had 77 million ounces of proven and probable gold reserves.
First Quantum Minerals is a Canadian-based mining and metals company whose principal activities include mineral exploration, development and mining. Its main product is copper, which accounts for 80% of revenues as of 2016.
Newmont Corporation is an American gold mining company based in Greenwood Village, Colorado. It is the world's largest gold mining corporation. Incorporated in 1921, it owns gold mines in Nevada, Colorado, Ontario, Quebec, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname. In addition to gold, Newmont mines copper, silver, zinc and lead.
Cadia Mine is a series of large underground and open-cut gold and copper mines located in the Cadia Valley, about 20 kilometres south of the regional city of Orange, New South Wales, Australia. The mine has been developed throughout the 1990s and is a major employer in the region with an expected lifespan of several decades. Cadia is the second largest open cut mine in Australia after the Super Pit at Kalgoorlie. Large mineral deposits are also being uncovered from the more recently developed Ridgeway underground mine, and Cadia East underground mine, adjacent to the Cadia Open Cut Mine. The mine is operated by Newcrest.
Newcrest Mining Limited is an Australian-based corporation which engages in the exploration, development, mining and sale of gold and the froth flotation product, gold-copper concentrate. It is Australia's leading gold mining company and its operations have expanded beyond Australia, for example Indonesia, thus becoming a prominent international mining corporation. Newmont initially started the company as a subsidiary in 1966. The subsidiary became Newmont Holdings Pvt Ltd in 1980 and in 1990 acquired 100 per cent of Australmin Holdings Limited taking the current name.
Cameco Corporation is the world's largest publicly traded uranium company, based in Saskatoon, Saskatchewan, Canada. In 2015, it was the world's second largest uranium producer, accounting for 18% of world production.
The Fimiston Open Pit, colloquially known as the Super Pit, is an open-pit mine in Australia. It was Australia's largest open cut gold mine until 2016 when it was surpassed by the Newmont Boddington gold mine also in Western Australia. The Super Pit is located off the Goldfields Highway on the south-east edge of Kalgoorlie, Western Australia. The pit is oblong in plan view and is approximately 3.5 kilometres long, 1.5 kilometres wide and over 600 metres deep.
KGHM Polska Miedź S.A., commonly known as KGHM, is a Polish multinational mining corporation headquartered in Lubin, Lower Silesia, Poland. Founded in 1961 as a state enterprise, the company is considered a major global producer of copper and silver. Since 1997, it has been listed on the Warsaw Stock Exchange (WSE). The company is also a component of the WIG30 stock market index.
Mining in Australia has long been a significant primary sector industry and contributor to the Australian economy by providing export income, royalty payments and employment. Historically, mining booms have also encouraged population growth via immigration to Australia, particularly the gold rushes of the 1850s. Many different ores, gems and minerals have been mined in the past and a wide variety are still mined throughout the country.
Kinross Gold Corporation is a Canadian-based gold and silver mining company founded in 1993 and headquartered in Toronto, Ontario, Canada. Kinross currently operates six active gold mines, and was ranked fifth of the "10 Top Gold-mining Companies" of 2019 by InvestingNews. The company's mines are located in Brazil, Mauritania, and the United States. It trades under the KGC ticker in the New York Stock Exchange, and under K in the Toronto Stock Exchange.
Mining in Papua New Guinea is an important part of the Papua New Guinea economy.
The Wiluna Gold Mine is an inactive gold mine in Western Australia near the town of Wiluna. The mine was active from 1984 until its closure in 2007 when it was put into care and maintenance, and again from late 2008 to June 2013 when the owners, APEX Minerals, went into receivership. Following this, the mine had been placed in care and maintenance again in 2013. In January 2014 it was announced that the mine would be sold to Blackham Resources, with the deal to be finalised by March 2014. Mining resumed in 2016 and Blackham was renamed to Wiluna Mining Corporation in 2020. In July 2022, the Wiluna Mining Corporation entered voluntary administration, with mining ceasing in December 2022 and processing in February 2023.
Iamgold Corporation is a Canadian company that owns and operates gold mines in Burkina Faso, Suriname and Canada. Headquartered in Toronto, the company was incorporated in 1990, and went public on the Toronto Stock Exchange in 1996, with additional shares being listed on the New York Stock Exchange beginning in 2005. The company formerly owned or had stakes in the Sadiola and Yatela gold mines in Mali, the Mupane gold mine in Botswana, the Niobec niobium mine in Quebec, as well as a royalty in the Diavik Diamond Mine.
The Telfer Mine is a gold, copper and silver mine located at Telfer on the land of the Martu people, in the Great Sandy Desert of Western Australia. It is owned by Newmont, having acquired the previous owner, Newcrest Mining, formerly the largest gold producer listed on the Australian Securities Exchange, in November 2023.
The Boddington gold mine is a gold and copper mine located 13 km (8.1 mi) northwest of Boddington, Western Australia.
There are different methods by which gold mining companies are ranked. One is by their annual production. Another is by their cash cost per ounce, that is, how much money it costs them to mine the gold. Since gold prices are the same everywhere, companies with lower costs per ounce make more profit. The most common method lists by market capitalization which considers the total value of capital holdings by that company. Also considered when comparing companies is their market capitalization per ounce of gold equivalent which takes the market value and total reserves and resources for each company as well as the price of gold into consideration. The figures for each company can be used to determine the value the stock market gives to each company's reserves on an ounce to ounce basis.
The South Kalgoorlie Gold Mine is a gold mine located south-west of Kalgoorlie, Western Australia. The mine is sometimes also referred to as "South Kal Mines - New Celebration", being a merger of the former New Celebration Gold Mine and the Jubilee Gold Mine, which were combined in 2002.
Alamos Gold ("Alamos") is a Canadian multinational gold producer, headquartered in Toronto, Canada. Alamos operates three mines across North America, and has six further projects in development.