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Updated by investingnewsnetwork on Oct 15, 2023
Headline for Top Gold Producing Countries
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Top Gold Producing Countries

The gold price has tracked higher in the past few years, sparking interest in the biggest gold producers.


2. Australia

_Mine production: 320 MT
Gold production in Australia had another high-performing year, reaching 320 MT, up marginally by 5 MT from the previous year. Gold is mined at major operations throughout the country, with the top five gold-producing mines all located in different states. The top-producing mine is Newcrest Mining's (ASX:NCM,TSX:NCM) Cadia mine in New South Wales.


3. Russia

_Mine production: 320 MT
Russia’s gold output has been rising over the past few years, increasing from 255 MT in 2017 to 320 MT in 2022. According to Statista, the country's output is projected to reach nearly 400 MT by 2030.


4. Canada

_Mine production: 220 MT
For 2022, gold production in Canada was down a marginal 3 MT from 2021, but the nation still managed to increase its status, moving up from its previous spot as the fifth largest producer of the yellow metal. Canada's gold output has been on the rise in recent years, up from 175 MT in 2019.


5. United States

_Mine production: 170 MT
In 2022, the US produced 170 MT of gold, down by 17 MT from the previous year. The nation's output has been dropping over the past five years and has fallen from 2017's total of 237 MT.


1. China

_Mine production: 330 metric tons (MT)
While the country’s output of gold peaked at 455 MT in 2016, it hasn’t dipped below 300 MT in more than a decade and remained firm through the end of 2022. This consistent production continues to ensure China’s place at the top of gold-producing nations, which it has held for more than a decade.