The largest gold mining companies play the very important role in the economy of the world. The gold price is not same every year. There are a lot of gold mining companies all over the world. All of them produce a lot of gold. Gold is a precious natural resources and the miner companies need to go to the depth part of the earth to get gold. Some gold mining companies are well-known for their gold and economic influences. The ranking of these companies is done by different methods. One process is the annual productions of the companies. Another method is the cost of their gold. But the most common method is market capitalization.
Largest gold mining companies
Let’s see a list of the renowned and largest gold mining companies in the world.
Barrick Gold is considered as the largest gold mining companies in the world. It is a Canadian gold mining company. The headquarters of this company is in Toronto, Canada. However, this company has mine for gold in Argentina, Canada, Papua New Guniea, Australia, Chile, Peru, Dominican Republic, USA and some other countries. In 2016, this company produces the gold of $798. Besides gold, this company produces copper.
It is also a Canadian company of gold mining. More than 15,000 people are working in this company. This company explores, extracts and produces gold. They have total 10 mines in Canada, Mexico, and America. In 2017, this company reports that they have produces 2.873 million ounces gold that cost $850 for per ounce gold. This company is trying to increase their gold production up to 20%. Goldcorp is the company which trying their best to improve the environmental stewardship. Their Mexico mine is the first mine in the world to decommission the ICMC code.
It is the company based in Colorado, USA. The company was founded in 1926. However, the company has mine in Australia, Nevada, New Zealand, Peru, Indonesia, Ghana. Besides, this company has joint venture relationship with others. In 2014, it was the second largest company of gold production. More than 34, 000 people work in this mining company. The other metals such as copper, silver are also included in this company. However, in this year, it produces 1.23 million ounces gold which revenue is $900 per ounce gold.
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It is the gold mining company of Russia. It is one of the top 10 mining companies in the world. The headquarters is in Moscow. However, this company does operations in Eastern Siberia and also in the Far East. The assets of this company are in Krasnoyarsk, Magadan, Sakha Republic and Magadan. t is not an old company and it was established in 2006. This company gains the second position as a gold reservoir with its 71 million ounces.
Newcrest mining company is the Australian gold mining company that explores, develops and sale gold worldwide. It is one of the Australian gold mining companies that do operations in other countries such as Indonesia. It also produces copper. The Newcrest mining company has mines in Pilbara, Papua New Guinea, Hidden Valley, Indonesia. In 2010, it became the fifth gold producer in the world with 2.8 million ounces.
Yamana is another Canadian based company that produces gold in some good positions in Argentina, Brazil, Canada. This company has some mines and properties with the share of some other gold companies namely Desert Sun, Northern Orion, Viceroy, Meridian Gold and some other. Yamana has mines named Chapada, Canadian Malartic, Gualcamayo, El Penon, Minera Florida, etc. In 2017, this company produces 257, 533 ounces that cost $403.5 million.
It is a gold company of Canada that produces gold and silver. It was established in 1993 which headquarters is in Toronto. It was the fifth largest gold company in 2015. However, in 2016, it produced 2.78 million ounces gold. This company has mines in Ghana, Russia, Brazil, USA, and Mauritania.
The gold mines which are active in this company are Fort Knox, Tasiast, Dvoinoye, Round Mountain, Chirano, Kupol, Oaracatu and Blad Mountain gold mines. Besides, it has some non-operating mines such as Kettle River-Buckhorn, Mineral Hill, Crixás, Cerro Casale, Fruta del Norte, Maricunga and some others.
In 2010, this company developed a mining school in Mauritania contributing $10 million. Besides, they also committed $2.5 million to develop a medical center in Mauritania.
It is a gold company that works globally. It was established in 2004 by Ashanti Goldfields and AngloGold. Now it is a global gold producer that does 21 operations in the USA. This company is now working in New York, Accra, London, Australian stock exchanges and Johannesburg. In 2008, this company produced 4.98 million gold ounces. In 2014, it became the world’s third position gold producer.
It is a gold mining company based in South Africa. It is the largest company listed on NYSE and JSE. It was established in 1998. In 2014, it became the seventh largest gold producer in the world. However, the headquarters of this company is in Johannesburg. It has some mines in Ghana, Peru, South Africa and Australia. It mainly works in the area which has the footprint of thesame field. The chairperson of this gold company is Cheryl Carolus.
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It is a Canadian based gold mining company. This company has assets in Greece, Brazil, Serbia, Romania, and Turkey. It does exploration, production, and development of gold. However, the headquarters of this company is in Vancouver. Besides, it has offices and also some operations worldwide. Here, more than 4,600 people are working. Most of the employees of this company are from the country of this company. This company has more than 20 years experience in operating mines worldwide. It does responsible operations with safely and also environmental standards. However, it has two gold mines, Efemcukuru, Kisladag which are in Turkey. These mines produce 40% of Turkey’s annual gold production. Eldorado also has a silver mine in Greece. In 2016, it produced more than 485,000 ounces Au that costs $578 per ounce. It also produced 486,025 ounces gold in that year. In 2017, it produces 75, 172 ounces that cost $791 per ounce.
It is known as CNGC. It was engaged in refining gold, copper, molybdenum, and silver. In 2015, it became the only Chinese gold company that representing China as a gold miner to the world. However, the company has the key mines in Mongolia and in Tibet. In the Inner Mongolia, it has the gold company named Chang Shan Hao that has the capacity to produce 200,000 ounces. In 2008, it began building the Jiama Gold and Copper mine with $520 million.
Evolution Mine is a gold mine of Australia. This company has five mines namely Cowel, Mt Calton, Cracow, Mungari, and Mt Rawdon. The mines are in South Wales, Queensland, and Western Australia. This company also has an economic interest in other gold mine named Ernest Henry. It is in Queensland. This mine will deliver its 100% future gold and also 30% future copper, silver from the area of life and mine. But outside of this area, this company has 49% interest in the future production of gold, silver and copper from Ernest Henry. Evolution company was formed in 2011. However, it is a reputed and reliable gold producer.
It is a Canadian gold company. This company operates four gold mines. The mines are in North America, South America and West Africa. The company has a strong economic position in the world. It is listed on the New York Exchange and Toronto Stock Exchange. It has the mines such as Rosebel, Essakane, Westwood, and Yatela. It is the company which explores and produces gold. However, the annual production of gold is 800, 000 ounces.
It is another Canadian based gold mining company. The headquarters of this company is in Vancouver. It is one of the fastest-growing gold producer companies. It was founded in 2007. This company operates five mines and a number of projects of gold exploration and also development in some countries such as Nicaragua, Philippines, Mali, Colombia, Namibia, Finland and Burkina Faso. B2Gold Crop has long-term mine plans. The project of 2017 of this company is to produce 530,000-570,000 ounces. In 2018, it will try to produce 925,000 to 975,000 ounces at Fekola.
It is a gold producing company in Egypt. The main mine of this company is the Sukari Gold mine that started its work in 2009. The company produces 500,000 ounces gold per season. It also operates some work in other countries. However, the financial position of this company is strong. More than 1,300 people are working in this company.
Detour Gold Corporation is in Canada. This company has several mines. Detour Lake Mine is the main and long life mine of this company. This mine is in Ontario, Canada. It is one of the biggest gold mines in this country. Moreover, it reserves more than 16 million ounces. This company also offers job opportunities with training. It ranks fourth among the gold deposits in North America. However, in 2013, this company purified the first gold bars from Detour Lake Mine. In 2016, this company produced 537, 765 ounces gold.
It is one of the largest gold mining companies in Canada. This company works in North America, Ontario, Mexico, Turkey, and the USA. It has four mines namely Young-Davison, Island gold mine, Mulatos and EI Chanate Mines. It has a growth profile of exploration projects. It was established in 2003. Now it earns reputation and becomes a profitable company.
New Gold is a Canadian gold mining company. It is the intermediate company that has five producing mines such as Rainy River Mine, Mesquite Mine, Peak Mines, Cerro San Pedro Mine, etc. However, these mines are in Canada, USA, Australia, and Mexico. It also produces other metals such as silver and gold.
This company holds resources in some metals not only the gold. It produces million pounds copper and silver. The new mine of this company is New Afton that started to produce copper, gold in 2012.
It is a gold mining company that is in the development stage. This company has a high-grade portfolio of exploration and developments of gold. It has some projects such as Buritica project. It is for multi-million ounces precious gold and other metals. The company also invested $109 million to market in order to purchase 19.9% interest.
There are a lot of gold mining companies in the world. It is not possible to discuss all them. So, in this article, I try my best to provide you the information of the largest gold mining companies in the world. As the precious metal, gold places the important impact on the international economy. The countries who have gold and gold mining companies can develop their nation within a short time.