Regardless of how the gold price is doing, the top gold-mining companies are always making moves.
Read on to find out which companies produced the most gold this past year.
Production: 172.3 tons
Newmont was the largest of the top gold-mining companies in 2023. The firm holds significant operations in North and South America, as well as Asia, Australia and Africa. Newmont produced 172.3 tons of gold in 2023.
Production: 126 tons
Aside from Nevada Gold Mines, the major gold company also holds the Pueblo Viejo mine in the Dominican Republic and the Loulo-Gounkoto mine in Mali, which respectively produced 335,000 ounces and 547,000 ounces of gold in 2023.
Barrick has set its 2023 production guidance at 3.9 million to 4.3 million ounces (121.9 to 134.4 tons).
Production: 106.8 tons
Agnico Eagle Mines produced 106.8 tons of gold in 2023 to take the third spot on this top 10 gold companies list.
Production: 90.3 tons
Polyus produced 90.3 tons of gold in 2023 to take fourth place among the top 10 gold-mining companies. It is the largest gold producer in Russia and holds the highest proven and probable gold reserves globally at more than 101 million ounces.
Production: 88.9 tons
Navoi Mining and Metallurgical Company is not yet listed on western exchanges, but ranks among the top producers of gold in the world, producing 88.9 tons of the precious metal in 2023.
The company has been in operation since the 1960s, producing its first gold ingot in 1969 from its Muruntau mine. Muruntau is the fifth deepest open-pit mine in the world, and hosts one of the single largest deposits of gold.
Production: 82 tons
Producing 82 tons of gold in 2023, AngloGold Ashanti has nine gold operations in seven countries across three continents, as well as numerous exploration projects around the world. The bulk of AngloGold’s production came from its African operations, which produced 1.54 million ounces, 59 percent of the company’s total production, in 2023.
Production: 71.7 tons
Gold Fields comes in at number seven with gold production for 2023 totaling 71.7 tons. The company is a globally diversified gold producer with nine operating mines in Australia, Chile, Peru, West Africa and South Africa.
Production: 67 tons
Kinross Gold has six mining operations across the Americas (Brazil, Chile, Canada and the US) and East Africa (Mauritania). Its largest producing mines are the Tasiast gold mine in Mauritania and the Paracatu gold mine in Brazil.
Production: 62 tons
Better known for its copper production, Freeport-McMoRan produced 62 tons of gold in 2023. The vast majority originated from the company’s Grasberg mine in Indonesia, which is the world’s second largest gold mine by production.
Production: 53.72 tons
Though production at its principal operations declined last year, the company’s ore reserves in Kazakhstan increased by 3 percent during the period to reach to 11.6 million gold equivalent ounces.
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
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