Gold has been one of the valuable commodities that serve in economic stability around the world. Gold is also the most popular part of long-term investments. The popularity of gold in investment is not without reason this is because gold tends to increase from year to year.

Currently, world gold production is centered in several countries that have large reserves of gold. In Southeast Asia, Indonesia is the largest gold producing country. Meanwhile, in the global scope, China is the largest gold producing country.

But Treasury pals should know that it is not only Indonesia and China that produce the largest gold. Let’s take a look at the 10 largest gold producing countries.

1. China Becomes the Biggest Gold Producing Country

China has become the world’s largest gold producing country in recent years. With mining centers located in Shandong, Hunan, and Yunnan provinces. 

It is recorded that China is able to produce more than 350 metric tons of gold per year making it the largest gold contributing country with a value of 11 percent of global production. That way the Chinese government strongly encourages progress in gold mining production.

2. Australia 

As a country with abundant resources, Australia is in 2nd place in the largest gold producing country. In 2023, Australia produced more than 310 metric tons of gold.

Areas such as Newmont’s Boddington Mine are the center of the country’s gold production. The region has gold reserves that reach 12,000 metric tons.

3. Rusia

Furthermore, the largest gold producing country is Russia, recorded in 2023 Russia produced 310 metric tons of gold which was distributed throughout the world.Gold production in Russia continues to increase from year to year.

The main gold mining area in Russia is located in Siberia. However, other mining companies such as Polyus Gold and Polymetal International also contribute to the country’s gold, making Russia one of the largest gold producers in the world.

4. Canada

Canada is the next largest gold producing country. Each year, Canada produces around 200 metric tons of gold. With mining centers in the provinces of Ontario, Quebec, and British Columbia.

5. Amerika Serikat 

Treasury buddies must not have thought that the United States is among the largest gold producing countries in the world. Each year the United States produces up to 170 metric tons of gold.

With the main mine located in Nevada, which accounts for 70 percent of the total gold production of the United States, several other regions such as Alaska and Colorado also have sizable gold reserves, making the US a major player in the global gold industry.

6. Kazakhstan

Kazakhstan is one of the largest gold producing countries, producing 130 metric tons of gold annually. This gold production is managed by large companies such as Polymetal International and Altyntau Resources. These mining areas are located in East Kazakhstan, Karaganda, and Kostanay.

7. Mexico

Mexico is the seventh largest gold-producing country in the world. With more than 500 years of mining history, the country has abundant gold reserves and is one of the major global gold suppliers.

One of the main gold mining regions in Mexico is Sonora, which is the country’s largest gold production center. In addition, large mines such as Peñasquito and Los Filos also contribute significantly to national gold production.

8. Indonesia Becomes One of the Biggest Gold Producing Countries

Treasury pals already know that Indonesia is one of the biggest gold producing countries in the world!  It is recorded that every year Indonesia manages to produce gold reaching 110 metric tons. With such a large gold output, Indonesia plays an important role in global gold sales.

One of the largest gold mines in Indonesia is the Grasberg Mine in Papua, operated by PT Freeport Indonesia. This mine is not only known as one of the largest gold mines in the world, but also as one of the largest gold mines in the world.

9. South Africa 

South Africa is the 9th largest gold producing country in the world. South Africa is capable of producing up to 100 metric tons of gold per year. With the Witwatersrand Basin being its main mine.

10. Uzbekistan 10th Largest Gold Producing Country

The 10th largest gold producing country is Uzbekistan with an annual gold production of 100 metric tons of gold. With its main mine located at the Muruntau gold mine.

Gold remains a valuable commodity that plays an important role in the global economy and long-term investments. With gold production spread across different countries, the world’s gold supply continues to meet market demand. Although gold is available in many countries. However, gold is already depleting and will not increase, therefore the price will increase along with the scarcity.

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