Page 25 - Bullion World Volume 3 Issue 4 April 2023
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Bullion World | Volume 3 | Issue 4 | April 2023
           Performance of Leading Gold Mining


           Companies-2022






                                           Newmont. 5,956                            Gold Fields. 2,399 koz.
                                           koz. Newmont’s                            Gold Fields had a stable
                                           attributable                              production in 2022, with
           gold production was flat in 2022 year-over-year and                       attributable gold equivalent
           amounted to 5,956 koz.                                                    production of 2,399 koz, up
                                                                                     3% year-over-year.
                                    Barrick. 4,141 koz.
                                    Barrick’s 2022 gold                              Kinross. 2,200 koz. Kinross
                                    production was 6.7%                              produced 2,200 koz of gold
                                    lower year-over-year                             in 2022 (total attributable
                                    at 4,141 koz. Barrick     production), a 6% increase compared with 2,068 koz in
           reported that infrastructural issues impacted its   2021. The company said that year-over-year increase
           2022 production at Turquoise Ridge in Nevada and   was largely a result of higher production at Tasiast due
           the replacement of the rock winder at Kibali in the   to the temporary suspension of milling operations in
           Democratic Republic of Congo.                      the prior year, and production at La Coipa due to the
                                                              restart and ramp-up in the current year.
                                     Agnico Eagle. 3,135
                                     koz. Agnico Eagle's                              Newcrest. 2,163 koz.
                                     payable gold production                          Australian gold miner
                                     was 3,135,007 ounces                             Newcrest, the largest gold
                                     in 2022, up 50%                                  producer listed on the
                                     compared to 2021         Australian Securities Exchange, produced 2,163 koz
           (2,086,405 ounces). The company said that its 2022   of gold in 2022 (calendar year), up 15% compared to
           gold production was higher y-o-y primarily due to   2021.
           the inclusion of the production from the Detour Lake,
           Fosterville and Macassa mines.                                                   Freeport-McMoRan.
                                                                                            1,811 koz. Freeport-
                                   AngloGold Ashanti. 2,742                                 McMoRan produced
                                   koz. The company’s gold    1,811 thousand ounces of gold in 2022, which is
                                   production in 2022 rose    an increase of 31.1% over 2021 (1,381 thousand
                                   11% to 2,742,000 ounces    ounces), primarily reflecting higher operating rates
                                   compared to 2,472,000      and recoveries at the Grasberg minerals district in
                                   ounces in 2021. AngloGold   Indonesia, which is one of the world's largest copper
           Ashanti explained that operational improvements    and gold deposits.
           followed solid performances across the portfolio,
           underpinned by an improving grade profile amidst the                           Zijin Mining. 1,797 koz.
           ongoing reinvestment programme, and with Obuasi                                China’s Zijin Mining
           continuing its planned ramp-up.                                                increased its mine-
                                                                                          produced gold output
                                           Polyus. 2,541      by 17.7% y-o-y to 1,797 koz in 2022 following the
                                           koz. Polyus,       successful production commencement of key projects,
                                           Russia’s largest   primarily the Upper Zone of the Cukaru Peki copper
                                           gold producer,     and gold mine in Serbia.
                                           produced
           2,541 koz in 2022, down 6.5% compared to 2,717
           thousand ounces produced in 2021. Polyus said that
           the decrease in production was primarily driven by
           lower production of refined gold at Olimpiada due to
           temporary decline in grades in ore processed.



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