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  • Largest Gold Mines in the World

    Tue Sep 17 2024

    The largest gold mines in the world are global powerhouses in gold production, from the USA’s Nevada Gold Mines to Muruntau in Uzbekistan and Grasberg in Indonesia. These mining complexes play a significant role in gold supply and profits, supporting industries and economies around the world.

    Gold, a timeless symbol of wealth and prosperity, is mined from some of the largest and most productive sites around the world. From Nevada's massive production to Uzbekistan’s Muruntau, these mines play a pivotal role in the global gold market, influencing supply, pricing, and the mining industry’s future.

     

    Rank

    Mine

    Country

    Production (oz)

    % of Global Production

    1

    Nevada Gold Mines

    USA

    3,311,000

    2.9%

    2

    Muruntau

    Uzbekistan

    2,990,020

    2.6%

    3

    Grasberg

    Indonesia

    1,798,000

    1.6%

    4

    Olimpiada

    Russia

    1,998,000

    1.7%

    5

    Pueblo Viejo

    Dominican Republic

    814,000

    0.7%

    6

    Kibali

    Democratic Republic of the Congo

    749,000

    0.7%

    7

    Cadia

    Australia

    764,895

    0.7%

    8

    Lihir

    Papua New Guinea

    701,800

    0.6%

    9

    Canadian Malartic

    Canada

    714,784

    0.6%

    10

    Boddington

    Australia

    813,000

    0.7%
    • Nevada Gold Mines in the USA is the largest gold mining complex in the world, a joint venture of Barrick and Newmont has an annual production of more than 3. 3 million ounces annually.
    • Global Muruntau, based in Uzbekistan, is the second biggest with outputing close to 3 million ounces and a contribution of over 80 percent to the country’s total production.
    • Indonesian Grasberg is the third largest gold producer and it is also one of the largest producers of copper in the world.
    • Olimpiada in Russia has about 26 million ounces of gold and it is owned by Polyus which is the largest gold miner in the world by reserve.
    • Current gold price stands close to a record high as miners realized record profit margins in 2020 at $ 828 /oz on average.

    The Carlin Trend, one of the world's richest gold mining districts, has produced nearly 100 million ounces of gold since the 1960s and holds 12.46 million ounces in reserves. It features "Carlin-type" deposits, allowing profitable extraction of lower-grade ores using advanced methods like heap leaching and bio-oxidation.

    Nevada, largely due to the Carlin Trend, accounts for 80% of U.S. gold production and creates thousands of high-paying jobs. Discovered in 1965, the Carlin Trend revolutionized Nevada's mining industry, making it one of the largest gold-producing regions globally.

    The world’s leading gold mines not only deliver vast quantities of gold but also shape economies and innovation in mining technologies. From advanced techniques like heap leaching to economic contributions, these mines represent key players in global industries, ensuring gold remains a valuable commodity across the globe.

     

    Source: https://www.jagranjosh.com/

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