The 10 Largest Gold Producers

1. South Africa (393.2 Tonnes)

South Africa remained the worlds biggest producer of gold in 2006, with a 'production' of 396.3 tonnes. This is well below the countries all time production high which is 619.5 tonnes and was achieved back in 1993. This figure equates to 15.7% of the worlds total gold production.

2. Australia (262.9 Tonnes)

The second largest gold producer of 2005 was Australia who produced a total of 262.9 tonnes of gold, this is the first time that Australia jumped the USA in gold production despite their production having peaked at 313.2 tonnes back in 1997. Australias output equates to around 10.4% of total world output.

3. USA (261.7 Tonnes)

And that brings us to the USA who slipped back into third place in 2005, being overtaken by Australia for the first time, but having still produced an impressive 261.7 tonnes of gold in the year. This equated to 10.3% of total world gold output.

 

4. China (224.1 Tonnes)

At 4th in the world in 2005 was China (who I believe have jumped up the list since 2005) with 224.1 tonnes, equivalent to 8.8% of the world total.

 

5. Peru (207.8 Tonnes)

Next is Peru how produced 207.8 tonnes of the world total for 2005, equivalent to 8.2% of world production.

 

6. Russia (175.5 Tonnes)

In 6th place fell Russia who, with 175.5 tonnes produced in 2005, accounted for 7% of the worlds total gold output for the year.

 

7. Indonesia (166.6 Tonnes)

In 7th place was Indonesia who finished slightly behind Russia on 166.6 tonnes for the year. This accounted for 6.6% of annual world gold production.

 

8. Canada (118.5 Tonnes)

In 8th place was Canada who, with 118.5 tonnes produced, accounted for 4.7% of the worlds gold output. Considering Canada has a relatively small population, this is rather impressive.

9. Uzbekistan (79.3 Tonnes)

A further 3.1% of world gold production for 2005 can be attributed to the country of Uzbekistan, who produced a total 79.3 tonnes of gold for the year.

 

10. Papua New Guinea (68.8 Tonnes)

The 10th largest gold producer with 68.8 tonnes is Papua New Guinea, who provided the world with 2.7% of its total output for the year.

 

The Rest Of The World

The 10 top gold producers in the world accounted for 77.5% of total world gold production for 2005, meaning that the worlds remaining nations produced a total of 22.5%. Almost all countries have at least a small natural reserve of gold, however much of this gold is seen as unviable for mining until stocks have been depleted and prices are pushed further.

Most of us know that Gold prices shoot up during a recession, and have in fact recently broken record prices per ounce. Gold is effectively the currency of the world when financial systems are doubted and paper currency sees volatile fluctuations. Its a strange concept really, why Gold and why not Diamonds? or Platinum? Who knows, but its just the way that it is. If you have found this simple page then it is likely that you wish to know which countries in the world produce the most gold, so here you have it.... a list of the Top Gold Producers. Statistics are sourced from Gold Fields Mineral Services Ltd (Gold Survey 2006).

Source  http://hubpages.com/