Gold is one of the rarest elements in the world making up roughly 0.003 parts per million of the Earth's crust but how much gold is the world digging up each year and what countries produce the most in 2019 global gold mine production was a reported 3332 tonnes this figure is up two percent from the previous year and is the largest year-over-year growth in the last four years so here are the top 10 gold producing countries that contributed to that output.
10. Mexico mine production 115 tons
Although production fell by 4 percent and for third consecutive year mexico remains a competitive gold source. Mexico is an attractive place for mining due to a relatively low cost of regulation today. Gold and silver account for more than 50 percent of the country's total metals output.
9. South africa mine production 130 tons
South africa's gold mines have been slowing every year since 2008 with the exception of 2013 when production rose by few tons. The nation is struggling with rising costs for electricity and labour with many mines closing due to unprofitability.
8. Ghana mine production 130 tons
It is Africa's second largest producer of gold and could soon be tout South Africa for the top spot and is also known for its reserves of various industrial minerals bullion production rose by just 1/10 of a ton in 2019 and accounts for over 20 percent of the nation's total exports.
7. Indonesia mine production 137 tonnes
The island nation posted the biggest production increase in 2019 of 23 percent or 36 tonnes a high-grade development in the KRAS burg open-pit operation drove most of the gains with the giant producing nearly 40 percent of the country's total gold output.
6. Peru mine production 158 tonnes
Peru is the largest producing gold country in Latin America and only second in the Americas to the United States. Gold output fell for a third consecutive year in Peru by seven tons largely due to crackdowns illegal mining operations in the La Pampa region and lower grades at existing projects.
5. Canada mine production 189 tonnes
Gold production in Canada rose marginally allowing the nation to maintain its status as the fifth largest producer of the yellow metal. In 2017 toronto-based zee bridge gold stumbled upon a significant gold field in northern British Columbia after a glacier retreated and is estimated to contain a whopping 780 metric tons.
4. United States mine production 222 tons
U.S gold production dipped slightly falling from 240 tons to 222 tons. Most gold in the country was produced at more than 40 golde mines. Several large placer mines in Alaska and a number of smaller placer mines in the western US. The top 26 operations in the country were responsible for 99 percent of American gold output.
3. Russia mine production 297 tons
Russia was once again the third largest producer of gold. A massive 83 percent of European gold comes from Russia which has been increasing its production every year since 2010. Russian output grew by 11 tonnes in 2019 or about two percent as policy makers are focused on growing the industry.
2. Australia mine production 319 tons
Gold production in Australia had another high performing year recent expiration activity in the Pilbara region of Western Australia has renewed interest and helped increase the country's consistent gold output.
1. China mine production 404 tonnes
For many years China has been the top producing nation accounting for 12 percent of global mine production. China was the largest producer of gold in the world. The country has now held its top position for over a decade. China's production dropped by 40 tonnes in 2019 and the decrease is thought to be the result of increased environmental regulations.
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