In 2023, China led global gold production at 440 thousand metric tons, followed by Australia with 300 thousand metric tons, and Russia producing 255 thousand metric tons. Notably, the year-on-year production increase from 2023 to 2024 highlights Australia's growth trajectory, surpassing others in percentage terms. Over the previous five years, the CAGR reveals steady growth for China, Australia, and Russia, signaling strong industry momentum.
Future trends to watch include potential shifts in gold demand due to economic fluctuations, technological innovations in mining enhancing efficiency, and geopolitical stability influencing production levels, particularly in regions like Russia and South Africa.
Top countries in Top Gold Producing Countries
| # | 10 Countries | Thousand Metric Tons | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 440 | 2017 | |
| 2 | 2 Australia | 300 | 2017 | |
| 3 | 3 Russia | 255 | 2017 | |
| 4 | 4 United States | 245 | 2017 | |
| 5 | 5 Canada | 180 | 2017 | |
| 6 | 6 Peru | 155 | 2017 | |
| 7 | 7 South Africa | 145 | 2017 | |
| 8 | 8 Mexico | 110 | 2017 | |
| 9 | 9 Uzbekistan | 100 | 2017 | |
| 10 | 10 Brazil | 85 | 2017 |
