- By Ridam Sharma
- Tue, 22 Apr 2025 12:04 PM (IST)
- Source:JND
Largest Gold Producing Countries: Gold is one of the most expensive metals across the globe. It has a bright yellow lustre with a resistance to tarnish. Gold has been regarded as the epitome of luxury and royalty for thousands of years. Gold has also been an inseparable part of art, currency and especially jewellery. Other than being a good conductor of electricity, this expensive metal is malleable and rare in nature, and it can easily be shaped. Gold is one metal which is continued to be a favourite investment during a recession for centuries now.
Which Place Is Known As The Land Of Gold?
Ghana is called the land of gold. The place is situated in West Africa. Ghana earned this title from Arab traders due to its diverse gold resources and thriving trade, making gold the region’s most important commodity.
Additionally, the Sado Island in Japan was also known as the land of gold during the Edo period, as the place was producing nearly half of Japan’s overall gold output at the time. The lost city of Srivijaya in Indonesia was considered the Island of Gold for its wealth and gold treasures.
List Of The Top 10 Largest Gold Producing Countries In The World:
Here’s a list of the top 10 largest gold-producing countries in the world, as per the stats given by the World Gold Council:
| Rank | Country | Gold Production (Tonnes) |
|---|---|---|
| 1 | China | 378.2 |
| 2 | Russian Federation | 321.8 |
| 3 | Australia | 293.8 |
| 4 | Canada | 191.9 |
| 5 | United States | 166.7 |
| 6 | Ghana | 135.1 |
| 7 | Indonesia | 132.5 |
| 8 | Peru | 128.8 |
| 9 | Mexico | 126.6 |
| 10 | Uzbekistan | 119.6 |
Top 10 Largest Gold Producing Countries
China
China is the world's largest producer of gold, with an estimated 380 MT produced in 2024. The country is dominated by state-owned entities such as Zijin Mining and China Gold International Resources, with dominant mines in Inner Mongolia and Shanxi. China also possesses significant gold reserves and acts as a huge consumer and central bank buyer of gold.
Russia
Russia yielded approximately 310 MT of gold in 2024. Its production of gold has been rapidly growing since 2017. Despite the geopolitical issues impacting the export market in Russia, the nation possesses huge reserves (approximately 12,000 MT) and large-scale mines like the Siberian Olimpiada mine run by Polyus.
Australia
Australia produced over 290 MT of gold in 2024, which is a slight decrease from past years. The country is home to large mines like Newmont's Cadia Valley and Boddington. It also possesses a large reserve base (~12,000 MT) and an impressive mining history, which continues to underpin its status as one of the world's top producers.
Canada
Canada produced 200 MT of gold in 2024, which was a slight increase in numbers, as compared to 2023. The nation has been a hub of gold mining for a long time now, with production statistics highlighting consistent growth and substantial reserves.
United States
The United States produced around 170 MT of gold in 2023, and Nevada contributed around 73% of the domestic production. Here, gold is mined in several states, with more than 40 lode mines and several placer mines and is backed by large refining and fabricating industries.
Ghana
Ghana, the land of gold, has generated approximately 130 MT of gold in 2024, with a catapulting growth in recent years. Gold plays an important role in Ghana's economy, as a significant export market. Major mines in the nation are Newmont's Ahafo South and Gold Fields' Tarkwa mine.
Indonesia
Indonesia is also one of the major gold producers across the globe, thanks to significant mines like Grasberg, which makes it a dominant force in the world's gold mining industry.
Peru
Peru is a significant producer of gold in South America, with high production from massive mines. The nation enjoys rich mineral deposits and increasing mining investments.
Mexico
Historically, a gold producer, Mexico is still in the top rank, but with decreasing production from its best years. It still has some key gold mining properties and reserves.
Uzbekistan
Uzbekistan produced approximately 120 MT in 2024, higher than 100 MT in 2023. The Muruntau gold mine, owned by Navoi Mining, is a giant among gold mines in the world, with humongous reserves and impressive annual production.