Gold mining is one of the most profitable industries in the world, with numerous companies operating mines in various parts of the globe. In this article, we have listed the top 10 gold mining companies in the world, based on their market capitalization, sales, assets, and profits.
First on the list is Canada-based Barrick Gold Corporation, which is the world’s largest gold mining company. Barrick operates mines in North and South America, Africa, and Australia, and recorded global gold production of 4.5 million ounces in 2019. It also has a solid mineral processing technology and is one of the few publicly-traded gold mining companies to use cyanide leaching for gold extraction.
Coming in second is US-headquartered Newmont Corporation, which is the largest gold producer in the US. Its deep roster of gold mines covers the entire US, and Newmont also holds large stakes in gold mines in Australia, Ghana, and Peru. In 2019, the firm saw gold production of 5.4 million ounces.
Thirdly, we have Canada’s Goldcorp, which achieved the fourth-highest gold production in 2019 at 2.4 million ounces. Goldcorp operates gold mines in Canada, the US, Mexico, and Central and South America.
Freeport-McMoRan rounds out the fourth place with gold production of 1.9 million ounces from its operations in the US, Indonesia, and Peru.
The fifth spot in the list is held by the world’s largest publicly-traded gold producer, AngloGold-Ashanti of South Africa. Its gold production stood at 1.8 million ounces in 2019, with terms of operation in continental Africa, Australia, and South America.
Russia’s Polyus is up next in the list, with gold production of 1.3 million ounces in 2019. With operations mainly in Russia and Kazakhstan, Polyus is the largest gold mining company in the former Soviet Union.
The seventh place is held by Canada’s Kinross Gold Corporation, with 1.2 million-ounce gold production in 2019. Kinross’s operations are mainly in the US and Russia, with gold production also coming from Brazil and Ghana.
In the eighth place is US-based Newcrest Mining, with gold production of 1 million ounces in 2019. Newcrest operates mines in Australia, the US, Papua New Guinea, Indonesia, and Africa.
The ninth spot is held by Gold Fields of South Africa, with gold production of 0.6 million ounces in 2019. With operations in South Africa, Ghana, Peru, and Australia, Gold Fields is the second-largest gold mining company in South Africa.
Finally, we have Sibanye-Stillwater, based in South Africa. This company has gold production of 0.5 million ounces in 2019, with operations mainly in South Africa and the US.
In conclusion, the top 10 gold mining companies are Barrick Gold Corporation, Newmont Corporation, Goldcorp, Freeport-McMoRan, AngloGold-Ashanti, Polyus, Kinross Gold Corporation, Newcrest Mining, Gold Fields, and Sibanye-Stillwater. These companies account for a significant portion of world gold production, and their outputs form a substantial part of global gold supply.