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Top 5 Gold Producing Countries In The World

Economically it is preferable to mine gold in large easily mined deposits

. Production can be economically viable at ore grades as little as 0.5g/1000kg. On average the grade of ore at most mines is between 1 and 5 grams per 1000kg. Where the ore is deeper in the ground or in harder rocks a higher grade is required.

Top gold producing countries in the world:

1. China

In 2007 gold production in China rose to 276 tonnes and made China the top gold producer in the world. In 2008 China produced over 300 tonnes on gold. Over the last decade gold production in China has risen 70%, mostly as a result of foreign and domestic investment and increased gold discoveries.

2. South Africa

In the 1880"s South Africa became the largest source for gold and since then South Africa has produced about half of the gold in existence today. However, in 2007 China became the biggest gold producer. This is mainly to increasing complexities involved in extracting the gold and economic and political factors and increases in health and safety legislation.

3. Australia

Australia produces about 250 tonnes of gold per year. Some new operations are currently opening but many are also being suspended or closed

4. United States

In 2007 the United States produced about 240 tonnes of gold putting it just behind Australia, South Africa, and China.

Gold produced in the US predominantly is mined from large open-pit heap leach mines in Nevada. The US saw its gold production greatly increase during the 1980s because of the high gold prices and the use of heap leaching to recover gold from low-grade deposits in Nevada and other states.

5. Peru

In peru the Yanacocha mine produces more gold than any other mine in the world.

by: Sue Walker1
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