Gold Rush: Unveiling the Top 10 Titans of Gold Mining

by Safe Retirement Reports

1. Newmont Mining Corporation

In first place stands Newmont Mining Corporation, a US-based company that is recognized worldwide. Established in 1921, it operates in various countries globally such as the United States, Australia, Ghana, Peru, and Suriname. This company is noted for its emphasis on safe mining practices. They focus on the exploration, research, and development of their mining operations. In 2017, it produced about 5.3 million ounces of gold and held a reserve of about 68.5 million ounces of gold.

2. Barrick Gold Corporation

Barrick Gold Corporation, headquartered in Canada, is one of the largest gold mining companies globally. This company entered the gold mining industry in the 1980s and has since expanded its operations across different continents. In 2020, Barrick produced more than 4.8 million ounces of gold. Notably, Barrick is also known for implementing eco-friendly practices in its mining operations.

3. Freeport-McMoRan

Freeport-McMoRan, a US-based mining company, made its debut in the gold mining industry in 1912. Besides gold, the company also mines for copper and molybdenum. They have mining operations globally including in Indonesia, North America, South America, and Africa. In 2020, Freeport-McMoRan mined 1.2 million ounces of gold.

4. AngloGold Ashanti

Located in South Africa, AngloGold Ashanti is a significant player in the gold mining industry and boasts a global presence with operations in 10 different countries, including the United States, Argentina, and Tanzania. Established in 2004, AngloGold Ashanti produced a total of 3.047 million ounces of gold in 2020.

5. Goldcorp Inc.

This is another Canadian gold mining company, which operates in several countries including Argentina, Mexico, and the Dominican Republic. They aim to focus on responsible mining practices and stakeholder engagement. Goldcorp was able to mine around 2.2 million ounces of gold in 2018.

6. Kinross Gold Corporation

The Kinross Gold Corporation, another Canadian firm, operates in the US, Russia, and West Africa. It was established in 1993, and since then, it has grown to become a global name in the industry. Kinross generated 2.4 million Au eq. oz. in 2020.

7. Newcrest Mining Ltd.

Originally from Australia, Newcrest Mining Limited is the leading gold producing company in the country, contributing a significant share of the world’s total gold output. They run operations in Papua New Guinea, Indonesia, and Côte d’Ivoire. As of June 2020, the company held a reserve of 52 million ounces of gold.

8. Gold Fields Ltd.

Gold Fields Ltd. is a South African gold mining company that has been in the industry since 1887. The company operates mines in Australia, Peru, South Africa, and Ghana. In 2020, they produced 2.2 million ounces of gold.

9. Agnico Eagle Mines Limited

Founded in 1957, Agnico Eagle Mines Limited is a Canadian-based gold mining company that has been on a constant upswing. The company has operations in Canada, Finland, and Mexico, and produced close to 1.7 million ounces of gold in 2020.

10. Polyus PJSC

Rounding out the top ten list is Polyus PJSC, the largest gold producer in Russia. Founded in 2006, Polyus has a high-grade reserve base amongst gold producers and the third-largest by volume – a testament to its industry clout. The company not only focuses on maintaining its operations but is also keen on green and ecological sustainability. Polyus produced approximately 2.84 million ounces of gold in 2020.

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