FX.co ★ Top 5 largest gold mining companies

Barrick Gold

Barrick Gold is the largest gold mining company in the world. Founded in 1983 and headquartered in Toronto, Canada, the company operates gold mines in Canada, the US, Argentina, Africa, and Papua New Guinea. It owns over 100 gold mines worldwide. Barrick Gold focuses on exploration and production. Some of its assets produce over 500,000 ounces of gold annually and have a lifespan of at least 10 years. The company invests heavily in exploration in Nevada, considered one of the most stable regions for mineral extraction. Barrick Gold is expected to produce 5 million troy ounces of gold per year by 2030. With a robust exploration strategy and a strong asset portfolio, the company remains a key player in the mining industry.

Newmont Corporation

Another major gold producer is Newmont Corporation, a leading player in the global mining industry. The American company, founded in 1921 and publicly listed since 1925, operates more than 40 mining projects worldwide, including in North and South America, Australia, and Africa. As of 2016, Newmont had 1 ton of proven gold reserves, mostly located in the United States and Australia. Today, Newmont is considered a leader in gold mining, known for its global presence and commitment to sustainable practices. The company's diversified portfolio and continued exploration projects give it confidence in long-term growth.

AngloGold Ashanti

The third major player in the global gold market is AngloGold Ashanti, based in South Africa. Founded in 1944, the company is one of the largest gold producers in the world. It owns 17 mines in 9 countries and is involved in exploration projects across the globe. Between 2015 and 2016, AngloGold Ashanti invested €1.79 million in exploration, increasing its mineral resources by 283 tons. In 2017, the company produced 3.8 million ounces of gold, and its total assets were valued at $9.5 billion. In Q3 2022, the company reported gold production of 738,000 ounces, up 20% from 2021 — a sign of its resilience and strong market position. AngloGold Ashanti continues to grow as a global mining giant.

Kinross Gold

Next on the list is Kinross Gold, a Canadian company specializing in the mining of gold and silver. It operates mines in several countries, including Brazil, Canada, and formerly Russia, and is one of the largest mining firms globally. Most of Kinross’s operations are based in the Americas and Africa. In 2016, the company hit a record with 79 tons of gold production. In 2017, Kinross made significant progress in exploration, particularly at the Cerro Negro and Silica Cap sites. The company continues to explore new areas, including the promising Kupor mining zone. Kinross is committed to improving mine performance and enhancing product quality.

Gold Fields

Rounding out the top five is Gold Fields, a corporation with a strong presence in the precious metals industry. Gold Fields operates in South Africa, Ghana, Australia, and Peru, specializing in both open-pit and underground mining of gold and copper. The company actively invests in exploration — for example, in Australia, its investments grew from $68.1 million to $89 million. Today, Gold Fields is focused on improving its mining and exploration methods, maintaining a reputation as a reliable and respected player in the global gold mining sector.