Over 1000’s of years, gold has been an emblem of wealth, energy and sweetness, and because the daybreak of historical past, the portions extracted from gold had been estimated at about 216.3 thousand tons, and it’s putting that about two -thirds of this quantity has been extracted since 1950, and if we think about the gathering of all this gold in a single dice, the size of its facet will attain solely 22 meters, which maintains its attractiveness because the origin of everybody.
yellow metallic
– Gold utilized in jewellery constitutes about 97.2 thousand tons, equal to 45% of the inventory, whereas alloys, currencies, and holding funding funds signify about 48.6 thousand tons (22%), they usually hold Central banks Roughly 37.8 thousand tons (17%) as a part of its reserves, whereas it’s added 32.7 thousand tons for different functions (15%).
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The wealthy continent
Africa leads the manufacturing of world gold with a complete of 1010 tons, led by Ghana (141 tons), adopted by Mali (100 tons) and South Africa (99 tons), and these numbers mirror the richness of the continent with its mineral assets, regardless of the political and operational challenges that generally have an effect on manufacturing.
Amongst states
On the nationwide stage, China (380 tons) and Russia (330 tons) are the biggest producers on the earth, they usually alone make up about 20% of world manufacturing, whereas Australia (284 tons) are the biggest among the many Western nations, and represent a significant a part of Oceania manufacturing of 346 tons.
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Complete gold manufacturing by continents (2024)
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Association
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Continent
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Manufacturing in ton
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1
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Africa
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1010.3
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2
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Asia
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664.9
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3
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Russia / impartial nations
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583.9
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4
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latin america
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519.4
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5
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north america
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500.4
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6
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Oceania
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345.7
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7
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Europe
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36.4
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World whole
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3661
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Northern and southern
As for the Americas, they added a couple of -fifth of the worldwide manufacturing; The place North America produced 500 tons led by Canada (202 tons), the USA (158 tons) and Mexico (140 tons), whereas Central and South America contributed 519 tons led by Peru (137 tons), Brazil (84 tons) and Colombia (66 tons).
Arab nations
– Based on the gold manufacturing knowledge for 2024, Sudan got here on the prime of the Arab nations with the manufacturing of 73.8 tons, rating sixteenth globally, whereas Mauritania got here once more with the manufacturing of 21.9 tons, rating 35 globally.
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The ten largest gold producing nations on the earth in 2024
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Association
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State
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Manufacturing
2024 (tons)
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Manufacturing
2010 (tons)
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Change (%)
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1
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China
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380.2
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351.1
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8.3%
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2
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Russia
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330
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203.1
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62.6%
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3
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Australia
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284
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256.7
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10.6%
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4
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Canada
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202.1
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102.1
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97.8%
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5
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US
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158
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231.3
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(31.7%)
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6
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Ghana
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140.6
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94.3
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49.1%
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7
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Mexico
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140.3
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78.7
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78.4%
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8
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Indonesia
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140.1
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132.3
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5.9%
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9
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Peru
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136.9
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184.8
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(25.9%)
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10
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Uzbekistan
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129.1
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69
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87.1%
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Manufacturing development
– A number of nations witnessed a outstanding improve in gold manufacturing through the second quarter of 2025 on an annual foundation, pushed by rising manufacturing in current initiatives and working new mines, the place Brazil topped the will increase (+13%) and Ghana continued to develop (+13%), and the manufacturing of Uzbekistan (+8%) elevated.
Operational challenges
In distinction, some nations confronted a lower in gold manufacturing as a result of operational and geological elements, or a short lived cease of operations, as Indonesia recorded the biggest lower (-21%) and a lower in monetary manufacturing (-19%) and Mexico manufacturing (-8%) decreased within the second quarter on an annual foundation.
Future prospects
– All the yr of 2025 might witness a brand new report in gold manufacturing, exceeding the best earlier stage recorded in 2018, with the overall provide of gold elevated by 3% on an annual foundation to succeed in 1249 tons within the second quarter, and that is as a result of excessive manufacturing of mines to the best stage ever, because it reached 909 tons, along with 347 tons of recycling, which is the best stage recorded in any second quarter Since 2011.
Sources: Numbers – Varied studies from the World Gold Council
