Countries with the most gold
China has been producing the most gold for more than ten years (400 tons of gold in 2018). China is also the main country in terms of demand. Slightly lower demand in the last quarter of 2018 is probably attributable to slower economic growth and the onerous trade war with the USA. The country with the second largest gold production is Australia. 310 tons of gold came from Australian mines.
With 295 tonnes of gold, Russia ranks third among the main producing countries. In the USA, 210 million tons of gold were mined. The yield was particularly high in Alaska and the western USA. In the USA, for example, US Gold is active. In the Carlin trend in Nevada, US Gold owns the Keystone Gold Project and the option to secure 70 percent of the Maggie Creek Project - https://www.commodity-tv.net/c/search_adv/?v=298868. The portfolio also includes the Copper King project in Wyoming.
Canada ranks fifth with 185 tons of gold. Here, in a land perfect for gold prospectors, TerraX Minerals - https://www.commodity-tv.net/c/search_adv/?v=299172 - owns the Yellowknife City gold project in the Northwest Territories. More than 780 square kilometres make the property one of the six large gold deposits in Canada.
With 145 tons of gold, the production of the precious metal in 2018 in Peru, sixth place, declined slightly. Illegal gold mining is still a problem here, as is the protection of the Amazon forest. The largest gold producer in Africa is Ghana (130 tons of gold), which puts it in seventh place for the country. It is also estimated that Ghana still has rich reserves, more than in major gold producing countries such as Peru. In 2018, Mexico displaced South Africa from eighth place. 125 tons of gold came from Mexico.
South Africa is now in ninth place with 120 tonnes of gold. Since 1980, production has fallen by 85 percent, yet South Africa is still one of the world's leading gold percent countries. The tenth place belongs to Uzbekistan (105 tons of gold). There is hardly any exploration investment, but the Muruntau gold mine is one of the largest open pit mines on earth. Most of the funding comes from old mines.
Latest company information and news releases from TerraX Minerals (https://www.resource-capital.ch/en/companies/terrax-minerals-inc/) and US Gold (https://www.resource-capital.ch/en/companies/us-gold-corp/).
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