Countries with large gold production
Most of the gold comes from China. In second and third place are Australia and Russia
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In 2020, 327 tons or 10.5 million ounces of gold were mined in Australia. This was 1.5 tons more than in the previous year, although the ore grade has fallen. But if gold prices are high, mines can operate profitably even with lower ore grades. In Australia, with an increase in the throughput of the treatment plants, the same amount of gold can be extracted even from less gold-bearing material.
Most of the gold mined in Australia goes overseas. The largest producing Australian gold mines include Newmont, Newcrest Mining and Kirkland Lake Gold. However, smaller gold companies such as Karora Resources - https://www.youtube.com/watch?v=nK5ModCMN6k - in Western Australia also deserve attention. Karora Resources operates the Higginsville and Beta Hunt gold mines. These produced just under 100,000 ounces of gold in 2020, more than expected. Another plus was fourth-quarter total production costs of $912 per ounce. Production of 105,000 to 115,000 ounces of gold is expected in 2021.
In fourth and fifth place among gold producing countries are the USA and Canada. Currently, U.S. gold exports are at a 21-month high. The situation was even different from March to July 2020, when the U.S. imported gold at record levels because the U.S. commodity futures exchange was short. The USA and Canada are classic gold-producing countries.
In Oregon, for example, Aguila American Gold is active. Their approximately 70,000 hectare Wusa gold-silver property is surrounded by already producing gold mines.
Current corporate information and press releases from Karora Resources ( https://www.resource-capital.ch/en/companies/karora-resources-inc/).
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