The world's 10 largest gold producers

In 2017, global gold production reached 3,247 tons. Below are the 10 largest gold producers in the world according to GFMS Gold Survey 2018.

1. China - 426 tons

For years, China has continuously been the world's largest gold producer, accounting for 13% of global production. However, in 2017, the country's production decreased by 6% when the Beijing government tried to find ways to reduce pollution and raise environmental awareness. However, the country's output is expected to increase again thanks to improvements in some existing mining projects.

2. Australia - 295.1 tons

Although in 2017, Australia's gold production increased by 5%, according to a report by consulting firm MinEx Consulting, the country's gold mining output in the next 40 years will decrease while the cost will double. The mining industry accounts for more than half of Australia's total exports and contributes about 8% of GDP.

3. Russia - 270.7 tons

The country's gold mining output has continuously increased since 2010.

About 83% of gold in Europe comes from Russia and its gold production has been continuously increasing since 2010. In 2017, the country's output increased by 17 tons.

4. US - 230 tons

US gold mining output increased by 8 tons in 2017, marking the 4th consecutive year of increase. About 78% of US gold comes from mines in Nevada state.

5. Canada - 175.8 tons

Canada increased 2 places in the 2017 list with an increase of 10 tons.

6. Peru - 162.3 tons

The mining industry contributes significantly to the Peruvian economy.

Peru's gold production fell for the second year in a row, slumping 6 tons in 2017, mainly due to the sweeping of illegal gold mines in the La Pampa region of the government. The mining industry contributes significantly to the Peruvian economy. It is also the third largest copper producer in the world.

7. Indonesia - 154.3 tons

Indonesia's gold output fell by 11.7% in 2017. The fact that the government introduced a tax incentive program to attract remittances has caused the exploitation of large gold mines to be affected by many investors. want to stay in the mining industry.

8. South Africa - 139.9 tons

Once the world's largest gold producer, South Africa's output began to decline since 2008, except for 2013, a few tons. Even so, the country is still home to the deepest gold mine in the world - Mponeng mine, up to 4km.

9. Mexico - 130.5 tons

This country is an attractive place to exploit gold thanks to its relatively cheap cost.

Although output decreased by 3 tons compared to 2016, Mexico is still a competitive gold producer. The country's gold output has increased from 50.8 tons in 2008 to more than 130 tons last year. This country is an attractive place to exploit gold thanks to its relatively cheap cost.

10. Ghana - 101.7 tons

Ghana is the second largest gold producer in Africa. The country's gold production increased 7% last year and accounted for more than 20% of total exports.