RANKED: World’s top 10 gold mining companies

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Gold has re-emerged as one of the top asset classes of 2024, having risen by 12% year to date and shattered multiple records along the way. It is now well on track for its best year since 2020.

In light of its rising significance as a safe haven asset, gold’s supply must also keep pace with the demand. The world’s production of gold has steadily gone up over the last four years, according to the World Gold Council. * Production figures are based on company press releases for the full-year ending December, 31, 2023, with the exception of Navoi Mining and Metallurgical CompanyDespite an 8% decline in output from 2022, Newmont remains the top gold producer with 5.5 million oz. across its global operations, which span four continents.Barrick’s 2023 production of 4.05 million oz. also fell below the previous year’s and was slightly short of its forecast as well as analyst expectations.

Gold Fields and AngloGold Ashanti were previously rumored to be in merger talks, but that has now been ruled out after the companiesZijin Mining is coming off a 20% year-on-year gold production growth, positioning itself as the No.1 listed gold mining company in China and among the top 8 globally.

 

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