Global gold output in 2019 amounted to ~3,300 tonnes and was in line with 2018 volume. China was the largest gold producing country in 2019.
According to the preliminary industry data, global output of gold in 2019 was ~3,300 metric tonnes, or in line with 2018 numbers. China produced ~420 tonnes of gold in 2019 and cemented its spot at the top of the list with a 19 tonnes increase in gold produced during the year.
Australia was second largest gold producing country (330 tonnes), followed by Russia (310 tonnes) and USA (200 tonnes). Canada sits fifth with 180 tonnes of gold produced in 2019.
Four countries out of top ten (China, Australia, Indonesia, Ghana) increased gold production while five (USA, Mexico, Peru, Canada, Russia) faced a decline, while production in Kazakhstan remained unchanged.
The 12% decrease in domestic mine production in USA was attributed to decline of production from the Bald Mountain, Carlin, and Cortez Mines in Nevada and the Fort Knox and Pogo Mines in Alaska.
Largest Gold Producing Countries
Despite gold market rebound in 2019, annual global output of yellow metal did not grow for the first time in ten years.
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