What mine produces the most gold?
William Jenkins
Updated on January 13, 2026
Muruntau mine
List of largest gold mines by production
| Number | Name of mine | Location |
|---|---|---|
| 1 | Muruntau mine | Uzbekistan |
| 2 | Grasberg mine | Indonesia |
| 3 | Pueblo Viejo | Dominican Republic |
| 4 | Lihir | Papua New Guinea |
How much gold does Newmont produce?
Newmont Corporation’s gold production from 2010 to 2020 (in 1,000 ounces)
| Characteristic | Consolidated gold production | Attributable gold production |
|---|---|---|
| 2020 | 5,824 | 5,905 |
| 2019 | 6,392 | 6,291 |
| 2018 | 5,479 | 5,101 |
| 2015 | 5,031 | 4,584 |
How do they get the gold out of the mines?
Miners scoop up sand, gravel and rock, and mix it with generous amounts of water. The gold, because of its greater density, sinks faster than the other materials and collects at the bottom. Many miners use a metal or plastic pan to separate the gold from sediments, a process known as panning.
Which country people holds most gold?
Top 10 Countries with Largest Gold Reserves
- Italy. Tonnes: 2,451.8.
- France. Tonnes: 2,436.0.
- Russia. Tonnes: 2,295.4.
- China. Tonnes: 1,948.3.
- Switzerland. Tonnes: 1,040.0.
- Japan. Tonnes: 765.2.
- India. Tonnes: 687.8. Percent of foreign reserves: 6.5 percent.
- Netherlands. Tonnes: 612.5. Percent of foreign reserves: 67.4 percent.
Who owns the largest gold mines in the world?
The world’s top 10 biggest gold mines in 2020.
| Mine | Major owner / operator | |
|---|---|---|
| 1 | Muruntau | Navoi |
| 2 | Carlin | Barrick |
| 3 | Olimpiada | Polyus |
| 4 | Pueblo Viejo | Barrick |
Does Goldcorp exist?
Goldcorp Inc. As of the third quarter of 2014, Goldcorp was the world’s fourth-largest producer of gold. On January 14, 2019, Goldcorp agreed to a merger acquisition by Newmont Mining Corporation, the world’s second-largest producer of gold, with the merged “Newmont Goldcorp” to be the world’s largest producer.
How many mines does Barrick gold have?
14 gold mines
About Barrick Gold Corp (USA) The Company holds interest in 14 gold mines, including six Tier One Gold Assets.
How to value junior miners gold in the ground?
Here’s How to Value a Junior Miner’s Gold in the Ground (+26K Views) 1 Given sufficient data, you can estimate a reasonable net present value (NPV) for a project and deduce what each of… 2 Another approach is to compare the value the market is giving a company per ounce of gold in hand against the average… More …
How are ounces and tonnes related in gold mining?
Note that “Tonnes” is the ore (or the actual raw rock) that is mined and processed, “Grade” is how much gold is contained in the ore, and the “Ounces” is the resulting number of gold in ounces. The formula is very simple. It helps us figure out the production rate (discussed in the next section):
How do you value gold in the ground?
At any given time, we know the international spot price for an ounce of refined gold but what about the gold an exploration or mining company has in the ground – how do we value that? [We have the answer. Read on.] There are several different ways to value a junior miner’s gold in the ground: @Investment Insights 1.
How to value a gold mining company ( download model )?
What this means is, looking at Avnel Gold’s Kalana Mine example, its feasibility study has proven & probable reserves of 1.96 million ounces (or “oz”): In my valuation model, I’m going to cap the number of ounces produced by the mine at 90% of 1.96 million ounces or 90% of 21.7 million tonnes which is 19.5Mt.
