Gold mining companies can be ranked by various metrics, including annual production, cash costs per ounce, and market capitalization. The most common rankings are based on either total gold output (in ounces) or market capitalization, which reflects the total value of a company’s outstanding shares.
As of 2024, the world’s top 10 largest gold producers by output included US-based Newmont Corporation, Canada-based Barrick Gold, Russia-based Polyus, China-based Zijin Mining. China remains the
top gold-producing country, followed by Russia, Australia, Canada, and the United States.
While global gold production peaked around 2018–2019, recent years have seen stable but slightly declining output, largely due to resource depletion in mature mining regions and increased production costs.
Ranking
The following are the world’s largest publicly reporting gold mining companies by production in 2024, measured in million ounces. This ranking is based on Bloomberg and company disclosures. Figures for
China National Gold Group and
Navoi Mining and Metallurgical Company are excluded due to limited public reporting, though both are believed to be major global producers, with Navoi's output estimated at approximately 2.86 million ounces (88.9 tonnes) in 2024 and China Gold contributing significantly to China’s national production of around 370 tonnes.
Forbes Global 2000
The
Forbes Global 2000
The ''Forbes'' Global 2000 is an annual ranking of the top 2000 public companies in the world, published by: sales, profit, assets and market value. The list has been published annually since 2003.
By country
Forbes Global 2000 as of 2023:
...
is an annual ranking of the world's largest public companies published by ''Forbes'' magazine. Companies are ranked based on a composite score of revenue, profit, assets, and market value. While not exclusively ranked by size or gold output, it remains one of the most widely cited measures of corporate scale.
As of the 2024 list, the following gold and gold-related mining companies were included:
Several gold-focused companies that previously appeared in earlier editions, such as
Goldcorp
Goldcorp Inc. was a gold production company headquartered in Vancouver, British Columbia, Canada. The company stood among the largest gold producers in the world, employed about 15,800 people worldwide, engaged in gold mining and related activit ...
,
AngloGold Ashanti
AngloGold Ashanti Limited is a South African gold mining company, with global operations. With a diverse portfolio of cooperation, projects, and exploration activities, AngloGold Ashanti was formed in 2004 by the merger of AngloGold and the ...
,
Newcrest Mining
Newcrest Mining Limited is an Australian-based corporation which engages in the exploration, development, mining and sale of gold and the froth flotation product, gold-copper concentrate. It is Australia's leading gold mining company and its o ...
, and
Yamana Gold
Yamana Gold Inc. is a Canadian company that owns and operates gold, silver and copper mines in Canada, Chile, Brazil and Argentina. Headquartered in Toronto, the company was founded in 1994 and became listed on the Toronto Stock Exchange in 1995 ...
, have either been acquired or dropped from the list due to changes in size, profitability, or corporate restructuring. For example, Goldcorp was acquired by Newmont in 2019, and Yamana was acquired by Pan American Silver and Agnico Eagle in 2023.
See also
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Largest copper companies This article lists the world’s leading copper mining companies ranked by their mined copper output for the 2024 calendar (or 2023/24 fiscal) year. Production figures refer to contained copper in concentrate or cathode produced directly from compan ...
References
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Gold
Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal ...