The director of S.A.B. Mining since 2016, Barry Kevin O ‘Rourke stays informed regarding many aspects of the gold mining industry and related disciplines. Some of the topics Barry Kevin O ‘Rourke follows are the economic condition of the gold market, mineralogy, and the top gold mining countries each year.
Annually, the World Gold Council publishes a list of the top-producing mining countries. In 2021, China mined the most gold at around 332 tons. In the top 10, only three countries, China, Russia, and Australia produced over 300 tons. The country closest to producing comparable amounts was Canada, at about 192 tons.
Countries that ranked highly in the list did so due to substantial changes in their domestic mining industries. In Canada, for example, Agnico Eagle completed a merger with fellow Canadian firm Kirkland Lake Gold, increasing its output to over 3,300-pound troy ounces. In addition, the American company Newmont reported nearly 6,000 pounds of gold mined by the end of Q2 2022. Notably, it achieved this number while sharing a mining complex with the Canadian firm Barrick Gold.
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