{"id":1497,"date":"2023-05-01T09:41:44","date_gmt":"2023-05-01T07:41:44","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=1497"},"modified":"2023-05-01T09:41:44","modified_gmt":"2023-05-01T07:41:44","slug":"200-years-of-global-gold-production-by-country","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=1497","title":{"rendered":"200 Years Of Global Gold Production, By Country"},"content":{"rendered":"
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Although the practice of gold mining has been around for thousands of years, it\u2019s estimated that\u00a0roughly\u00a086%\u00a0of all above-ground gold was extracted in the last 200 years.
With modern mining techniques making large-scale production possible, global gold production has grown exponentially since the 1800s.
In the infographic below,\u00a0Visual Capitalist’s Govind Bhutada and Miranda Smith,\u00a0using data from\u00a0Our World in Data, visualizes global gold production by country from 1820 to 2022, showing how gold mining has evolved to become increasingly global over time.<\/p>\n

A Brief History of Gold Mining<\/p>\n

The best-known gold rush in modern history occurred in California in 1848, when James Marshall discovered gold in Sacramento Valley. As word spread, thousands of migrants flocked to California in search of gold, and by 1855, miners had extracted around\u00a0$2 billion\u00a0worth of gold.
The United States, Australia, and Russia were (interchangeably) the three largest gold producers until the 1890s. Then, South Africa took the helm thanks to the massive discovery in the\u00a0Witwatersrand Basin, now regarded today as one of the world\u2019s greatest ever goldfields.
South Africa\u2019s annual gold production peaked in 1970 at\u00a01,002 tonnes\u2014by far the largest amount of gold produced by any country in a year.
With the price of gold rising since the 1980s, global gold production has become increasingly widespread. By 2007, China was the world\u2019s largest gold-producing nation, and today a significant quantity of gold is being mined in over 40 countries.<\/p>\n

The Top Gold-Producing Countries in 2022<\/p>\n

Around\u00a031%\u00a0of the world\u2019s gold production in 2022 came from three countries\u2014China, Russia, and Australia, with each producing over\u00a0300 tonnes\u00a0of the precious metal.<\/p>\n

North American countries Canada, the U.S., and Mexico round out the top six gold producers, collectively making up 16% of the global total. The state of Nevada alone accounted for\u00a072%\u00a0of U.S. production, hosting the world\u2019s\u00a0largest gold mining complex\u00a0(including six mines) owned by Nevada Gold Mines.
Meanwhile, South Africa produced 110 tonnes of gold in 2022, down by\u00a074%\u00a0relative to its output of 430 tonnes in 2000. This long-term decline is the result of mine closures, maturing assets, and industrial conflict, according to the\u00a0World Gold Council.
Interestingly, two smaller gold producers on the list, Uzbekistan and Indonesia, host the second and third-largest gold mining operations in the world, respectively.<\/p>\n

The Outlook for Global Gold Production<\/p>\n

As of April 25,\u00a0gold prices\u00a0were hovering around the\u00a0$2,000 per ounce\u00a0mark and nearing all-time highs. For mining companies, higher gold prices can mean more profits per ounce if costs remain unaffected.
According to the World Gold Council, mined gold production is expected to increase in 2023 and could surpass the record set in 2018 (3,300 tonnes), led by the expansion of existing projects in North America. The chances of record mine output could be higher if gold prices continue to increase.<\/div>\n<\/div>\n

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Although the practice of gold mining has been around for thousands of years, it\u2019s estimated that\u00a0roughly\u00a086%\u00a0of all above-ground gold was extracted in the last 200 years.With modern mining techniques making large-scale production possible, global gold production has grown exponentially since the 1800s.In the infographic below,\u00a0Visual Capitalist’s Govind Bhutada and Miranda Smith,\u00a0using data from\u00a0Our World in […]<\/p>\n","protected":false},"author":1,"featured_media":1498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-1497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/1497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1497"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/1497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/1498"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}