The report, published by “The Investing News Network”, includes the 10 largest gold mines in the world, based on the 2015 production scale, announced by the Reuters service, which specializes in the economics of gold mines, known as “GFMS”.
This service includes data for 350 gold projects around the world. Janet Turoni, a Reuters miner economist, analyzed some recent data on these mines.
The list includes mines in several countries, including Indonesia, the United States of America and the Dominican Republic.
Nevertheless, some of the largest gold mines in the world are owned, at least in part, by Barrick Gold, which is one of the largest gold producers.
The network explained that the mines mentioned in the report contain information available to the public only. As for the analyst, “Toroni”, she indicated that the amount of production from the “Muruntau” mine in Uzbekistan has been kept secret for a while, but it is likely that the mine produces more than two million ounces of gold annually.
“Toroni” explained that this information is not certain, and if it is correct, then this means that “Miranto” is the largest gold mines in the world.
The 10 largest gold mines in the world
” Grasberg ”
Production: 1.23 million ounces
“Grasberg” is a gold and copper mine in Papua, Indonesia, and is the largest gold mine in the world. It is owned by ” Freeport-McMoran “, but the Indonesian government owns about 9% of it.
And work began in the main open hole inside the mine since 1990, and is expected to continue work until this year, after which, the operations will move to search for underground minerals near the “Grasberg” crater.
Last August, Indonesia renewed the ” Freeport ” export license, which allows the export of 1.4 million tons of concrete from the mine until January 11, 2017.
2. ” Goldstrike ”
Production: 1.05 million ounces
Gold Strike is one of the largest gold mines for the ” Barrick Gold ” company, and is located in the “Carlin Trend”, Nevada, USA.
It contains an open pit ” Betze-Post ” as well as two underground mines known as ” Meikle and Rodeo “.
As of December 31, 2015, proven and probable reserves of minerals have reached 8.5 million ounces of gold, and production is expected to reach between 975,000 to 1.075 million ounces in 2016 at a cost of between $ 780-850 per ounce.
3 .Cortez
Production: 999 thousand ounces
Another mine owned by ” Barrick Gold ” company, is located in the state of Nevada, USA, and its production volume is close to the “Gold Strike” equation.
Kurtz produced 999,000 ounces in 2015, an increase of 10.75% from the 2014 production of 902,000 ounces.
Production is expected to increase to between 980,000 and 1.5 million ounces, at a cost of $ 520 to $ 550 per ounce.
As of December 31, 2015, proven and probable mineral reserves stood at 11.1 million ounces of gold.
” Pueblo Viejo ” .4
Production: 953 thousand ounces
One of the newly ranked mines among the largest gold mines in the world, located in the Dominican Republic, and ” Barrick Gold ” and ” Goldcorp ” companies share 60% to 40%.
Its production rate decreased by 13.99% in 2015 from its counterpart in 2014, when production reached 1.108 million ounces.
Pablo Viejo was licensed to operate in 2012, and its production rate reached its peak in 2014.
Barrick Gold is expected to produce between 600,000 and 650,000 ounces in 2016, while Goldcorp is expected to get 400 to 440,000 ounces.
. Yanacocha5
Production: 918 thousand ounces
Yanacocha is the largest gold mine in South America, and is located in the province of Cajamarca, approximately 800 kilometers northeast of Lima, the capital of Peru.
The mine owners have invested more than $ 1 billion in social and environmental projects since 1993.
” Newmont Mining ” company with a share of 51%, ” Beunaventura ” company with a share of 44%, while the remaining 5% is for ” International
Finance “
Carlin 6 .
Production: 886 thousand ounces
The “Carlin” mine is part of a major gold mining operation in Nevada, USA, and is owned by the ” Newmont Mining ” company.
Currently, however, the company releases production data individually.
The production rate decreased in 2015 by 2.32% from 2014, that is, it decreased from 907 thousand ounces to 886 thousand ounces.
Lihir. 7
Production rate: 805 thousand ounces
Another mine owned by Newcrest was not on the list of the top 10 mines in the world in 2014.
Since 1997, Lihir has produced more than 9 million ounces of gold.
Boddington. 8
Production rate: 794 thousand ounces
Production in Puddington jumped by 14.08% in 2015, after it was producing 696,000 ounces, it reached 794,000 ounces of gold.
Puddington is a gold and copper mine, and one of Australia’s largest mines owned by the ” Newmont Mining ” company, after it bought AngloGold Ashanti’s stake in the project in 2009, the same year the mine began its commercial production.
” Olimpiada “. 9
Production rate: 760 thousand ounces
Olympiada is located in Russia, in an open area owned by the British company, ” Polyus Gold “, and is the company’s largest gold mine.
Olympiada began production in 1966, and its proven and probable mineral reserves have reached 30.01 million ounces of gold.
The rate of production increased from 735.7 thousand ounces in 2014 to 760.1 thousand gold ounces in 2015, but it fell from seventh to ninth place in the list.
. 10 Kalgoorlie Subarpet
Production rate: 640 thousand oz
The company “owns of Barrick ” 50% of the “Kalgoorlie Subarpet”, located in Australia.
Its production rate decreased slightly from 2014, which reached 652 thousand ounces at the time, by 1.84%.
Recent Comments