The World's Biggest Gold Producers Ranked: China and Russia Lead

TEMPO.CO, Jakarta - The biggest gold producers remain unharmed during the world’s continued financial crisis. Often viewed as a dependable investment, Gold has maintained strong long-term value, encouraging both investors and governments to rely on it as a major financial asset. With global demand rising, countries worldwide are expanding mining operations and exploring new reserves. 

List of the Biggest Gold Producers in the World 

According to Visual Capitalist, a small group of mining powers consisting of China, Russia, and Australia are still the biggest gold producers in the world. The latest data from 2024 also show various countries, including:

1. China: 380.2 tonnes
2. Russia: 330.0 tonnes
3. Australia: 284.0 tonnes
4. Canada: 202.1 tonnes
5. United States: 158.0 tonnes
6. Ghana: 140.6 tonnes
7. Mexico: 40.3 tonnes
8. Indonesia: 140.1 tonnes
9. Peru: 136.9 tonnes
10. Uzbekistan: 129.1 tonnes
11. Mali: 100.0 tonnes
12. South Africa: 98.9 tonnes
13. Burkina Faso: 94.4 tonnes
14. Kazakhstan: 87.0 tonnes
15. Brazil: 83.7 tonnes
16. Sudan: 73.8 tonnes
17. Guinea: 68.0 tonnes
18. Colombia: 65.8 tonnes
19. Côte d'Ivoire: 58.0 tonnes
20. Tanzania: 51.8 tonnes

China remains the world’s biggest gold producer, contributing around 380 metric tons annually and maintaining its long-standing dominance in global gold mining. Holding the distinction of the largest consumers, China’s supremacy stretches across mining, refining, jewelry demand, and even central bank gold reserves.

Russia follows closely in second place, also producing around 330 metric tons of gold. Much of Europe’s gold supply is sourced from Russia, where the government reportedly purchases nearly two-thirds of the country’s domestic production.

Meanwhile, Australia ranks third with more than 280 metric tons of gold production after recording eight consecutive years of mining growth. Major output continues to come from projects such as Mount Morgans and Cadia Valley.

Africa has steadily emerged as one of the world’s most significant gold-producing regions, contributing nearly a quarter of global mine supply in 2024. 

Ghana led the continent with 140.6 metric tons of production, followed by Mali and South Africa. At the same time, countries including Burkina Faso, Sudan, Tanzania, and Côte d’Ivoire have rapidly expanded gold output over the past decade amid rising mining investment across the continent.

As global demand continues rising, the race among the world’s biggest gold producers is expected to intensify even further in the years ahead. For more informed news, discover the latest gas prices around the world and how energy costs compare across different countries.

Read: 5 Tips for Buying Gold and Silver Safely

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