World’s Largest Gold Companies
Canada owns 4 of the top 10 largest gold companies in the world. Two of these companies are South African. The remaining four belong to Russia, Malaysia, the US, and Australia.
The number one gold company in the world, in annual production, is Barrick Gold. This Canadian company has taken the number 1 spot for several years in a row despite seeing a drop in production from 2013 to 2014. During this time, Barrick Gold was implementing a structural readjustment project that resulted in production changes. In 2015, the company announced that it would be measuring its success in terms of financial results rather than production amounts. In 2016, the company produced a total of 203.1 tons of gold. It has mining operations in 10 countries: the Dominican Republic, Canada, Argentina, Chile, Papua New Guinea, Australia, Peru, Saudi Arabia, Zambia, and the US.
The second largest gold company in the world is Newmont Mining, a US-owned organization. Although in the number 2 spot, its 2016 production levels have significantly decreased compared to 2014 and 2015. Its most recent gold output is 142.67 tons. The Newmont Mining company has gold mining operations in Peru, New Zealand, Indonesia, Ghana, Australia, and the US state of Nevada. Worldwide, it employs approximately 34,000 employees and contractors.
The third largest gold producing company is AngloGold Ashanti, a South African enterprise. In 2016, this company produced 116.37 tons of gold. This number represents a three-year consecutive drop in production. AngloGold Ashanti operates in 9 countries. This year, it has reported that an illegal mining operation has taken control of its Obuasi mine in Ghana.
Other large gold companies can be seen in the chart published below.