Commodities & Metals

World's 10 Top Producing Gold Mines

Pueblo Viejo

> Gold production (2015): 29.7 tonnes
> Country: Dominican Republic
> Country GDP (2015 estimate): $151.9 billion
> Owners: Barrick and Goldcorp Inc. (NYSE: GG)

Barrick (60%) and Goldcorp (40%) took over the mine in 2012 after the Dominican government had tried for years to work the mine. Barrick entered a streaming deal with Royal Gold Inc. (NASDAQ: RGLD) in 2015 to deliver 7.5 million ounces of the gold produced at Pueblo Viejo to Royal Gold.

Yanacocha

> Gold production (2015): 28.6 tonnes
> Country: Peru
> Country GDP (2015 estimate): $395 billion
> Owners: Newmont Mining Corp. (NYSE: NEM), Compañia de Minas Buenaventura SAA (NYSE: BVN) and International Finance, which is controlled by the World Bank.

This is the largest gold mine in Latin America, covering some 535 square miles with its five open pit mines. Unless a new deposit can extend the life of the mine, it is expected to run dry in 2019.

Carlin

> Gold production (2015): 27.6 tonnes
> Country: United States
> Country GDP (2015 estimate): $18.27 trillion
> Owner: Newmont and Barrick

The third U.S. mine on this list is also located in the Carlin trend, and the project consists of three open pits and four underground mines. The state of Nevada, and primarily the Carlin trend, account for about 75% of all U.S. gold production.

Peñasquinto

> Gold production (2015): 26.8 tonnes
> Country: Mexico
> Country GDP (2015 estimate): $2.26 trillion
> Owner: Goldcorp

This is the largest open-pit mine in Mexico and the world’s fifth largest silver mine, as well as the eighth-largest gold mine.

Lihir

> Gold production (2015): 25.0 tonnes
> Country: Papua New Guinea
> Country GDP (2015 estimate): $27.33 billion
> Owner: Newcrest (Australia)

The Lihir mine was first managed and operated by Rio Tinto before the mine was sold to Newcrest in 2010. The mine has produced more than 9 million ounces of gold since 1997.

Boddington

> Gold production (2015): 24.7 tonnes
> Country: Australia
> Country GDP (2015 estimate): $1.16 trillion
> Owner: Newmont

This is Australia’s largest gold mine, with identified reserves of 19.5 million ounces. The first gold was produced in 2009, and by 2011 the mine had produced its first million ounces.

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