World Top 10 Gold Mining Companies List 2019

Published time:01 August 2019

Most international mining companies attach great importance to strategic layout. They operate a variety of minerals and resources all over the world. Especially the old brand international gold mining enterprises have experienced hundreds of years and have been developing steadily for a long time.

Join us to explore the world top 10 gold mining companies in 2019.

1. Barrick Gold Corporation

Barrick Gold Corporation is the largest gold mining company in the world, was founded in 1983 by Peter Munk, headquartered in Toronto, Canada.
Barrick Gold is principally engaged in the production and sale of gold and copper, as well as exploration and mining development activities, and its gold exploitation, mineral processing, beneficiation technology is at the forefront of the world. The company is listed on the New York Stock Exchange (codename “NYSE”) and the Toronto Stock Exchange (codename “ABX”).

barrick gold corporation

Main mines and their distribution

Barrick has more than 100 gold mines spread in continents, Canada, the United States, Peru, Argentina, Australia, the Dominican Republic and Papua New Guinea. Recently, Barrick agreed with Chinese mining giant Shandong Gold in an effort to retain its premier status.
barrick gold corporation gold mines distribution

Barrick main gold mines distribution map

There are currently five core mines: Cortez, Goldstrike, Lagunas Norte, Pueblo Viejo and Veladero, about 70% of the gold production in 2018 came from these five core gold mining areas.

barrick gold corporation gold mines distribution yield

Description of Barrick main gold mines

Barrick exploration status

Barrick is committed to continually discovering and replacing assets and resources in search and selective acquisitions. Even in the years when the gold price was low, most companies were in a state of austerity, and the company was fully committed to discovering the Lagunas Norte deposit in Peru, which was the one of the most important gold mines discovery in the 1990s. The recently major discovery is the Kotz mine in Nevada (gold reserves of approximately 283 tons).

Barrick has been focusing on the exploration of Nevada minerals, one of the most stable places in the world, and Barrick has strong control over the minerals in Nevada. In 2014, Barrick’s 50% budget was allocated to the Nevada exploration project, mainly for prospecting exploration of the Goldrush project. In addition to this project, Barrick still has other development opportunities and projects in the vicinity of Nevada, including Kotz and The Goldstrike project, which helps companies overcome risk and adjust capital back.

2. Newmont Mining Corporation

Founded in 1921 and listed in 1925, Newmont is headquartered in Greenwood Village, Colorado. The company has approximately 30,000 employees, most of whom are in the United States, Australia, Ghana, Peru and Suriname. Its operations are mainly in gold, copper, coal, oil and natural gas. In February 2002, it acquired Canada’s Franco-Nevada and Australia’ Normandy. Newmont is a leader in the value creation industry and the only gold producer in the S&P 500.

Newmont Mining Corporation

Main mines and their distribution

Currently, Newmont has more than 40 projects in North America, South America, Oceania, Indonesia, Africa, Asia, and other regions.
Newmont gold mines distribution

Barrick main gold mines distribution map

Newmont Mining Corporation gold mines distribution yield

Newmont exploration status

In 2016, the Newmont has proven and probable gold reserves of 1,942 tons, with a mining area of 59,000 km2. At present, three-quarters of the company’s gold reserves are concentrated in the United States and Australia. Through the drilling survey in Australia alone, has added 116t of gold reserves, especially the Tanami and Merian mines, which have increased by 40t and 17t respectively. The discovery of these high-quality gold ore has raised the average gold grade to 1.2×10-6.

3. Anglogold Ashanti

Founded in 1944, AngloGold Ashanti is the third-largest gold mining company in the world, headquartered in Johannesburg, South Africa. AngloGold Ashanti is a global gold producer, with 17 gold mines in 9 countries and exploration projects in gold production areas around the world, has been listed in the New York, Johannesburg, Accra, London, Australia, and Paris and Brussels stock exchanges.

Anglogold Ashanti

Main mines and their distribution

AngloGold Ashanti’s mining projects are mainly distributed in Africa, Australia and the Americas.

AngloGold Ashanti main gold mines distribution map

AngloGold Ashanti gold mines distribution yield

AngloGold Ashanti exploration status

From 2015 to 2016, the company invested a total of 1.79 million euros in exploration, increasing the amount of mineral resources of 283 tons, produced 3.8 million ounces of gold in 2017. The value of AngloGold Ashanti’s assets is around $9.5 billion.

4. Goldcorp Inc.

Goldcorp Inc. is a gold producer engaged in the trading, exploration, development and acquisition of precious metals in Canada, the United States, Mexico, Central America and South America. Current operating is mainly in the sale of gold, copper and silver.
Goldcorp Inc. was originally established on March 31, 1994, and later acquired Glamis Gold. The merged new company was formally established on December 1, 2006.

Goldcorp Inc. is one of the world’s lowest-cost and fastest-growing gold producers with operations throughout the Americas. Headquartered in Vancouver, British Columbia, Canada, employs more than 15,000 people worldwide.

Goldcorp Inc.

Main mines and their distribution

The main mines of Goldcorp are located in Canada, the United States and Latin America. The Red Lake mining area is located in the world’s brightest gold belt and is one of the highest grade gold mines in the world. HGZ is the core producer of gold in the Red Lake mining area, with an average grade of 56.7×10-6, but it is expected that by 2020, the ore in the plateau mining area will be exhausted.

Goldcorp Inc. is advancing the exploration of two new mining areas, Cochenour and HG Young, which have great potential to become a source of new ore.

Goldcorp Inc. main gold mines distribution map

Goldcorp Inc. exploration status

In the next five years, the company plans to increase its gold production and gold reserves by 20%, while reducing the cost per ounce by 20%. After years of cost reduction, the industry is experiencing a decline in gold production and gold reserves and a possible increase in unit costs.

In 2017, the company’s exploration and development has made great progress, and the Cerro Negro, Silica Cap and Bajo Negro projects have achieved encouraging results, and these projects continue to have new discoveries. The results obtained include gold-bearing ore bodies with a grade of 20.80×10-6 over 5.01m thick (Bajo Negro project, BDD-17006), and gold-bearing ore bodies with a grade of 4.75×10-6 and a thickness exceeding 5.16m thick. (Silica Cap project, SCDD-17003).

5. Kinross Gold Corporation

Kinross Gold headquartered in Canada with mines and projects in Brazil, Canada, Chile, Ghana, Mauritania, Russia and the United States, mainly engaged in gold mining, silver mining, exploration, extraction, processing, etc.
Listed on the Toronto Stock Exchange (code: K) and the New York Stock Exchange (code: KGC).

In 2016, the company produced a total of 79t of gold, which refreshed the company’s production record. Despite the multi-faceted challenges, the company’s operating performance in 2016 remained strong. With the increase in the price of gold, the company’s cash flow exceeded $1 billion and its assets and liabilities performed well.

Kinross Gold Corporation

Main mines and their distribution

The main gold mines are located in the Americas, West Africa and Russia, its proven recoverable reserves are 863.4 million tons. The proportion of resources distribution is 12.5% in North America, 81.99% in South America, and Russia. 0.22%, Africa 5.29%, mostly open-pit mines, and all are wholly-owned or absolutely controlled.

Kinross Gold main gold mines distribution map

Kinross Gold exploration status

Kinross Gold is stepping up its expansion of known mineralized belts, and the Kupor mining area has great potential, drilling procedure has found obvious mineralization in certain areas. In the past few years, the company has taken many measures to promote key projects to extend mine life, maintain quality products, reduce costs and increase cash flow.

6. Newcrest Mining Limited

Headquartered in Melbourne, Australia, Newcrest Mining Limited is the largest gold producer listed on the Australian Stock Exchange (ASX), one of the top 50 listed companies on the Australian Stock Exchange and one of the world’s largest gold producers.

Newcrest Mining Limited

Main mines and their distribution

Newcrest mines are mainly located in Australia, Papua New Guinea, Indonesia and Côte d’Ivoire. Current major businesses include Cadia Hill (New South Wales, Australia), Telfer (Western Australia), Gosowong (Halmahera Island, Indonesia), Lihir Island (New Ireland, Papua New Guinea), and Bonikro (Côte d’Ivoire).

Newcrest Mining Limited main gold mines distribution map

Newcrest Gold exploration status

In the past 15 years, Newcrest has discovered several large deposits.

Newcrest is currently evaluating two major exploration areas in the provinces of Namosi and Papua New Guinea in Fiji. Its joint venture, Namosi, is conducting a survey of Namosi and Natasiri provinces about 30km south of Suva, which covers an area of approximately 724km2. The Golpe exploration project is located in the Mobori province of Papua New Guinea, expected to have a mineral resource of 737t gold and 8.8 million tons. Copper and 1361t of silver.

7. Gold Fields Limited

Gold Fields is a world-renowned gold producer and a major player in gold resources in South Africa, Ghana, Australia and Peru. Principally engaged in underground and surface gold and copper mining and related activities, including exploration, mining, processing, and smelting.
In 2012, Gold Fields established a new company headquartered in South Africa and split its subsidiary, Sibanye Gold, which is 100% owned.

Main mines and their distribution

Gold Fields mines are mainly in Australia, South Africa, the Americas and West Africa, and are mostly open-pit mines, all of which are wholly or wholly owned.

Cerro Corona mine, located on the eastern slope of the western Sierra Mountains in northern Peru, has reserves include 37t gold and 208,800 tons of copper.
Gold Fields has St Ives, Agnew, Darlot, Granny Smith mines, and 50% owned Gruyere in Australia, with a gold resource of 439 tons and a reserve of 164 tons.
The largest mine in South Africa is the South Deep mine, one of the largest gold mines in the world, with a gold resource of 1786 tons and a reserve of 1057 tons.
In addition, Talca and Dama mine in West Africa, Gold Fields own 90% of the shares and the remaining 10% are held by the Ghanaian government.
Gold Fields gold mines distribution

Gold Fields main gold mines distribution map

Gold Fields exploration status

The company has increased its exploration investment year by year. The investment in Australia has increased from US$68.1 million to US$89 million, and the total drilling depth has increased from 617.14 km to 661.36 km.
A major breakthrough was made in the exploration project at Ives and the Granny Smith mine.

8. Polyus Gold

Located in Moscow, Polyus is Russia’s largest gold producer and one of Kazakhstan’s largest metal producers, with gold production ranking among the top ten in the world, has proven gold reserves of 1865t.

Polyus is mainly involved in the eastern Siberian region where is rich in gold, and in some alluvial plains. In addition, it has mining rights or exploration rights for several gold mines in Kazakhstan, Romania and Kyrgyzstan.

Polyus Gold

Main mines and their distribution

Polyus main mines include the Olimpiada, Blagodatnoye, Titimukhta, Verninskoye, Alluvials and Kuranakh mines. The Olimpiada mine is located in Russia’s largest gold mining area and is the company’s largest project. The mine started production in 1996 and currently accounts for more than one-third of the company’s total gold production. In 2015, it produced 21 tons of gold. The exploration work in the area shows that there is huge potential in the vicinity.

The Blagodatnoye mine is about 25km from the Olimpiada mine. It is the company’s second-largest mine and was commissioned in July 2010. It is the largest gold ore processing plant in Russia.

GoPolyus gold corporation gold mines distribution yieldPolyus main gold mines

Polyus exploration status

The Polyus exploration mines are Chertovo Koryto, Panimba and Razdolinskaya, Nezhdaninskoye and Bamskoye.
The Chertovo Koryto mine is about 170km from the Verninskoye mine, located in the southern Siberian gold belt, with a gold resource forecast of 88t.
The Panimba and Razdolinskaya mines are located in the Krasnoyarsk region of eastern Siberia with a gold resource (presumed) of 165t.
The Nezhdaninskoye mine is located in the Vihoyansk Mountains, a preliminary feasibility study report jointly developed by SNC-Lavalin and Gold Fields and AB Global Mining has been submitted and is currently under review.
The Bamskoye mine is part of Nevachanskaya, located in the northern part of the Amur region bordering China with a gold resource of 99t.

9. Sibanye Gold

Sibanye Gold was once a wholly-owned subsidiary of Gold Fields, independently listed in 2013 and is focused on gold mining in South Africa. It currently owns and operates three open-pit gold mines and one underground gold mine in South Africa.

Sibanye gold

Main mines and their distribution

Sibanye Gold mines distribution

Polyus exploration status

In 2013, Sibanye Gold and Gold One International Ltd. entered into an agreement through which the company acquired ownership of the Cooke underground and open-pit mines in West Witwatersrand and bid for a 100% stake in Witwatersrand United Resources Ltd.
Later, acquired Aquarius Platinum Limited (Aquarius) in 2016 and acquired Rustenburg’s platinum assets from Amplats.
In May 2017, Sibanye Gold’s acquisition of Stillwater Mining Company came into effect.
These acquisitions increase the annual gold production of the Sibanye Gold, increase the operational flexibility, and have a great opportunity to bring new blood into the Sibanye Gold company.

10. Harmony Gold

Harmony Gold has more than 60 years of history and is one of the world’s largest gold mining companies. It is the third-largest gold producer in South Africa and employs approximately 30,441 people in South Africa. The company is listed on the Johannesburg and New York Stock Exchange.

Harmony has nine underground mines in South Africa, an open-pit mine and several surface mines, as well as a 50% stake in the Morobe mining joint venture, including the Gorp project. These mines are located in the world-famous Witwatersrand Basin and the Kraaipan Greenstone Belt.

Harmony Gold

Main mines and their distribution

The main gold mines operated by Harmony include the Doornkop, Kusasalethu, Phakisa, Tshepong, Target, Hidden Valley, Kalgold and Unisel mines, which together account for more than half of the company’s total production.
Harmony Gold mines in south Africa

Harmony Gold exploration status

Harmony Gold’s exploration program is mainly in South Africa and Papua New Guinea, focus on discovering large and long-term gold and copper mines. In 2016, $29.9 million was invested in exploration in the Papua New Guinea region.

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