World’s 10 biggest gold mining companies based on 2020 production

Market Equities Research Group has released a Market Bulletin that lists the world’s 10 biggest gold mining companies based on 2020 production numbers. The following is a list of the top gold miners in the world based on their 2020 production:

1. Newmont HQ in United States NYSE:NEM 5.88 moz (-3.45%)
2. Barrick Gold HQ in Canada TSX:ABX 4.84 moz (-3.39%)
3. Polyus HQ in Russia RTC:PLZL 2.87 moz (-2.71%)
4. AngloGold Ashanti*** HQ in South Africa JSE:ANG 2.81 moz (-14.33%)
5. Kinross Gold HQ in Canada TSX:K 2.38 moz (-5.93%)
6. Gold Fields HQ in South Africa JSE:GFI 2.13 moz (+4.41%)
7. Newcrest Mining HQ in Australia ASX:NCM 2.06 moz (-11.59%)
8. Agnico Eagle HQ in Canada TSX:AEM 1.73 moz (-2.81%)
9. Polymetal International HQ in Russia LSE:POLY 1.40 moz (+6.87)
10. Harmony Gold HQ in South Africa JSE:HAR 2.38 moz (0.00%)

* Does not include equity ownership of other producers.
** Ranking excludes Uzbek state-owned enterprise Navoi Mining & Metallurgy Combinat, owner of one of the world’s largest gold mines in Muruntau, as the reliability of its information is unconfirmed (reports have it having produced ~2 million ounces of gold in 2020).
*** Reported production from continued AGA operations; production figures were adjusted to reflect a company’s ownership % as of December 31, 2020 (i.e. AngloGold sold some assets to Harmony in October).

In total, thirteen companies saw their production surpass the one million ounce mark; Canada’s Kirkland Lake Gold (1.37moz), Australia’s Northern Star Resources (1.01moz) and the UK-based Nord Gold (1.01moz). Sibanye-Stillwater almost made the list with 0.98moz of gold.

Leave a Reply

Your email address will not be published. Required fields are marked *