Top 3 Gold Miners in the World

By: Monty Guild

Where is most of the gold found in the world?

1. The most Goldfield.
A Goldfield is an area that contain an abundance of gold or gold ore that can be mined. It is located in South Africa, the Witwatersrand Basin. It is estimated that 40% of the gold ever mined has come out of the Basin. Until 2006, South Africa was the world's dominant gold producer, but recently other countries such as China, Russia, Canada, the United States, Peru and Australia have surpassed South Africa. In 2016 the United States produced 209 tonnes of gold, worth about US$8.5 billion, and 6.7% of world production, making it the fourth-largest gold-producing nation, behind China, Australia and Russia.

2. The largest Gold mine
Grasberg gold mine in the Papua province of Indonesia. It is currently the world's largest gold mine in terms of contained gold. Grasberg is owned by Freeport-McMoRan (FCX).

Top 3 Largest Gold Miners in the World
All these golds are then mined and extracted by some of these Gold miners below. 

#3, Third Largest Gold Miner
Goldcorp (11bil Market Cap)

Mines for gold, silver, lead, zinc, and copper deposits. The company was founded in 1954 and headquartered in Vancouver, Canada.

It's mines are located in Red Lake, Porcupine, Musselwhite, and Éléonore mines in Canada; the Peñasquito mine in Mexico; the Cerro Negro mine in Argentina; and the Pueblo Viejo mine in the Dominican Republic. Goldcorp Inc. Pays a dividend of 0.6% annually

#2, Second Largest Gold Miner
Barrick Gold (17bil Market Cap)

Mines for gold, copper and nickel deposits. The company was founded in 1983. Headquartered in Toronto, Canada.

It's mines are located in United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia. As of December 31, 2016, it had proven and probable gold reserves of 86 million ounces. Pays a dividend of 0.74% annually.

#1, Largest Gold Miner
Newmont Mining (19bil Market Cap)

Newmont mines for Gold, Silver and Copper. The company’ was founded in 1916. Headquartered in USA, Greenwood Village, Colorado. 

It's mines are located in United States, Australia, Peru, Indonesia, Ghana, and Suriname. As of December 31, 2016, it had proven and probable gold reserves of 68 million ounces and an aggregate land position of approximately 23,000 square miles. Pays a dividend of 0.8% annually. 

When it comes to investing in Gold
Investing in miners stocks makes perfect sense. Afterall, no one can steal our gold stocks. Newmont is our personal favourite as it has the longest corporate history and provides more stability for that peaceful night sleep especially during rough days. 

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