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World's Largest Gold Producing Countries: China

By Alex Létourneau of Kitco News
Monday June 16, 2014 2:48 PM

Editor’s Note: Kitco News will be releasing a daily feature during the week of June 16 - June 20 focusing on the world's top five gold producing countries, which will include a daily graphic of the countries largest producing mines.     

(Kitco News) - While the Chinese dominate gold production among countries, it still maintains a level of mystery as to where all these ounces come from.

Much of the mining industry in China is highly privatized and you’d be hard pressed to find traditional production figures that are generally more available around the rest of the world.

Gold production coming out of China over the last decade has more than doubled as the country produced 6,827,000 ounces of gold in 2004. In 2014, gold production estimates are expected to be around 14.5 million ounces.

Interestingly, China does not have many large scale producing mines. Above are the top gold mines in the country, with only one having produced more than 300,000 ounces of gold.

Also, China is not known for its stringent rules regarding its mining industry as the country is alleged to have a large quantity of artisanal and illegal miners using mining methods that are environmentally unsafe, mainly involving dynamite detonation and mercury pollution.

Despite some of the uncertainty of how China is growing its gold production, the fact remains it has been the fastest growing gold-producing country since the turn of the century.

Data compiled from CPM Group, news reports

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By Alex Létourneau of Kitco News aletourneau@kitco.com
Follow Alex Letourneau @alex_letourneau

 

 

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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