Top 10 biggest gold mines in South America increased production 13% in Q2 2021 - report
(Kitco News) - Kitco ranked the top ten gold producing operations in South America in Q2 2021 based on data publicly released by their owners / operators.
Kinross’ Paracatu mine in Brazil is the largest gold mine in South America. The company reported that Paracatu continued to perform well in Q2 2021 and that production of 151 koz of gold increased quarter-over-quarter and year-over-year mainly due to the timing of ounces processed through the mill, largely offset by lower throughput and grades.
Lundin Gold’s Fruta Del Norte mine in Ecuador is second. The company said that Fruta del Norte has once again delivered strong production and operating results in the second quarter of 2021 with production of 108,799 ounces. Lundin added it is on track to meet its 2021 guidance of 380,000 to 420,000 oz of gold produced. Fruta del Norte is among the highest-grade operating gold mines in the world.
Newmont’s Merian mine in Suriname sits third with 105 koz of gold produced in Q2 2021. Gold production at Merian increased 5% primarily due to higher ore grade milled and higher mill throughput, partially offset by a build-up of in-circuit ounces as compared to a draw-down in the prior year.
Another Newmont’s Cerro Negro mine, located in Argentina, is fourth and increased production 192% in Q2 2021 to 76 koz primarily due to the mine being placed under care and maintenance in the prior year as a result of ongoing COVID-19 restrictions, partially offset by lower ore grade milled.
Vale’s Salobo mine, the largest copper deposit ever discovered in Brazil and Vale’s largest copper operation, produced 74 koz of gold as a by-product in Q2 2021, which makes this mine the fifth largest gold producing operation in South America.
The top 10 biggest gold producing mines in South America produced 838 koz of gold in Q2 2021, up 13% compared to Q2 2020.
The complete list can be found on the chart.