The world's top 10 largest gold mines in Q2 2021 - report
(Kitco News) - Barrick’s Carlin operation in Nevada was the world’s largest gold producing center in Q2 2021. Freeport-McMoRan’s Grasberg mine in Indonesia was just 6 thousand ounces short to beat Carlin.
Kitco ranked the top ten largest gold mines in the world based on the reported production figures for Q2 2021; hence, the world’s largest Muruntau gold mine in Uzbekistan was excluded from this quarterly ranking due to lack of data.
Barrick’s Carlin operation in Nevada, USA, is the largest gold producing center globally. Carlin’s gold production of 309 koz in Q2 2021 was 19% lower compared to the same prior year period, mainly due to lower production from the
Goldstrike autoclave following the transition from acid to alkaline ore.
Freeport-McMoRan’s Grasberg mine in Indonesia sits second with 303 koz of gold produced in Q2 2021, which is a significant 60% increase compared to Q2 2020, as the ramp-up of underground production continues to advance on schedule. The successful completion of this ramp up is expected to enable to generate average annual production for the next several years of 1.55 billion pounds of copper and 1.6 million ounces of gold. Freeport expects production for the year 2021 to approximate 1.3 billion pounds of copper and 1.3 million ounces of gold, which is nearly double 2020 levels.
|GCM Mining delivers robust PEA for Toroparu gold and copper project in Guyana, with $1.7 billion free cash flow|
Owned by Polyus, Olimpiada is the largest gold mine in Russia and the third biggest gold operation worldwide. Olimpiada produced 270 koz of gold in Q2 2021. On a year-on-year basis, its total gold output decreased by 12%, which was primarily driven by lower grades in ore processed and lower recovery rates.
Jointly owned by Barrick Gold and AngloGold Ashanti, Kibali mine in the Democratic Republic of the Congo sits fourth with 202 koz of gold produced in Q2 2021. Gold production in the three month period ended June 30, 2021 was 1% higher than the same prior year period, mainly due to improved throughput and recovery, partially offset by lower grade ore processed.
Barrick’s Pueblo Viejo mine in the Dominican Republic is fifth with 195 koz of gold produced in Q2 2021. Gold production for the three month period ended June 30, 2021 was 5% higher than the same prior year period, due to higher throughput resulting from a shorter annual plant maintenance shutdown period. This was partially offset by lower grades processed, in line with the mine and stockpile processing plan, as well as lower recovery driven by the ore blend.
Newcrest’s Cadia is the biggest gold operation in Australia and sixth in the world with 195 koz of gold produced in Q2 2021. Compared to Q2 2020, production at Cadia decreased by 18% primarily due to a reduction in gold head grade.
Newmont’s Boddington mine in Australia sits seventh. Gold production in Q2 2021 of 188 koz increased 12% year-over-year primarily due to higher ore grade milled and higher mill throughput, partially offset by lower recovery.
Jointly owned by Agnico Eagle and Yamana Gold, Canadian Malartic is the largest gold mine in Canada and eighth largest gold operation in the world. Gold production in the second quarter of 2021 of 184 koz increased 62% when compared to the prior-year period primarily due to higher throughput levels and higher gold grades.
Barrick’s Cortez operation in the United States sits ninth. Gold production for the three month period ended June 30, 2021 of 179 koz was 17% lower than the same prior year period, mainly due to lower refractory ore tonnes processed at the Carlin roasters as a result of displacement by higher grade Carlin refractory ore.
Another Barrick’s Loulo Gounkoto mine in Mali is closing the top 10 list with 179 koz of gold produced in Q2 2021. Gold production in the three month period ended June 30, 2021 was 2% higher compared to the same prior year period, primarily due to slightly higher grades processed and higher throughput.
Overall, the top 10 largest gold operations in the world produced 2,204 koz of the yellow metal in Q2 2021, an increase of 1% compared to Q2 2020 (2,174 koz).