Production of Gold in Canada reached 7,061.94Thousand Ounces in 2023
Production grew by a CAGR of 5.48% between 2020 to 2023,and is expected to grow by...
GlobalData projects the production to grow at a CAGR of...
Gold Production in Canada
Gold mining
According to the US Geological Survey (USGS), Canada held a significant position in the global total as of February 2019. Gold reserves in the country are primarily located in the provinces of Ontario, Quebec and British Columbia. Some of the largest gold-bearing deposits in Canada include the Detour Lake Project, Brucejack Project, Porcupine Mine and Canadian Malartic Project located in Cochrane, Stewart, Timmins and Val-d’Or respectively.
Production from newly commenced mines such as Pretium Resources’ Brucejack Mine, Hope Bay Mine, Moose River Consolidated (MRC) Mine and Rainy River gold project were behind the rise in gold production. Canada is one of the largest contributors to the global supply of gold.
Global gold reserves
According to the US Geological Survey (USGS), global gold reserves held a significant position as of January 2020. The majority of these are located in Australia, Russia, South Africa, the US and Indonesia. The other countries are Brazil, Peru and China.
US gold reserves
The US had the world’s fourth largest gold reserves holding a significant share out of the global total as of January 2020. Gold reserves in the country are primarily located in the states of Nevada, California and Alaska.
The country’s largest gold mines in terms of metal reserves include South Deep Gold, Mponeng, West Rand Tailings Retreatment, Ergo and Kloof Gold mines.
Global gold producers
Newmont Corp.
Newmont Corp. is a mining company engaged in the exploration, production, processing and refining of several minerals, including gold, silver and copper. The company has mining assets in Canada, the US, Australia, Peru, Suriname, Mexico, the Dominican Republic, Argentina and Ghana. Its portfolio of mining assets includes Carlin, Phoenix, Twin Creeks, Long Canyon, Tanami, Boddington, Ahafo and Yanacocha, among others.
Barrick Gold Corp headquartered in Canada, is engaged in the exploration and development of mineral properties. The company stood as the second largest gold producer in the world. The company focuses on the production and sale of gold and copper, as well as other related activities such as exploration and mine development. The company primarily owns gold, silver, copper and nickel mines such as Pueblo Viejo, Goldstrike, Cortez, Kibali, Porgera, Veladero, Turquoise Ridge and others. The company operates in Canada, the US, the Dominican Republic, Peru, Chile, Argentina, Tanzania, Zambia, Australia, PNG and Saudi Arabia. It also owns gold mines and exploration properties in Africa, as well as gold projects in South America and North America.
The other notable gold producers are
Switzerland
China
Japan
Luxembourg
South Korea
Japan
United Kingdom
Australia
Japan
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