Technology

Top 10 Gold Mining Companies In The World

In the past decade, gold mining companies have been on a mission to find and produce more gold. Many equipment and technologies have been used in gold mining, just like we used LHD  Machine in underground mining. Gold is in high demand due to its use as a currency and a store of value. Gold is a precious metal that has been used as currency for centuries. Mining for gold is one of the oldest professions in the world, and it’s still going strong today. In 2013 alone, more than 2 million tons of ore were mined from mines around the world–that’s 260 million pounds of gold! Further, we are going to discuss the top 10 gold mining companies in the world. 

Barrick Gold corporation 

The Barrick Gold Corporation is one of the largest gold mining companies in the world, with operations in Ghana, Australia, Canada, and Peru. The company has been around since 1983 when Peter founded it. The company operates four mines that comprise over 20% of global output annually. In 2017 alone, they produced an estimated 27 million ounces of gold from their mines around the world. They offer a wide range of services to help their customers explore gold, including exploration drilling, geophysical surveys, and consulting services.

The Barrick gold corporation is one of the leading gold miners in the world. They are also very experienced which means their prices are great!

Newmont Mining Corporation

Newmont Mining Corporation is a gold mining company with headquarters in Denver. Founded in 1917 by William Boyce Thompson, Newmont is now one of the world’s largest producers of gold and copper. 

Newmont has mines located all over the world including Peru, Indonesia, Australia, Ghana, and Canada. In 2016 they produced more than 3 million ounces of gold and more than 1 billion pounds of copper ore. 

In 2017 they had a market value of just under 19 Billion dollars and employed around 6000 employees globally.

AngloGold Ashanti

The company, AngloGold Ashanti, is a South African conglomerate with operations in Africa and the Americas. The company has a long history of sourcing gold from its mines and those owned by other companies. After acquiring Barrick Gold in 2018, the company now has access to more than 50% of the world’s production capacity for producing gold bullion bars – making it one of the largest producers on earth. 

The company operates 14 mines around the world and employs over 42,000 people.

Kinross Gold 

The Kinross Gold Corporation’s mission is to be a top-tier Canadian gold producer, emphasizing sustainable development. The corporation has been in business for over 50 years and has become one of the world’s largest publicly traded gold mining companies. 

In 2017, the company produced 1.8 million ounces of gold from North America, Latin America, and Russia. They operate or have ownership interests in 13 active mines across six countries. Their durable assets include four milling operations that can produce more than 400 tonnes per day of ore processed at a rate exceeding 10 tonnes per hour.

Agnico Eagle Mines Limited

Agnico Eagle Mines Limited is a Canadian gold mining company that operates in Mexico and Finland. The company was founded by two brothers who had experience with operating a copper mine. They have been the most successful of all the North American-based mining companies to date.

Their success can be attributed to their willingness to take risks and innovate new technologies for finding, processing, and extracting minerals. This has led them to become Canada’s largest exploration producer of silver, zinc, and lead and one of the top 5 producers of gold globally. 

The company has always taken safety seriously because they believe it is their responsibility not only for the employees but also for community members near where they operate mines around the world. 

Newcrest Mining 

Newcrest Mining is an Australian-based mining company that has been in operation for many years. They are one of the largest gold producers in the world, producing 2 million ounces annually. 

They are also involved with coal production, copper production, and exploration activities all around Australia.  

Polyus Gold

Polyus is one of the largest gold mining companies in Russia. In 2013, Polyus produced 4.5 million ounces of gold and a total mineral output of more than 9 million ounces. Polyus operates mines throughout Russia, including the Krasnoyarsk region, which houses its flagship mine Severny Pluton.

Freeport-McMoRan

Freeport-McMoRan is a global natural resource company that produces copper, gold, and molybdenum. The company was founded in 1920 by James Jimmy R. McIntyre, Sr., with $500 of his own money and some backing from the Guggenheim family. Today it has grown to be one of the world’s largest producers of these three commodities. 

Yamana Gold 

Yamana Gold is an integrated gold company with three core areas of focus: exploration, mine development, and production. The Company’s principal operations are located in Brazil, Argentina, and Canada. Yamana Gold has a primary listing on the Toronto Stock Exchange under the symbol “YRI” and trades on the New York Stock Exchange under the symbol “AUY.”

Franco-Nevada

Franco-Nevada is a publicly-traded gold mining company that has been around since 1981, with mines in North America, South America, and China.  They are currently the world’s largest publicly traded gold miners. Franco-Nevada also owns stakes in numerous other publically listed resource companies. The company was founded by Frank Giustra and Robert Friedland who wanted to find new ways of financing mineral exploration projects. This can be seen as they own stakes in more than 60 different companies.

Conclusion:

Gold mining is a lucrative industry that has been around for the last four thousand years. Many factors contribute to success in this field, such as good management and staying up-to-date with advances in technology, and using machines made by low carbon steel to ensure quality work. We’ve discussed a list of 10 gold mining companies above who we think have done an excellent job over the past year at these things. If you want your company to be on next year’s list, it’ll take hard work and dedication!

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