Although the gold market has shown some declining, the top 9 biggest gold mining companies in the world have still a strong presence on the market. Insider Monkey has brought up with an arresting article again. So if you are interested in following the gold stock market, come with us and check out their listicle.
As the gold market was hit, the production of even the largest companies decreased at about 11%, while some of the biggest ones could do without any reducing. Last year the market didn’t show too much improvement. The relatevely high fluctuation was due to the two biggest superpowers in the world, as there was a trade deal between the United States and China, which are the two largest gold producer countries. Serious geopolitical uncertainties also dominated the year of 2018-2019, and with Brexit and nuclear tensions with Iran had also negative impact on the market.
This went on with the coronavirus induced global recession, which had a deep impact on the stock market all over the world. Still no-one can forecast where is the end of the coronavirus caused recession, and when the market recovers from it. All these influenced not only the stock market in general, but the gold market as well as the situation of gold mining companies, too.
And now, without a further ado – let’s see the 9 biggest gold mining companies in the world, with the help of Insider Monkey’s compilation!
Production: 63.3 tonnes
Goldfield is the first company on our list, although it had a decline in 2008, and it still hasn’t recovered since then. It’s headquartered in South Africa, it has owns mines in South Africa, Australia, Peru, and Ghana.
Production: 71.4 tonnes
This company was hit by the lackluster market, therefore its production began to decrease, but still it has got its place among the largest companies.
7. Polygus Gold International
Production: 75.9 tonnes
It’s located in Russia, and it’s the largest gold company of this country. It’s listed on both Moscow and Londen stock exchanges.
Production: 75.9 tonnes
Freeport-McMoRan is the sixth on our list today, and it has the majority holding in the Grasberg mining district. Also it possesses considerable amount of gold reserves, that’s why it got its place among the largest gold companies in the world.
5. Newcrest Mining
Production: 76.4 tonnes
Newcrest Mining is based in Australia as one of the biggest gold companies in the world, but it operates in several other countries, too, such as Ivory Coast, Indonesia, and Papua New Guinea.
4. Kinross Gold
Production: 77 tonnes
It’s headquartered in Canada with eight mines, and it has also offices in several countries including Brazil, the United States and Russia.
3. AngloGold Ashanti
Production: 106.1 tonnes
It’s a South-African behemoth, listed on New York, London, Johannesburg, Accra, Australian stock exchanges.
2. Barrick Gold
Production: 140.8 tonnes
It’s based in Toronto, Canada and it has offices in more than twelve countries all over the world, although during times this behemoth was accued of lits of crimes, such as murders, abuse, rape, arson, money laundering, bribery, and tax evasions!
1. Newmont Goldcorp
Production: 158.8 tonnes
And now, we have got to the first place on the list of the 9 biggest gold mining companies in the world, which is given to Newmont Goldcorp. This large company has around 25,000 employees in the United States.