Gold is an element with symbol (Au) and atomic number of 79. It is a highly sought after precious metal, known for its rarity, beauty, and unique properties. Gold has been used for coinage, jewelry, and other applications for thousands of years, and continues to play an important role in the global economy today.
Gold mining refers to the process of extracting gold from the earth. This can be done through various methods, including open-pit mining, underground mining, placer mining, and heap leaching. The extraction process often requires the use of heavy machinery, such as bulldozers and excavation equipment, and can have significant environmental impacts, including deforestation, soil erosion, and the release of toxic chemicals into the environment.
Top 10 Gold Mining Companies
Theire are many national and international company do gold mining and we list out 10 major companies.So, here are the top 10 gold mining companies, along with a brief overview of each:
Barrick Gold Corporation:
Barrick Gold Corporation Headquarter is situated in Toronto, Canada. Barrick is the largest gold mining company in the world by production.
Revenue: 11.98 billion USD (Fiscal Year Ended December 31, 2021)
President: Mark Bristow
Founded: 1983
Founder: Peter Munk
Subsidiaries: Porgera Joint Venture, Barrick Gold Financeco, LLC.
Newmont Corporation:
Newmont is an American-based mining company with operations in the United States, Australia, Ghana, Peru, and Suriname.
Revenue: 11.49 billion USD (2020)
Number of employees: 14,300 (2020)
Founder: William Boyce Thompson
Founded: 1921
Subsidiaries: Goldcorp, Newmont Nusa Tenggara, GT Gold Corp.
AngloGold Ashanti:
Based in Johannesburg, South Africa, AngloGold Ashanti is a leading producer of gold, operating in 10 countries.
CEO: Alberto Calderon (Sep 1, 2021–)
Revenue: 4.4 billion USD (2020)
Founded: 2004
Total assets: 9.532 billion USD (2020)
Net income: 1 billion USD (2020)
Subsidiaries: Geita Gold Mining Limited, AngloGold Ashanti (Ghana) Limited.
Polyus:
Polyus is the largest gold miner company based in Russia and also is one of the top 10 gold mining companies in the world.
CEO: Pavel Sergeevich Grachev (Nov 17, 2014–)
Subsidiaries: Polyus Finance Plc, CJSC Polyus, LLC Polyus Sukhoi Log, Udinsk Gold LLC.
Founded: 1921
Type of business: Publicly listed company
Gold Fields Limited:
Gold Fields is a South African-based gold mining company with operations in South Africa, Ghana, Australia, and Peru.
CEO: Martin Preece (Jan 1, 2023–)
Subsidiaries: South Deep Gold Mine, Gold Fields La Cima SA, Abosso Goldfields Limited.
Founded: 1998
Revenue: 2.578 billion USD (2018)
Number of employees: 17,611 (2018)
Kinross Gold Corporation:
Kinross is a Canadian-based gold mining company with operations in the United States, Brazil, Russia, Mauritania, and Ghana.
CEO: J. Paul Rollinson (Aug 1, 2012–)
Headquarters: Toronto, Canada
Founded: 1993
Revenue: 3.279 billion USD (2021)
Founder: Robert Buchan
Net income: 221 million USD (2021)
Subsidiaries: Great Bear Resources, EastWest Gold Corporation, Red Back Mining.
China National Gold Corporation:
China National Gold is a state-owned company and the largest gold producer in China as well as in asia.
Founded: 1979
Key people: Song Xin, CEO
Subsidiaries: China National Gold Group, China Gold Group Investment Co., Ltd.
Evolution Mining:
Evolution is an Australian-based gold mining company with operations in Australia, Canada, and New Zealand.
Subsidiaries: Ernest Henry Mining Pty Ltd., Mt Rawdon Operations Pty Ltd.
Number of employees: 2,099 (2020)
Founded: 2011
Agnico Eagle Mines Limited:
Agnico Eagle is a Canadian-based gold mining company with operations in Canada, Mexico, and Finland.
CEO: Ammar Al-Joundi (Feb 2022–)
Headquarters: Toronto, Canada
President: Ammar Al-Joundi
Number of employees: 8,400 (Jan 2018)
Founded: 1953
Net income: 512 million USD (2020)
Subsidiaries: Canadian Malartic Corporation, Kirkland Lake Gold, TMAC RESOURCES INC.
Zijin Mining Group Co., Ltd.:
Zijin is a Chinese-based gold mining company with operations in several countries, including China, Australia, and Russia.
Subsidiaries: Mining and Smelting Combine Bor, NEO LITHIUM CORP, Guyana Goldfields.
Headquarters: Longyan, China
Number of employees: 21,455
Founded: September 6, 2000
Net income: 5.742 billion CNY
Note: The rankings of these companies may change based on various factors, including changes in production, market conditions, and other factors.
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