The Big 10 · Canadian Companies · South Africa. Polyus is the largest gold-producing company in Russia and also one of the world's leading gold mining companies by production. Based in Moscow, the company is listed on the Moscow and London stock exchanges. Its main gold mining operations are in Eastern Siberia and the Far East, including five operating mines, alluvial operations and several advanced development projects.
It operates in Africa, Australia, North and South America, and has mining reserves totaling 94.2 million attributable ounces of gold. It also extracts copper, silver, zinc and lead. The mining company, which also produces copper, operates in 13 countries in North and South America, Africa, Papua New Guinea and Saudi Arabia. AngloGold Ashanti was formed as an entity in 2004, following the merger of AngloGold and Ashanti Goldfields.
The company says it has proven and probable gold reserves totaling 61 million ounces, of which 24 million are held by the Olympiad project. The Canadian company was founded in 1993 and operates a portfolio of mines and projects in the United States. USA, Brazil, Chile, Ghana, Mauritania and Russia. The Nevada Gold Mines company consists of 10 underground mines and 12 open pit mines, two autoclave facilities, two roasting facilities, four oxide mills, a flotation plant and five heap leaching facilities.
In its first year, the company “not only met the production and cost targets set at the start of the joint venture, but it did so despite the last few months of stress experienced as a result of the Covid-19 pandemic. According to Newcrest, it has one of the largest gold ore reserves of the group in the world. With an estimated 52 million ounces of gold ore reserves, its reserve life is approximately 27 years. For the year, the company expects to produce 2.1 to 2.2 million ounces (or 65.3 tons to 68.4 tons) of gold.
Finally, Polymetal International entered this list of the top gold mining companies with a gold production of 41.3 tons. The mining company has a portfolio of nine assets that produce gold and silver in Russia and Kazakhstan. Polymetal is the second largest gold producer in Russia and is also among the world's leading silver producing companies. Gold Fields Limited is a South African gold mining company listed on both the Johannesburg Stock Exchange and the New York Stock Exchange.
Despite Canada lagging far behind its counterparts in the amount of central bank gold reserves, Canadian companies dominate the industry. By focusing on operating large mines with significant remaining resources, Barrick can produce gold at a relatively steady rate for years. The company is located in Nevada and, according to the collaborative press release by the gold companies, it is the largest gold complex in the world. The company is a global diversified gold producer with eight operating mines in Australia, Ghana, Peru and South Africa.
The resulting joint corporation, Nevada Gold Mines, is now the world's largest gold mining complex, with six mines producing more than 3.3 million ounces annually. The company produces gold through its mines, mainly in South Africa and continental Africa, although it also operates mines in Australia, Argentina, Brazil and the United States. It has a portfolio of mines throughout Russia, mainly in Siberia, the largest of which is Olympiad in the Krasnoyarsk region, one of the largest gold mines in the world. Headquartered in Johannesburg, South Africa, AngloGold Ashanti is the third largest gold producer in the world by production.
It is the largest gold producer in Russia and has more than 61 million ounces of proven and probable gold reserves. The five shares account for more than 51% of ETF assets, and Newmont Goldcorp accounts for more than 16%. Because Franco-Nevada can benefit from gold mining without exposing itself to the risks of mine development, its shares have historically outpaced the price of gold and other gold mining stocks. .