According to GlobalData, Australia is the world’s second-largest producer of gold, with output of 11,699koz in 2022, up by 9% on 2021. Over the five years to 2021, production from Australia increased by a CAGR of 0.85% and is expected to drop by a CAGR of 1.01% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Gold Mining to 2026 report. Buy the report here.
Australia accounts for 10% of global production, with the other largest producers being China (11%), Russia (8%), Canada (7%) and the US (6%).
Leading producers of gold in Australia are Newmont, Newcrest Mining, Gold Fields, Evolution Mining, AngloGold Ashanti and Westgold Resources. Newmont's output was 1,181koz in 2021, up by 1% on 2020. Newcrest Mining produced 1,044koz, a decrease of 11%, and output from Gold Fields was 1,041koz, an increase of 5% on the previous year.
For more detailed analysis of global gold mining, buy the report here.