According to GlobalData, Papua New Guinea is the world’s eighteenth-largest producer of gold, with output of 1,639koz in 2022, up by 4% on 2021. Over the five years to 2021, production from Papua New Guinea decreased by a CAGR of 9.58% and is expected to rise by a CAGR of 12% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its report. Buy the report here.
Papua New Guinea accounts for 1% of global production, with the other largest producers being China (11%), Australia (10%), Russia (8%) and Canada (7%).
Leading producers of gold in Papua New Guinea are Newcrest Mining, Zijin Mining Group, Harmony Gold Mining and Barrick Gold. Newcrest Mining's output was 713.87koz in 2021, down by 11% on 2020. Zijin Mining Group produced 288.60koz, an increase of 17%, and output from Harmony Gold Mining was 230.15koz, an increase of 23% on the previous year.
For more detailed analysis of gold in Papua New Guinea, buy the report here.