According to GlobalData, Papua New Guinea is the world’s eighteenth-largest producer of gold in 2022, with output up by 4% on 2021. Over the five years to 2021, production from Papua New Guinea decreased by a CAGR of 7.57% and is expected to rise by a CAGR of 11% 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.
Papua New Guinea accounts for 1% of global production, with the largest producers being China, Australia, Russia and Canada.
Leading producers of gold in Papua New Guinea are Newcrest Mining, Zijin Mining Group, Harmony Gold Mining and Barrick Gold. During 2020-2021, Newcrest Mining's output was down by 11%, Zijin Mining Group's output increased by 17%, while output from Harmony Gold Mining increased by 23%.
For more detailed analysis of global gold mining, buy the report here.
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