According to GlobalData, Saudi Arabia is the world’s twenty-sixth-largest producer of gold, with output of 544koz in 2022, up by 11% on 2021. Over the five years to 2021, production from Saudi Arabia increased by a CAGR of 4% and is expected to rise by a CAGR of 5% 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.
Saudi Arabia accounts for 0.46% of global production, with the other largest producers being China (11%), Australia (10%), Russia (8%) and Canada (7%).
Leading producers of gold in Saudi Arabia are Saudi Arabian Mining and Barrick Gold. Saudi Arabian Mining's output was 372.30koz in 2021, down by 9% on 2020. Barrick Gold produced 5.28koz, a decrease of 7% on the previous year.
For more detailed analysis of gold in Saudi Arabia, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Commodity Analyzer tracks production, consumption, imports and exports of 17 key commodities across 60 countries, whilst its Mines & Projects Database tracks over 30,000 mines and projects with 200+ data fields for each, including production, operating costs, equipment and key mine-site contacts.
