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.