Golden States: production of the most precious material

Pavel Prikhodko, Ph.D. Machine Learning

Historically, gold has been the most precious and coveted metal in the world due to its rarity. Currently, China is the world’s leading producer of gold, followed by Australia and Russia. Approximately 3,000 metric tons of gold were produced worldwide in 2015. In 2014, some 2,990 metric tons of gold were produced globally. The year before, in 2013, the world’s gold production approximated to around 2,800 thousand metric tons. In 2012 and 2011, the amount of gold produced globally amounted to 2,690 thousand metric tons and 2,660 thousand metric tons accordingly.


If we talk about the United States, we see that the gold production from mines approximated to 234 metric tons in 2011. In 2012, the amount of gold production was about 235 metric tons. Since then, the gold production in the United States has decreased to an estimated 230 metric tons in 2013 and to 210 metric tons in 2014. Overall, we can say that the United States is the fourth-largest global gold producing country.

In 2013, the total value of the gold produced in the country was around $10.4 billion. In 2012, the number was more impressive — $11.8 billion worth of gold produced in the U.S. In 2010 and 2009, the total value of the gold produced approximated to $9.13 billion and $7 billion respectively.


Barrick Gold, a Canadian company, is the global leader among gold mining companies, with a revenue of $9.03 billion in 2015. The American company Newmont Mining and South African company AngloGold Ashanti are the next largest gold producers. In 2015, Newmont Mining generated about $7.729 billion in revenue. In 2014, its revenue amounted to $7.292 billion. In 2013, the company generated some $8.414 billion; in 2012, $9.964 billion. Its largest revenue was recorded in 2011— $10.441 billion.


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About Pavel Prikhodko

Pavel Prikhodko, Ph.D. Machine Learning

Pavel has worked for many years as a researcher and developer on a wide range of applications (varying from mechanics and manufacturing to social data, finance and advertising), building predictive systems and trying to find stories that data can tell.

In his free time, he enjoys being with his family.

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