Colorado-based Newmont holds onto the top spot.
Gold has taken centre stage this year as a flurry of multi-billion dollar M&A deals have played out in the industry. Newmont’sIn a snapshot of the world’s gold supply, data provides a ranking of the largest gold producers in H123, based on reported production in kilo troy ounces . This year’s ranking again excludes Russian producers, who stopped reporting production results after the invasion of Ukraine.
If current production was in line with the last reported production , Uzbekistan- based Navoi Mining and Metallurgy and Russia’s biggest gold producer Polyus would have placed fourth and fifth on the list, with 1,396 koz and 1,275 koz produced, respectively. Majority state-owned Navoi plans to start building another mine in the home country this year. Polymetal, whose production in H1-2022 would have positioned it on the list, is currently under US sanctions.
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