TOP 10 GOLD PRODUCING COUNTRIES

( 125MT )

Mexico has been an economic riser in terms of GDP and manufacturing during the last decade . Its gold mining production has remained relatively steady . It dipped 10MT from 2015 to 2016 and stands at 125MT . The lower yield has been attributed to Goldcorp experiencing problems at the country ’ s top mine , Penasquito . But those numbers stand in stark contrast to just a few years back when the total output was a meagre 92MT in 2014 and the North American country did not make the top 10 list in 2011 . Gold discovery has been increasing and it is expected to remain a top producer going forward .

( 140MT )

Shrinking reserves , increased labour expenses and abrupt production stops have contributed to South Africa ’ s gold production decline . The shortfall stood at only 5MT from 2015 to 2016 , but in 2006 South African led the world in gold production at 272MT annually . Still , there are reportedly vast untapped resources yet to be unearthed and the world ’ s deepest gold mine is located in Mponeng , South Africa . The operation is said to have produced upwards of half of all the gold in the world .

South Africa ’ s Mponeng Gold Mine

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