According to the World Gold Council primary gold production hit another record in 2017 after nine years of growth in output, albeit at a much slower pace.
Global gold production totalled roughly 105m troy ounces in 2017. Output is up 525 tonnes or nearly 17m ounces since the start of the decade.
The top 10 listed, non-state owned gold miners are responsible for nearly 30% of global output. The ranks of the top producing companies have stayed remarkably stable, but the next few years will shake-up the industry’s top tier.
Long-time leader Barrick Gold is on course to lose its top-producer status this year. The Toronto-based giant only pipped Newmont in 2017 but when considering the midpoint of its forward guidance, Barrick’s output could slide by more than 10% this year. Barrick’s gold production peaked at 7.7m ounces in 2010 and 2011.
Further down the list there have also been some changes with Kinross Gold overtaking Canadian peer Goldcorp to take fourth spot as the Vancouver company experiences another year of double digit percentage declines in output. Goldcorp, once the world’s most valuable listed gold miner during, is in a rebuilding phase with a stated goal of producing 3–4m ounces per year by 2021.
For the rest of this article: http://www.mining.com/worlds-top-10-largest-gold-mining-companies-2017/