|In 2014, global gold production increased by 2 per cent from the previous year, according to a January 2015 U.S. Geological Survey report. |
While China kept its place as the single-largest producer of gold, it was certainly not the only country to contribute to the 2014 growth. Production increases took place in that country, as well as several others, including Australia, Canada, the Dominican Republic and Russia. This swelling of production outweighed some of the dips that other countries experienced, such as Peru, Tanzania, South Africa and the U.S.
Here are the top gold-producing countries in the world for 2014, as reported by the U.S.G.S.
1. Chinese gold output continues to grow, and the country kept the top spot for the eighth year in a row, Reuters reported. Last year, Chinese production grew over 5 per cent, hitting about 450 metric tons.
2. Australian growth in gold production for 2014 put the country in the number-two spot for the year, reaching approximately 270 metric tons. That represents an increase from the 2013 level and is the highest production rate by the country since 2003. While growth was strong all year, production reached a high of 73 metric tons for the fourth quarter.
3. Russia saw a significant rise in gold production in 2014, leading the country to surpass the U.S. for the first time in 25 years, RT reported. According to a report from Russia Beyond the Headlines, production increased 27 per cent in the first half of 2014 alone.
4. While U.S. gold production dropped about 8 per cent from 2013, the U.S. produced about 211 metric tons of gold last year. The country has about 45 lode mines, a few large placer mines in Alaska and numerous small mines in Alaska and other western states. Of these operations, 30 produced more than 99 percent of the total amount mined.
5. Canada - Mine production: 160 metric tons
Followed by Peru, 150 mt, South Africa, 150 mt, Uzbekistan, 102 mt, Mexico, 92 mt, Ghana 90 mt.