Global Gold Rush: Top 5 Nations Mine Billions, Dominate World Supply

• Global gold production reached approximately 3,300 metric tons in 2024, with a few countries dominating the market.
• China leads with 370 metric tons (2024), followed by Russia (310 MT), Australia (300 MT), Canada (200 MT), and the United States (170 MT).
• Australia holds the world's largest gold reserves, producing 300 metric tons from mines like Boddington and Cadia.
• Russia's gold production remained strong at 310 metric tons despite global sanctions and the Russia-Ukraine conflict.
• The US (Nevada, Alaska) and Canada (Ontario, Quebec) leverage advanced infrastructure and policies for significant gold output and exports.

Why It Matters: Five nations, led by China, dominate global gold production, significantly impacting the world economy.