We've recently updated our Gold Production volumes data for 2022. This data shows annual global gold production broken down both by region and country.
The significant lag in the detailed data is due to the length of time it takes for various large-scale mining (LSM) data points to be published and collated. Our figures - supplied by Metals Focus - also include estimates for artisanal and small-scale mining (AGSM). Challenges in compiling accurate estimates for this portion of global gold production also contribute to the delay.
The latest country-level data shows no change amongst the five largest gold producing nations compared to 2021. China remains the world's largest gold producer, followed by Russia, Australia, Canada and the United States. However, extending the analysis to the top 20 gold producers, things look very different compared to 2010. West African nations – such as Ghana, Mali and Burkina Faso –have grown in importance, with several now firmly within the top 20 nations. Also of note is Bolivia, which has seen a tremendous growth in ASGM over the last decade, while South Africa has continued its steady decline.
As always, we'll provide quarterly commentary on gold mine production in our Gold Demand Trends report. You can also see gold production costs - updated quarterly - on Goldhub here.
Please note that this figure represents a revision to the estimate published in our most recent in our last Gold Demand Trends report.