Largest gold companies
List of the largest gold mining companies by output and market value
From Wikipedia, the free encyclopedia
Gold mining companies can be ranked by various metrics, including annual production, cash costs per ounce, and market capitalization. The most common rankings are based on either total gold output (in ounces) or market capitalization, which reflects the total value of a company’s outstanding shares.[1]
As of 2024, the world’s top 10 largest gold producers by output included US-based Newmont Corporation, Canada-based Barrick Gold, Russia-based Polyus, China-based Zijin Mining.[2] China remains the top gold-producing country, followed by Russia, Australia, Canada, and the United States.[3]
While global gold production peaked around 2018–2019, recent years have seen stable but slightly declining output, largely due to resource depletion in mature mining regions and increased production costs.[4]
Ranking
The following are the world’s largest publicly reporting gold mining companies by production in 2024, measured in million ounces.[5] This ranking is based on Bloomberg and company disclosures. Figures for China National Gold Group and Navoi Mining and Metallurgical Company are excluded due to limited public reporting, though both are believed to be major global producers, with Navoi's output estimated at approximately 2.86 million ounces (88.9 tonnes) in 2024 and China Gold contributing significantly to China’s national production of around 370 tonnes.[6][7]
| Rank | Company | Country | Production (million ounces) |
|---|---|---|---|
| 1 | Newmont |  United States | 6.7 |
| 2 | Barrick Gold |  Canada | 3.9 |
| 3 | Agnico Eagle Mines | Canada | 3.5 |
| 4 | Polyus |  Russia | 3.0 |
| 5= | AngloGold Ashanti |  South Africa | 2.6 |
| 5= | Zijin Mining |  China | 2.6 |
| 7 | Gold Fields | South Africa | 2.1 |
| 8 | Kinross Gold | Canada | 2.1 |
| 9 | Freeport-McMoRan | United States | 1.9 |
| 10 | Northern Star Resources |  Australia | 1.6 |
Forbes Global 2000
The Forbes Global 2000 is an annual ranking of the world's largest public companies published by Forbes magazine. Companies are ranked based on a composite score of revenue, profit, assets, and market value. While not exclusively ranked by size or gold output, it remains one of the most widely cited measures of corporate scale.[8]
As of the 2024 list, the following gold and gold-related mining companies were included:
| Rank (Global) | Company | Country | Revenue (US$ billion) | Profit (US$ billion) | Assets (US$ billion) | Market Value (US$ billion) |
|---|---|---|---|---|---|---|
| 267 | Zijin Mining Group | China | 40.22 | 3.06 | 49.24 | 63.25 |
| 353 | Freeport-McMoRan | United States | 23.81 | 1.64 | 54.2 | 77.9 |
| 597 | Barrick Gold | Canada | 11.49 | 1.45 | 45.84 | 31.4 |
| 784 | Newmont | United States | 13.12 | -2.67 | 55.34 | 50.44 |
| 1102 | Agnico Eagle Mines | Canada | 6.95 | 0.47 | 28.8 | 35.0 |
| 1648 | Gold Fields | South Africa | 4.5 | 0.70 | 8.23 | 14.46 |
| 1737 | Shandong Gold Mining | China | 8.36 | 0.25 | 19.04 | 10.64 |
Several gold-focused companies that previously appeared in earlier editions, such as Goldcorp, AngloGold Ashanti, Newcrest Mining, and Yamana Gold, have either been acquired or dropped from the list due to changes in size, profitability, or corporate restructuring. For example, Goldcorp was acquired by Newmont in 2019, and Yamana was acquired by Pan American Silver and Agnico Eagle in 2023.[9]