Gold - Statistics & Facts
Statistics and facts about gold
Gold has always been one of the world’s most precious and coveted metals. Rarity is the primary reason for its value. Estimates on global reserves are not much higher than 54,000 metric tons. The countries with the largest estimated reserves are Australia, South Africa, and Russia. Approximately 2,800 metric tons of gold was produced worldwide in 2013. Currently, China is the world’s leading producer of gold, followed by Australia and the United States.
Among gold mining companies, Barrick Gold from Canada is the global leader with a market share of some nine percent. Barrick Gold announced revenue figures of 12.5 billion U.S. dollars for 2013. In the same year, the company produced 7.2 million ounces of gold. Newmont Mining from the U.S., and AngloGold Ashanti from South Africa are the next largest gold producers. M&A activities in the gold mining sector are very vibrant. Taking all mining and metal deals into account for 2013, gold was the most targeted commodity, both by value and number.
As the number three in global gold production, the United States produced some 227 metric tons in 2013. Nevada is by far the U.S. state with the highest gold production. Five out of the top ten U.S. gold mines are located in Nevada. Interestingly, the United States recycled some 200 metric tons of new and old scrap, while reported gold consumption came to some 160 metric tons in 2013. The United States has the largest official gold holding of any country worldwide. Approximately 8,100 metric tons of gold is held by the United States.
Over the last decade, global demand for gold has increased constantly, marking a new record high of over 4,700 metric tons in 2011. This, of course, has influenced the global price of gold. Gold has reached an annual average price of almost 1,670 U.S. dollars in 2012. For example, the price stood at some 271 U.S. dollars in 2001. This makes it clear that gold is still one of the world’s most coveted commodities and most rewarding investments.
Photo: istockphoto.com / brostock
|Global mine production of gold||2,860t||Details →|
|Global gold demand||4,383t||Details →|
|Annual average gold price||$1,266.4/oz t||Details →|
|Top Global Companies||Values||Statistic|
|Barrick Gold's revenue||10,239m||Details →|
|Barrick Gold's production of gold||6,249k oz||Details →|
|Newmont Mining's revenue||$7,292m||Details →|
|AngloGold Ashanti's revenue||$5,708m||Details →|
|U.S. mine production of gold||211t||Details →|
|U.S. gold production value||$11,800m||Details →|
|U.S. gold exports||430t||Details →|
|Reported U.S. gold consumption||165t||Details →|
- World mine reserves of gold by country 2014World mine reserves of gold by country 2014
World mine reserves of gold as of 2014, by country (in metric tons)*
- Gold - production sorted by major countries 2010-2014Gold - production sorted by major countries 2010-2014
Major countries in mine production of gold worldwide from 2010 to 2014 (in metric tons)
- Gold - countries with the largest holdings 2011Gold - countries with the largest holdings 2011
Top 10 countries with the largest official gold holdings worldwide in 2011 (in metric tons)
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