Gold - Statistics & Facts

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 56,000 metric tons. The countries with the largest estimated reserves are Australia, South Africa, and Russia. Approximately 3,150 metric tons of gold was produced worldwide in 2017. Currently, China is the world’s leading producer of gold, followed by Australia and Russia.

Among gold mining companies, Barrick Gold from Canada is the global leader, with a production output of 5.32 million ounces in 2017. Barrick Gold announced revenue figures of 8.37 billion U.S. dollars for 2017. In the same year, the company had an average realized gold price per ounce of 1,258 U.S. dollars. 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 2017, gold was the most targeted commodity, both by value and number.

As the fourth largest global gold producing country, the United States produced about 245 metric tons in 2017. Nevada is by far the U.S. state with the highest gold production. Eight out of the top ten U.S. gold mines are located in Nevada. The United States reported that its gold consumption came to some 170 metric tons in 2017. The United States has the largest official gold holding of any country worldwide. As of November 2017, approximately 8,134 metric tons of gold was held by the United States.

Over the last decade, global demand for gold has increased constantly, marking a new record high of over 4,309 metric tons in 2016. This has of course influenced the global price of gold. Gold reached an annual average price of almost 1,257 U.S. dollars in 2017. To put that figure into context, 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.

Read more

Gold - Important statistics

The whole topic in one document

Gold
  • Edited and prepared
  • Download in PPT/PDF format
  • Instant access
  • From $365

The whole topic in one document

Gold
  • Edited and prepared
  • Download in PPT/PDF format
  • Instant access
  • From $365

Top 100 Companies: Luxury Goods

Statista Toplist 2018
  • all top companies in a given industry or region
  • Includes contact details and key figures
  • available to download in Excel format for a seamless workflow

Top 200 Companies: Mining & Metal

Statista Toplist 2018
  • all top companies in a given industry or region
  • Includes contact details and key figures
  • available to download in Excel format for a seamless workflow

Recommended statistics

Infographics on the topic

Gold Infographic - The Gold Reserves Of The Largest Industrial Nations

Infographics on the topic

Gold Infographic - The Gold Reserves Of The Largest Industrial Nations

Other studies on the topic

More interesting topics from the industry "Mining, Metals & Minerals"

More interesting topics from the industry "Mining, Metals & Minerals"

About Statista

Learn more about how Statista can support your business.

Request webinar

Any more questions?

Any more questions?

Get in touch with us quickly and easily. We are happy to help!

Get in touch with us quickly and easily. We are happy to help!

Do you still have questions?

Feel free to contact us anytime using our contact form or visit our FAQ page.

News