The World Gold Council has updated the ranking of gold producers for the year 2025.
Medianews.az reports that one of the most important trends in the global gold market is Africa's rapidly growing role. Overall, African countries today provide nearly a quarter of the world's gold production; Ghana, Mali, and South Africa (Republic of South Africa) are among the leading producers on the continent.
China leads the list of the world's largest gold-producing countries.
China ranks first in the world, supplying more than 10% of global production – 380.2 tons of gold. In addition, China is not only the largest producer but also one of the biggest consumers of gold worldwide. This combination gives the country exceptional influence in the global market, from production and refining (gold purification) to demand for jewelry and central bank reserves.
Russia, despite ongoing sanctions and geopolitical tensions, holds the second position with 330 tons of gold. Australia continues to benefit from its rich mineral-raw material base and developed mining sector, producing 284 tons.
In the following places is Canada (202.1 tons).
Africa has unexpectedly become one of the main centers of global gold production for many of its countries by supplying almost a quarter of the global gold supply. With a production volume of 140.6 tons, Ghana is the largest gold producer on the continent.
Other countries include Mexico (140.3 tons), Indonesia (140.1 tons), Peru (136.9 tons), Uzbekistan (129.1 tons), Mali (100 tons), and South Africa (Republic of South Africa) (98.9 tons).
For several small African economies, gold exports play a critically important role in providing state revenues and replenishing foreign exchange reserves.
Countries such as Burkina Faso, Sudan, Tanzania, and Côte d'Ivoire have significantly increased their production volumes over the past decade due to increased investments in the mining sector within the continent.
At the same time, political instability and security threats continue to complicate operations in several gold mining regions. Nevertheless, Africa remains one of the most promising growth directions for global mining companies.//Modern.az