GOLD: WGC rates Top 10 gold miners

[caption id="attachment_1003722219" align="aligncenter" width="467"] Barrick barely beat out Newmont as the world’s largest gold producer in 2017. (Image: World Gold Council)[/caption] LONDON, U.K. – The World Gold Council has perused the numbers and determined that primary gold production his another record level in 2017. Output totaled roughly 105 million oz., up 17 million oz. from the previous year. Nearly 30% of global production came from non-state owned gold miners. Although the Top 10 list has been relatively stable for several years, The WGC believes that the next few years will see a shake-up and re-ranking of the biggest gold producers. In a nutshell, these are the world’s largest gold producers:

1. Barrick Gold: 32 million oz. in 2017, with 2018 guidance of 4.8 million oz.
2. Newmont Mining: 5.27 million oz. in 2017, with 2018 guidance of 5.2 million oz.
3. AngloGold Ashanti: 3.76 million oz. in 2017, with 2018 guidance of 3.4 million oz.
4. Kinross Gold: 2.67 million oz. in 2017, with 2018 guidance of 2.5 million oz.
5. Goldcorp: 2.57 million oz. in 2017, with 2018 guidance of 2.5 million oz.
6. Newcrest Mining: 2.38 million oz. in 2017, with 2018 guidance of 2.6 million oz.
7. PJSC Polyus: 2.16 million oz. in 2017, with 2018 guidance of 2.4 million oz.
8. Gold Fields: 2.16 million oz in 2017, with 2018 guidance of 2.1 million oz.
9. Agnico Eagle Mines: 1.71 million oz. in 2017, with 2018 guidance of 1.5 million oz.
10. Freeport McMoran: 1.43 million oz. in 2017, with 2018 guidance of 2.2 million oz.

Readers might note that there are four Canadian gold miners on this list. Don’t expect Barrick to hold on to top spot this year as Newmont’s guidance tops the Toronto company for 2018. To learn more about the work of the World Gold Council, go to www.Gold.org.