World’s top 10 gold mining companies

Gold has re-emerged as one of the top asset classes of 2024, having risen by 12% year to date and shattered multiple records along the way. It is now well on track for its best year since 2020.

In light of its rising significance as a safe haven asset, gold’s supply must also keep pace with the demand. The world’s production of gold has steadily gone up over the last four years, according to the World Gold Council.

Despite an 8% decline in output from 2022, Newmont remains the top gold producer with 5.5 million oz. across its global operations, which span four continents.

The Denver, Colorado-based company cemented its position as the world’s biggest gold miner last year with its $17 billion acquisition of Newcrest Mining. The deal gave Newmont a much bigger presence in Australia and Canada, adding two major operations in each country.

Barrick Gold came second despite a 2.1% fall in its production. It was followed by Agnico Eagle with a production rise of 10%, driven by its presence in Australia and Canada.