2009 Top 10 Biggest Gold Mining Company In The World

Written by : NGDlover

Gold prices soared so high this month (exceeding U.S. $ 1,123).  It makes all parties, from analysts to the housewifes, looking carefully for changes in the price of this precious metal. All the factors that cause fluctuations in global gold prices such as foreign exchange rates, political factors, supply and demand, global economic factors, as well as interest rate, continue to be monitored by all levels of society.

Here I will share information about the 10 biggest largest gold mining companies in the world that their production number does affect the value of gold prices at the international level significantly. Data gathering mostly from each official site of these companies.

1.  Barrick Gold Corporation
Still hold the record as the biggest gold miners in the world. Based on Toronto, Canada. Operates 27 mines worldwide. Still more developing others (some as replacements and some for growth) from its owned in-the-ground reserves of gold about 138.5 million ounces.
Barrick leads the gold production with 5,525 million ounces in 9 months 2009, estimated to produce of 7.2-7.6 million ounces within year 2009  and expected to increase to approximately 7.7-8.1 million ounces in 2010.

Update per Jan 2010  Barrick Gold production is 7,616,000 ounces. (List includes Silver production as Gold Equivalent)

2.  Newmont Mining Corporation
The second largest gold producer in the world with headquartered in Denver, Colorado , USA. For first 9 months, their production of gold was 4,715 million ounces that came from 9 location worldwide. Its annual output prediction for 2009 is range between 5.2 million and 5.4 million ounces.
For 2010, the Company announced that it expects equity gold production to improve by approximately 5-10%, primarily as a result of higher production from Boddington in Australia and Batu Hijau in Indonesia.

Update per Jan 2010 Newmont Mining production is 6,860,000 ounces. List includes Silver production as Gold Equivalent.

3.  AngloGold Ashanti Ltd.
The third largest gold producer in the world. Its headquarter in Johannesburg, South Africa. Operates mines in Australia, South Africa, West Africa and South America.
Producing 3.417 million ounces for nine moths 2009. For this year's gold mines prediction at 4.55 to 4.6 million ounces.

Update per Jan 2010 AngloGold Ashanti production is 4,752,000 ounces. List includes Silver production as Gold Equivalent

4.  Freeport-McMoran Copper & Gold Inc.
Based on Arizona, North America. Their mines located at North America,  South America and Indonesia, with gold produced at  2,105  million ounces for the first 9 months in 2009.

Update per Jan 2010 Freeport-McMoran Copper production is
List includes Silver production as Gold Equivalent

5. GoldCorp Inc.
Based in Vancouver, Canada. This 9 month period (ended September), they produce 1,820 millions ounces gold ounces from their 16 mines worldwide.
For the year 2009, they have gold production guidance approximately 2.4 million ounces.

Update per Jan 2010 GoldCorp production is 2,484,400 ounces. List includes Silver production as Gold Equivalent

6. Kinross Gold Corporation
Headquartered in Toronto, Canada. For the first 9 months of 2009 they have gold production 1,624,807 ounces that comes from 9 mines wolrdwide.

Update per Jan 2010 Kinross Gold production is 2,149,761 ounces. List includes Silver production as Gold Equivalent

7.  Harmony Gold Mining Co. Ltd.
Office located at Randfontein Gauteng, South Africa. For the first 9 month of the year 2009, they produced 1.46 million ounces of gold, making it one of the world’s largest gold mining companies. The group’s operations are located in 2 country : South Africa (primarily on the Witwatersrand Basin in four provinces, Gauteng, North West Province, Mpumalanga and the Free State) and Papua New Guinea.

Update per Jan 2010 Harmony Gold Mining production is
List includes Silver production as Gold Equivalent

8. Newcrest Mining Ltd.
Head Office in Melbourne,Australia. Gold production 1,139,704 ounces. Newcrest owns and operates six mines , five located in Australia and one in Indonesia.

Update per Jan 2010 Newcrest Mining production is 1,508,336 ounces. List includes Silver production as Gold Equivalent

9. Gold Fields Inc. 
Headquartered in Johannesburg, South Africa. They have operations in South Africa, Ghana, Australia and Peru. They have gold production at 906,000 ounces in the first 9 months. Their aim is to increase production to approximately 925,000 ounces in this next quarter.

Update per Jan 2010 Gold Fields production is 3,952,000 ounces. List includes Silver production as Gold Equivalent

10. Lihir Gold Ltd.
Headquartered in Papua New Guinea, with operations in Papua New Guinea, Australia and West Africa. For the first nine months 2009 they have gold production 845,000 ounces. For the full year 2009, the company expects to produce 1 to 1,2 million ounce.

Update per Jan 2010 Lihir Gold production is    ounces
List includes Silver production as Gold Equivalent
As additional information, following other major mining companies :

Rio Tinto plc (RTP)
London-based mining giant  . Rio Tinto's gold and silver interests are located at Kennecott Minerals and Kennecott Utah Copper in the USA, and at our joint ventures at Escondida (Chile), Grasberg (Indonesia) and Northparkes (Australia). For this year 2009, I have difficulties in gathering their gold production news. but for the las year, they have 1,23 million ounce. from mines located at Bingham Canyon (U.S), Cortez/Pipe Line (U.S) and Grasberg (Indonesia) from uk.reuters.com / www.infomine.com

Agnico-Eagle Mines Ltd.
Canadian company headquartered in Toronto.Quantity of gold produce (payable gold production) in the first nine months of 2009 was 329,628 ounces. For the full year production is expected to be approximately 500,000 ounces of gold.
Their 2010 gold production forecast is now 1.0 million ounce to 1.1 million ounce, while their forecasts for 2011 through 2015 remain unchanged.

Update per Jan 2010 Agnico-Eagle Mines production is        ounces

List includes Silver production as Gold Equivalent.

Yamana Gold Inc.
Canadian company headquartered in Toronto. A relatively young company that have begun operations in 2003. Total production from all mines of 314,707 ounces gold (about 8.78 ton) for the first 9 months. The company's production plan is targeting in the range of 1.05 to 1.1 million once in 2009. they are committed to the sustainable production of at least 1.1 million once annually and increasing from 2010 onward.

Update per Jan 2010 Yamana Gold production is      ounces

List includes Silver production as Gold Equivalent.


Metals Economics Group’s (MEG) recent Strategies for Gold Reserves Replacement study concludes that between 1999 and 2008 the world’s largest gold producers (those with production of 450,000 oz or more in 2008) overcame rising costs, equipment and labour shortages, electrical outages, wars, permitting hurdles, typhoons, political opposition, and other obstacles to replace almost twice their reserves lost through production. This group has increased its aggregate production by a total of 10.7 Moz/y of gold, and together accounted for about 55% of 2008 world gold production.

notegolddiamond archives  update source from GoldVal.com