Top 5 countries with the largest Gold Mine Reserves: Gold is one of the most precious metals in the world. Gold has been used for different purposes since ancient times. The metal has been in use since at least 5,000 years ago in ancient Egypt, where it was used to decorate tombs, temples and other objects.
Even in modern times, gold is used in currency, jewelery and electronics. Let us know about the top five countries with the largest gold reserves in the world:
1. Australia – 10,000 tonnes
NS Energy According to US Geological Survey (USGS) data, Australia has the largest gold reserves in the world with 10,000 tonnes. In the year 2019, Australia was the second largest gold producing country after India and China, which increased its production level from 315 tonnes to 330 tonnes in 2018. Newcrest’s Cadia Valley mine in New South Wales is one of the world’s largest gold deposits. The world’s largest mining company BHP is headquartered in Melbourne. Whereas the second largest company Rio Tinto has many mines across Australia.
2. Russia – 5,300 tonnes
Russia ranks second in the USGS list of countries with the largest gold reserves in the world with 5300 tonnes. Russia was the third largest producer of gold in 2019. Polyus Gold’s Olympiada gold mine in the Krasnoyarsk region of Eastern Siberia, Russia, is the third largest operating gold mine in the world.
3. South Africa – 3,200 tonnes
South Africa is at third place in the list of largest gold mine reserves with 3,200 tonnes. Until 2006, South Africa was the largest gold producing country in the world. In 1970, South Africa had produced the highest ever gold production of 995 tonnes. Its production has declined from 117 tonnes in 2018 to 90 tonnes in 2019.
4. America – 3,000 tons
America is the country with the fourth largest gold reserves in the world with 3,000 tonnes. Its production level had fallen from 226 tonnes in 2018 to 200 tonnes in 2019. Newmont has a Carlin Trend mine in Nevada. Despite the decline in production levels, America remains at fourth position.
5. Indonesia – 2,600 tonnes
Indonesia ranks fifth in the list of countries with the largest gold reserves in the world with 2,600 tonnes. Indonesia is the sixth largest producer of gold in the world, with production increasing from 135 tonnes in 2018 to 160 tonnes in 2019. Here is the world’s second largest operating gold mine.
