The world’s top 10 biggest gold mines in 2020 – report – Kitco NEWS

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(Kitco News) – Kitco ranked the world’s biggest gold mines by production in 2020. The ranking below was developed on the basis of 2020 (calendar year) production figures reported by companies and preliminary estimates for Muruntau. Gold output is in thousand ounces (koz).

1. Muruntau, Uzbekistan. 2,000 koz (estimated).

The Muruntau mining complex, located in Uzbekistan and consisting of open-pit mine and heap leach operations, is estimated to have produced slightly more than 2 million ounces of gold in 2020. Operated by state-owned Navoi company, the mine is more than 3.3km long, 2.5km wide nearly 600m deep. Considering the stunning resource base, estimated in excess of 150 million ounces, Muruntau will likely keep its title as the world’s biggest gold mine in the nearest future.

2. Carlin, USA. 1,665 koz.

On July 1, 2019, Barrick’s Goldstrike (including 60% share of South Arturo) and Newmont’s Carlin were contributed to Nevada Gold Mines and are now referred to as Carlin. This gigantic integrated operation located west of the city of Elko on the geologic feature known as the Carlin Trend. Stretching 56km (35mi), the Carlin Trend was first prospected by Newmont geologists John Livermore and Alan Coope in 1965.

3. Olimpiada, Russia. 1,200 koz.

Located in one of Russia’s most prolific gold mining provinces, gigantic Olimpiada mine is Polyus’ largest operation. The mine began production in 1996 and currently accounts for over a half the Moscow-based company’s total gold output. The ore mined at the site is processed at three plants with a combined capacity of 13 million tonnes of ore annually.

4. Pueblo Viejo, Dominican Republic. 903 koz.

The Pueblo Viejo mine in the Dominican Republic is about 100 km northwest of the capital city of Santo Domingo. The mine is operated by the Pueblo Viejo Dominicana Corporation — a joint venture between Barrick (60%) and Newmont (40%).

5. Grasberg, Indonesia. 848 koz.

Freeport-McMoRan’s Grasberg copper-gold deposit in the Indonesian province of Papua was discovered in 1936 by a Dutch geologist who called it Ertsberg or “ore mountain”. The mine, which provides work for 30,000 people, is located 4,100m above sea level near Puncak Jaya, the highest mountain in Papua. Production of gold peaked in 2001 at above 3,500 koz.

6. Cadia East, Australia. 823 koz.

Newcrest’s Cadia is made up of the Cadia East underground panel cave mine and the Ridgeway underground mine (currently in care and maintenance). Cadia East is the biggest gold mine in Australia.

7. Kibali, DRC. 808 koz.

Kibali mine in Democratic Republic of Congo is situated adjacent to the town of Doko and 210km from Arua on the Ugandan border. Kibali is co-owned by AngloGold Ashanti (45%), Barrick Gold Corporation (45%) following its merger with Randgold Resources, and Société Minière de Kilo-Moto (SOKIMO) (10%), a state-owned gold mining company.

8. Cortez, USA. 799 koz.

Cortez gold mine is a large gold mining and processing facility in Lander and Eureka County, Nevada, United States, located approximately 75 miles (120 km) southwest of Elko and comprises the Pipeline and South Pipeline deposits and the Cortez Hills deposit. Pipeline and South Pipeline are open pit mines, while Cortez Hills is an underground and open pit mining operation. On July 1, 2019, Cortez was contributed to Nevada Gold Mines, a joint venture between Barrick and Newmont.

9. Lihir, Papua New Guinea. 772 koz.

Newcrest’s Lihir operation on Aniolam Island in the New Ireland Province of Papua New Guinea is 900 kilometres north-east of the capital Port Moresby. The gold deposit at Lihir is within the Luise Caldera, an extinct volcanic crater that is geothermally active.

10. Loulo Gounkoto, Mali. 680 koz.

Barrick’s Loulo-Gounkoto complex comprises two distinct mining permits, Loulo and Gounkoto, and is situated in western Mali, bordering Senegal and adjacent to the Falémé River. Société des Mines de Loulo SA (Loulo) owns the Loulo gold mine, and Société des Mines de Gounkoto (Gounkoto) owns the Gounkoto gold mine. Both Loulo and Gounkoto are owned by Barrick (80%), and the State of Mali (20%).

The world’s top 10 biggest gold mines in 2020.

Mine

Country

Major owner / operator

2020 Au output, koz

2019 Au output, koz

% change

1

Muruntau

Uzbekistan

Navoi

2,000

2,000

0

2

Carlin

United States

Barrick

1,665

1,315

27

3

Olimpiada

Russia

Polyus

1,200

1,389

-14

4

Pueblo Viejo

Dominican Republic

Barrick

903

983

-8

5

Grasberg

Indonesia

Freeport

848

863

-2

6

Cadia East

Australia

Newcrest

823

871

-6

7

Kibali

Dem. Republic of the Congo

Barrick

808

813

-1

8

Cortez

United States

Barrick

799

963

-17

9

Lihir

Papua New Guinea

Newcrest

772

881

-12

10

Loulo Gounkoto

Mali

Barrick

680

715

-5

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.