This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

2011 Top 10 Gold Producing Countries

2011 Top 10 Gold Producing CountriesThis article is an update of a June 2012 article. Updated information includes central bank reserves for each country. 

Gold's admirers are diverse, and so are the locations where it is mined. The metal is produced in more than 90 countries, but some nations earn recognition for being top producers. In 2011, over 1,800 tons of gold were mined in 10 countries. These top producing nations, which span four continents, including both emerging and developed nations, are listed below.

China

Mine production: 355 tons

China can be called the nation of gold. It is not only the top consumer of the the yellow metal, but also the top producer of gold, a crown it swiped from South Africa in 2007. China hardly appears at risk of being dethroned from that number one spot. Its gold production exceeded 300 tons in 2011. Through August 2012, national production was reported at 249.7 tons, a year-on-year increase of over 10 percent.

China National Gold Group claims to be the country's largest producer, crediting itself with 20 percent of China's gold output. According to the US Geological Survey (USGS), China has 1,900 tons of gold reserves. Shandong is the leading province for gold production and within its boundaries Zhaoyuan, which reportedly produced over 28 tons of gold in 2011, is the top gold-producing city.

China's official gold holdings are 1,054.1 tons or 1.7 percent of total foreign reserves.

Australia

Mine production: 270 tons

Australia's gold production rose in 2011 from the 261 tons reported in 2010. Though gold can be found across the nation, about two-thirds of its gold production comes from the state of Western Australia. That is where the world-class Super Pit at Kalgoorlie is located. Consisting of numerous mining operations, and once called the Golden Mile, this landmark site was converted into Australia's largest open-pit mine and is owned by Newmont Mining (NYSE:NEM,TSX:NMC) and Barrick Gold (NYSE:ABX,TSX:ABX).

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,378.26 +115.70 0.71%
S&P 500 1,853.48 +10.50 0.57%
NASDAQ 4,059.7290 +25.5680 0.63%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs