This Day On The Street
Continue to site
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

10 Top Gold-producing Countries

10 Top Gold-producing Countries

In 2014, global gold production increased by 2 percent from the previous year, according to a January 2015 US Geological Survey (USGS) report.

While China kept its place as the world's single-largest producer of gold, it was certainly not the only country to contribute to last year's growth. Production increases took place in that country, as well as several others, including Australia, Canada, the Dominican Republic and Russia. This swelling of production outweighed some of the dips that other countries experienced, such as Peru, Tanzania, South Africa and the US.

Here are the world's top gold-producing countries from 2014, as reported by the USGS.

1. China

Mine production: 450 metric tons

China's gold output continues to grow, and the country kept the top spot for the eighth year in a row, Reuters reported. Last year, China's production grew over 5 percent, hitting about 450 metric tons.

In addition to being the largest producer by a significant margin, China is also the world's biggest consumer of gold, with consumption reaching approximately 886 metric tons​ in 2014. Though that's a considerable number, it's actually down 24.7 percent from 2013. "Although 2014 gold consumption fell by a large margin, the (longer-term) trend of increasing demand has not changed," the China Gold Association noted.

2. Australia

Mine production: 270 metric tons

Australia's growth in gold production for 2014 put the country in the number-two spot for the year, reaching approximately 270 metric tons. That represents an increase from the 2013 level and is the highest production rate by the country since 2003. While growth was strong all year, production reached a high of 73 metric tons for the fourth quarter.

However, the Australian dollar exchange rate declined 25 percent over the course of the year, while the gold price fell about 37 percent in US dollars. As a result, many producers mined their richest deposits to maintain a profit in a practice known as "high grading."

1 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 0.00%
FB $117.43 0.00%
GOOG $692.36 0.00%
TSLA $232.32 0.00%
YHOO $36.01 0.00%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs