Top 10 Gold Producing Countries in the World

Top 10 Gold Producing Countries in the World
Hello Displorers, welcome to another informative video presented to you by Displore and thanks for watching. In this video, we shall look at the top 10 Gold producing countries in the world. The search for gold over the years has raised increasing questions of how much of it is available in the world but gold is one of the rarest elements in the world, making up roughly 0.003 partsper million of the earth’s crust. The global amount of gold mined has steadily reduced over the years indicating that most of the earth’s visible gold has been dig out already. The fall in the quantity of gold mined by certain nations over the nations is an indication that the deposit of gold is gradually being depleted but then, new nations do discover the presence of the rare gem in their backsides giving them spots on the list of countries mining gold.

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According to the number of tonnes per annum produced, here are the top 10 gold producing countries in the world.

10. Brazil, 106.9 Tonnes Annually
The amazon rainforest country of brazil has been working extremely hard to discover the rich resources available in the nation through the efforts of President Jair Bolsonaro. This has pushed the country to develop the Amazon economically through the discover and tapingof such mineral riches. Illegal mining activity has risen sharply in the last five years in the heart of the Amazon rainforest which has decreased the real output of the nation as a whole as well as dropped its income sharply. Despite this short comings, Brazil’s output has increased in recent years and gained the Latin American nation a spot as the 10th biggest gold producer in the world.

9. Mexico, 111.4 Tonnes Annually
The beautiful mysterious country of Mexico is synonymous with many activities ranging from drugs, to plastic surgery but then, this beautiful nation is also a proud holder of a percentage of the world’s rarest gem, gold. Although Mexico has witnessed a fall in production for some years now, the nation remains a competitive gold source producing varying quantities of it. Output rose from just 50.8tonnes in 2008 to over 130 tonnes in 2017, one of the largest increases in a nine-year span even though it has experienced a steady drop. The 2019 slowdown is attributed to disputes between local communities and contractors while that of 2020 is attributed to that same factor as well as the global pandemic. Despite this, Mexico is an attractive place for mining due to a relatively low cost of regulation

8. South Africa, 118.2 Tonnes Annually
Once the top gold-producer in the world by a wide margin, South Africa’s gold mines have been slowing every year since 2008, with the exception of 2013 when production rose by a few tonnes. The nation is struggling with rising costs for electricity and labour, with many mines closing due to unprofitability. South Africa is, however, still home to the world’s deepest gold mine, the Mponeng mine, extending 2.5 miles underground and producing a good quantity of the world’s gold.

7. Ghana, 142.4 Tonnes Annually
If you know the name given to this nation by its colonial visitors, the ‘Gold Coast’, then you can understand why it a big club member of the nations in possession of this world rare mineral. Ghana is Africa’s largest producer of gold, surpassing South Africa for the top spot, and is also known for its reserves of various industrial minerals. Industry majors such as AngloGold Ashanti and Gold Fields have shifted their focus from South Africa to Ghana where deposits are cheaper and easier to mine. The West African nation has around 1,000 metric tons of reserves which is why they moved up to occupy the 7th spot in this category.

6. Peru, 143.3 Tonnes Annually
Mining plays a significant rolein Peru’s economy accounting for over 28% of the region’s total output. But Peru has experienced a fall in gold output in recent years with an output drop of approximately 9.94% from previous years because of crackdowns on illegal mining operations in the La Pampa region and lower grades at existing projects. Despite the decrease coupled with illegal mining, Peru remains the 6th biggest gold producing in the world and the second biggest silver producer.

5. Canada, 182.9 Tonnes Annually
Coming in at number 5 with an output of 182.9 tonnes is the polite Canadian nation which has held that spot for three years now, even with a slight decrease in output in 2019. Canadian mines produced an estimated 183tonnes in 2018 which represents an 88% increase over the production of 2009. These increases came with the discovery of the mines in Ontario, Quebec, British, Columbia, Nunavut and the Atlantic provinces with a new mine coming online in Nova Scotia. New projects in Nunavut, Yukon and Quebec are expected to support stronger output in 2020. Canada’s gold mine production is e