Gold Chart

Demand and Supply of Gold: Gold Production

Gold is a rare metal. All extracted and still available gold has a total weight of 165 thousand tons. If the precious metal were melted into a cube, it would measure only 20 meter (65.6ft) into each direction.

The Forbes Global 2000 includes 12 gold companies. The biggest is the US Newmont Mining; six are from Canada, two from South Africa, and one from Australia, Peru and Russia (see table).

gold companies Demand and Supply of Gold: Gold Production

One third of gold entering the market comes is from recycled sources (jewelry, industry etc.). The rest comes from gold mines.

In 2010 gold could be found at more than 19,500 places. At present there are more than 400 mines in the world. Gold mining is geographically dispersed. Forty per cent of the annual gold production and mining comes from South Africa, the United States, Australia and Russia. European gold production is insignificant. The world gold production stood in 2010 at 2,500 tons (see chart). This is more than hundred times than in the 19th century.  Currently within two years more gold is mined, as in the one thousand years of the Medieval Times. Thanks to advances in technology, it is even feasible extracting gold from stones containing only 1 gram gold per ton.

world gold production 1900 2010 Demand and Supply of Gold: Gold Production

Read more:

Investment Demand for Gold
Jewelry Demand for Gold
Central Banks and Gold
Gold Production
Industry Demand for Gold
World Gold Production 1900 until 2010

Complete:

Supply and Demand for Gold: 5 Market Forces


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