• Mon. Jan 24th, 2022
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Here Are The Top 10 Gold Mines Around The World

Following the launch of several reports on Canadian junior miners, many of our readers have expressed interest in the precious metals market.

Many of our readers have asked us where the largest gold discoveries have been, and this is an important list to be aware of. One of the main things that standout with the list is the location of the mines.

From what we can understand, the largest gold mines are scattered all over the globe and no one continent has overwhelming market share. Below, we have listed the 10 largest gold mines in the world and find the results to be intriguing.

  1. South Deep gold mine, South Africa
  2. Grasberg gold mine, Indonesia
  3. Olimpiada gold mine, Russia
  4. Lihir gold mine, Papua New Guinea
  5. Norte Abierto gold mine, Chile
  6. Carlin Trend gold mine, USA
  7. Boddington gold mine, Western Australia
  8. Mponeng gold mine, South Africa
  9. Pueblo Viejo gold mine, Dominican Republic
  10. Cortez gold mine, USA

South Africa and the United States are the only two countries to be home to two of the 10 largest mines in the world. The other gold mines can be found in Indonesia, Russia, Papua New Guinea, Chile, Australia, and the Dominican Republic. Experts have stated that the South Deep gold mine in South Africa has the largest gold deposit in the world and we are favorable on the amount of value that can be extracted from these areas.

During the last month, precious metals prices have been declining and this is a trend that we are following. The decline follows a major rally where gold traded for more than $2,000 per ounce. Over the next year, we expect precious metal prices to benefit from the amount of capital that has been injected into the market to combat the COVID pandemic.

If you are interested in learning more about the markets that are known for having large gold deposits, please send an email to support@onthebids.com to be added to our distribution list.

Data comes from https://www.mining-technology.com/features/feature-top-ten-biggest-gold-mines-south-africa/

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