World Gold Production

WORLD COLD PRODUCTION Gold has been a valuable and highly sought-after precious metal for coinage, jewelry, and other arts since long before the beginning of recorded history. World consumption of new gold produced 171,300 50% 40% 10% tonnes of gold have been mined in human history Jewelry Investments Industry Top 7 Countries by production of gold Gold production 2012 (in kilograms) Russia 200,000 Canada 110,000 United States 237,000 China 355,000 Australia 270,000 Peru 150,000 South Africa 190,000 At the end of 2009, it was estimated that all the gold ever mined totaled 165,000 tonnes. This can be represented by a cube with an edge length of about 20.28 meters. At $1,600 per ounce, 165,000 metric tonnes of gold would have a value of $8.8 tillion. World production in for 2011 was at 2,700 tonnes, compared to 2,260 tonnes for 2008. Largest gold companies 2012 Market Capitalization (in billions USD) Barrick Gold 49.0 2 Goldcorp 39.0 3 Newmont Mining 29.1 4 Newcrest Mining 26.0 5 AngloGold Ashanti 16.7 Gold Price per Troy Ounce in USD Closing Annual Historical Gold Prices Since 1970 $1,664.00 The price of gold is determined through trading in the gold and derivatives markets, but a procedure known as the Gold Fixing in London, originating in September 1919, provides a daily benchmark price to the industry. 1500 1000 $594.90 $386.20 $272.65 500 $38.90 100 70 80 90 2000 2012 SOURCES: http://en.wikipedia.org/wiki/Gold http://en.wikipedia.org/wiki/Largest_gold_companies www.mnoriega.com http://en.wikipedia.org/wiki/List_of_countries_by_gold_production http://minerals.usgs.gov/minerals/pubs/commodity/gold/mcs-2012-gold.pdf http://onlygold.com/tutorialpages/prices200yrsfs.htm