World Gold Council/Krishan Gopaul/6-23-2023

“According to Metals Focus’ latest estimate, global gold production in 2022 was 3,628t. This is 1% higher y/y.…The latest country-level data shows no change amongst the five largest gold producing nations compared to 2021. China remains the world’s largest gold producer, followed by Russia, Australia, the United States and Ghana.”

USAGOLD note:  An anemic showing on the supply side of the gold fundamentals’ equation at a time of record global demand.

Gold mine production by country (2022)

Map courtesy of World Gold Council, Data source: Metals Focus • • • Click to enlarge