Gold is used in a variety of ways, from jewellery to industrial applications. Gold has been mined for centuries since it is one of the world’s rarest elements and only makes up 0.001 to 0.006 parts per million of the crust of the earth.
What is a Gold Mine?
A gold mine is a place where gold is extracted from the earth. Gold mines can be found in many different countries around the world, and they are often located in areas where gold deposits are abundant. Gold mining is an incredibly complex process, and it requires a lot of knowledge and expertise to be able to operate a successful gold mine.
The Global History of Gold Mining
Gold was first discovered in the Middle East around 3,000 BCE, and it is believed to have been mined in Egypt as early as 2,000 BCE. Gold was also a popular commodity in the ancient Roman Empire, and it was used to make coins and jewellery.
Around 244,000 metric tonnes of gold have been discovered (187,000 metric tonnes historically produced plus current underground reserves of 57,000 metric tons). Most of the gold has originated in only three countries: China, Australia, and South Africa. In terms of gold production in 2020, the United States came in fourth with Canada just behind in fifth.
Gold Mining in Different Countries
In the United States, gold mining is regulated by the federal government, and there are several government agencies that are responsible for overseeing gold mining operations. In Canada, gold mining is regulated by the provincial governments, and each province has different regulations and policies regarding gold mining. In South Africa, gold mining is regulated by the government.
Different Types of Gold Mining
Gold mining is a complex process and there are a variety of different types of gold mining. The most common types of gold mining include open-pit mining, underground mining, placer mining, and dredging.
Exploring Global Gold Mines
Gold mines are located all around the world, and they can vary in size and complexity. A total of 115.8 million ounces (Moz) of gold were produced globally in 2021. South Africa, the United States, and Indonesia, Russia, Papua New Guinea, Chile, Australia, and the Dominican Republic each have the world’s ten largest gold mines.
|Rank||Mine||Location||Mineral Reserve (Moz)||Production (2018)|
|1||South Deep gold mine||South Africa||32.8||157,100oz|
|2||Grasberg gold mine||Indonesia||30.2||2.69Moz|
|3||Olimpiada gold mine||Russia||26||1.3Moz|
|4||Lihir gold mine||New Guinea||24||933,000oz|
|5||Norte Abierto gold mine||Chile||23.2||NA|
|6||Carlin Trend gold mine||USA||12.46||927,000oz|
|7||Boddington gold mine||Western Australia||12.35||709,000oz|
|8||Mponeng gold mine||South Africa||11.65||265,000oz|
|9||Pueblo Viejo gold mine||Dominican Republic||10.92||581,000oz|
|10||Cortez gold mine||USA||8.7||1.7Moz|
Gold Mining Companies Around the World
Gold mining is a major industry around the world, and there are a variety of gold mining companies operating in different countries. Some of the largest gold mining companies in the world include Barrick Gold Corporation (Canada), AngloGold Ashanti (South Africa), Newmont Mining Corporation (USA), GoldCorp (Canada), Gold Fields (South Africa), NovaGold Resources Inc. (Canada) and Kinross Gold Corporation (Canada).
Instant Gold Refining and Placer Gold
Instant Gold Refining has grown to become one of Canada’s largest buyers/refiners of placer gold and gold nuggets. If you are looking to sell your Gold Nuggets or Gold Placer, contact Instant Gold Refining today. We at Instant Gold Refining offer to melt your gold and pay you for its worth. You have the option of shipping your metals to us or bringing them into our office. From the comfort of our waiting room, you can watch as we melt your gold to remove its impurities. After a settlement has been made and your mined gold has been melted, we’ll immediately send you a check or wire transfer. You may also decide to get payment in bullion goods. We offer some of the most competitive rates with some of the fastest settlement times in the country.
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