Top 10 Biggest Gold Mines In The World

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Top 10 Biggest Gold Mines In The World

Gold mines are an intriguing business because they are so old school. It’s amazing how people have been mining for gold since the beginning of time with the help of different equipment like scooptram etc. The earliest known written records mention gold mining in ancient Egypt back in 2200 BC. Some of these early techniques were panning and sifting through sand or dirt to find bits of gold (which was called “panning”) and then washing it off with water (called “sluicing”). In this blog post, we are going to discuss the top 10 biggest gold mines in the world. Gold mining companies invest billions of dollars every year to find new sources of gold, so this list is bound to change in the coming years.

Muruntau mine

Muruntau mine is one of the world’s largest gold mines. Located in Uzbekistan, this massive operation has produced more than 20 million ounces of gold to date. Muruntau also provides employment to more than 1,500 people on-site and up to 4,000 people during peak periods which last from six months to one year each time they are active.

Carlin mine

The Carlin mine is the largest gold mining operation in North America.  It is located in Nevada, USA, and has been operational since 1906. The mine produced more than one million ounces of gold every year for over 50 years before production slowed down due to low prices.  Today it produces about 150,000 ounces of 

gold per year which makes up about 12% of total world production. 

Olimpiada mine 

In a country with vast expanses of frozen tundra, Russia is known for its rich natural resources. Gold has been mined in the Olimpiada mine since 1894 and only now are they opening up the mines to tourists. Tourists can visit the mine and see how miners used tools like jackhammers, chisels, and drills.

Pueblo Viejo Mine

It is in the Dominican Republic and it has been producing gold since 1894. The mine was originally owned by Americans but today, it is owned by Barrick Gold Corporation from Canada. In 2001, they had their first production of over 1 million ounces of gold from the mine. They have been steadily increasing production ever since!

Grasberg Mine 

Grasberg is the world’s largest gold mine and one of Indonesia’s largest copper mines. Located in Papua, Grasberg has been operating since 1973 and employs around 20,000 people.  The high production rate at Grasberg Mine is due to its large open pit with a depth of more than 1,600 meters (5,249 ft).

Cadia East Mine

The Australian gold mine, Cadia East, is located in the eastern area of New South Wales. The mine’s location was discovered by accident when a geologist noticed an outcrop of quartz containing gold while on a geological survey in 1894. The mine has since produced over 8 million ounces (227 tonnes) of gold since its opening and has been operating continuously since its inception due to discoveries made during exploration periods which have increased reserves substantially.

Kibali Mine

The Kibali Gold Mine is located in the northeast of the Republic of Congo, near the border with Cabinda. The mine was discovered by Randgold Resources in 2006 and has been operational since 2011. It is currently one of the world’s largest gold mines.

Cortez Mine

Gold mines are the backbone of Cortez. Without them, it would be just another sleepy village in Colorado. But with gold, there is electricity to the city that cannot be found anywhere else.

Lihir Mine

The Lihir gold mine is located in Papua New Guinea and it’s one of the most profitable mines in the world. In 2014, its production was reported to be 2.2 million ounces of gold worth about $3 billion USD. This mine has been operating since 1989 and employs around 500 people from nearby villages who work as miners, heavy machinery operators, truck drivers or mechanics.

Loulo-Gounkoto Mine

The Loulo-Gounkoto Gold Mines is a gold mine in Mali. It was mined by the ancient Egyptians and has been producing gold for over 2,000 years. The ore deposit at Loulo-Gounkoto contains approximately 3% to 5% of the world’s known gold resources and production from the open pit mine averages about 50,000 ounces per year.

Conclusion:

 The gold mines in the world have been discovered and mined for over 40,000 years. Gold mining is a very expensive process as it can also cost extra casting defects if we do it in the wrong way but there are still many people who would choose to do it because of how lucrative an investment can be. The 10 gold mines which we have discussed above are considered as the top 10 biggest gold mines in the world.

Read more: Ideal Way And Place To Sell Gold

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