Gold output across the globe hit an all-time high in 2015, climbing 1.8 percent to 3,211 tonnes. Much of this growth was led by Mexico, whose output increased double digits (18 percent) from 112 tonnes in 2014 to 133 tonnes last year. Indonesia grew 20 percent, Kazakhstan 29 percent. This year, global production is expected to level out as project development budgets were slashed during the three-year gold bear market. But with gold prices rebounding, miners are in a good position to be much more profitable. Insidermonkey experts made a list of biggest gold mining companies in the world.
Discovered in Uzbekistan’s arid Kyzyl Kum Desert in 1958, the Muruntau gold deposit began operations in 1967. Today, it’s the largest open pit mine by area and, at 1,900 feet deep, is the world’s fifth deepest. The project, which also contains huge deposits of turquoise and arsenic, sits atop what many geologists believe could be the world’s biggest gold reserve, with various estimates placing the amount at between 2,500 and a mind-boggling 5,300 tonnes. You can also check our list of 10 Countries that Export the Most Gold in the World.
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