10 Best Gold Mines In Australia

[mn90403]

In my effort to know more about gold and how much is actually produced every year I came across this article.  It seems to me the price of gold has NOTHING to do with the amount of gold available to buy.  Look at all of these ounces of new gold added to the supply chain each year and tell me how this commodity's price is determined by supply.

 

Top 10 Australian Gold Mines (investingnews.com)

 

And in a related story:

 

10 Largest Gold Mines in the World by Production (investingnews.com)

[phrunt]

And here was me thinking this would be in the top 10 gold mines in Australia.

🙂

I didn't know the US had the top gold mine in the world and I also didn't know the top US gold-mining jurisdiction is Nevada, explains why Steve moved there!

The top ten largest producers of gold for 2023 by country was interesting too with China winning that one.

10 Largest Producers of Gold by Country (investingnews.com)

Which country has the most gold?

Australia holds the world's largest gold reserves at 8,400 MT, followed by Russia at 6,800 MT.

 

[Aureous]

15 hours ago, phrunt said:

And here was me thinking this would be in the top 10 gold mines in Australia.

These guys only mine their customers..... 😞 

[Busho]

Technically England has the highest gold reserves.

They hold 99.9% of Australian gold in the Bank Of Englands Vaults and who knows how much else.