Topmost Gold Miners to See Boosted Output in H2

The report identifies China, Australia, Russia, the USA and Canada as the top five gold producing nations in 2021.

SEATTLE (Scrap Monster): The latest market report published by GlobalData suggests that collective gold production by world’s top ten gold producers are likely to witness around 13.5% recovery during the second half of 2021, compared with H1 this year, provided the companies meet their earlier announced production guidance. The H2 gold production is projected to touch 14.9 million ounces in H2, compared with 13.1 million ounces in H1, the report said.

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According to Vinneth Bajaj, associate project manager at GlobalData, the output for the whole year 2021 is likely to remain more or less flat at around 27-28 million ounces. The companies had reported marginal dip in production by 1.1% during the first half of the year, mainly due to lower ore grades and reduced mill throughput. The highest production jump was reported by Agnico Eagle, whereas most significant production declines came from AngloGold Ashanti, Barrick Gold and Newcrest.

The report identifies China, Australia, Russia, the USA and Canada as the top five gold producing nations in 2021. The cumulative production from these countries is expected to grow by 5.7% over the year to total 50.8 million ounces during the year.

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