The Most Profitable Gold Mines Worldwide: Where Are They Located?

The Top 10 Gold Mines in the World

Gold is the ultimate precious metal, a safe investment in times of financial and economic turmoil.
The extraction of this raw material can be highly profitable.
It’s interesting to know which are the most productive gold mines in the world and where they are located, to understand which countries can boast such an advantage and an important source of income.

Nevada Gold Mines (USA)

The American mine produced approximately 94 tonnes of gold in 2021.
Located in Nevada, it is situated in the so-called “Carlin Trend”, a geological formation rich in gold mineralization.
Extraction has been taking place here since 1965 over an area of about 56 km.

Muruntau (Uzbekistan)

According to Statista, starting from 2023, the largest gold mine in the world in terms of production volume is the Muruntau mining complex in Uzbekistan.
In 2021, the mine ranked second with around 85 tonnes of gold extracted.
The state-owned company Navoi operates the mining site, which extends about 3.3 km long, 2.5 km wide, and around 600 meters deep.
With estimated gold reserves of 4200 tonnes, this mine is set to be one of the most profitable for years to come.

Grasberg (Indonesia)

With approximately 38.8 tonnes of gold extracted in 2021, this Indonesian mine ranked third globally.
Initially an open-pit mine, it is now an underground operation and is one of the most significant mines for gold and copper.

Olimpiada (Russia)

Located in one of Russia’s richest gold territories, the Olimpiada mine extracted about 33.5 tonnes of gold in 2021.
The leading Russian company in the sector benefits from this mining site for about half of the gold produced.

Pueblo Viejo (Dominican Republic)

In 2021, 23.8 tonnes were extracted from this mine located 100 km away from the capital, Santo Domingo.
The gold production is managed by Pueblo Viejo Dominicana Corporation, a joint venture between industry giants Barrick (60%) and Newmont (40%).

Kibali (Democratic Republic of Congo)

This African mine produced approximately 23 tonnes of gold in 2021.
Active since 2013, both open-pit and underground mining activities take place here.

Cadia (Australia)

One of the largest mines in Australia, Cadia produced around 22 tonnes of gold in 2021.
The mine is also exploited for copper.

Lihir (Papua New Guinea)

Located in the crater of an extinct volcano, gold production from this mine was around 21 tonnes in 2021.

Canadian Malartic (Canada)

With 20 tonnes of gold extracted in 2021, this mine is Canada’s largest.
The mining site is currently open-pit, with plans to transition to underground mining by 2028, ensuring mining operations until at least 2039.

Boddington (Australia)

At last, this mine extracted about 19 tonnes of gold in 2021 and also produces copper.