Top 20 Gold Mines in the World: 2025 Production by Mine, Operator and Country

Which are the top 20 gold mines in the world? MINING.COM's March 2026 ranking, built on S&P Global data, ranks operations by gold produced in 2025 (MINING.COM, March 25, 2026). Below is the full list, with operator, country and output, plus cross-checks against company filings where we could find them.

The 2025 ranking

Source for all rows: MINING.COM, which credits S&P Global as its data source. MINING.COM also lists five near-misses: Tasiast (Kinross, 500 koz), Fruta del Norte (Lundin Gold, 498.3 koz), Meadowbank (Agnico Eagle, 493.3 koz), Geita (AngloGold Ashanti, 492 koz) and Tarkwa (Gold Fields, 488 koz) (same source).

Cross-checks against company reports

Most of the figures match company disclosures. Agnico Eagle reported 692,675 payable ounces from Detour Lake and 642,612 from Canadian Malartic in 2025 (Agnico Eagle, Feb. 12, 2026). AngloGold Ashanti reported Sukari's first full-year contribution at 500,000 ounces (AngloGold Ashanti); the MINING.COM text prints this as "5000koz", an apparent typo. Newmont confirms the 38.5%/61.5% Nevada Gold Mines split, with Barrick as operator (Newmont, Feb. 19, 2026).

One figure doesn't line up. Kinross said Paracatu produced "over 600,000" gold ounces in 2025 (Kinross, Feb. 18, 2026), above the 586.6 koz in the ranking. Different reporting bases, such as ounces produced versus sold, or attributable versus 100%, can explain gaps like this, so treat close-ranked positions as approximate.

What the list says about supply

Concentration is real but limited. The top 20 together produced about 16.7 million ounces in 2025 by our sum of the table. That's roughly 14% of the 3,815 tonnes (about 123 million ounces) the World Gold Council estimates the world mined that year, its figure revised after all listed companies had reported (World Gold Council, Q1 2026). Most of the world's gold comes from mines outside this list.

Disruptions move the ranking. Grasberg fell from third to fifth after output dropped 50%. A mudslide killed seven workers and shut the operation in September 2025 (MINING.COM). New mines can climb fast: Salares Norte's output rose more than tenfold as it ramped up, and Blagodatnoye entered the list after a 47% increase driven by a new mill (same source).

Jurisdiction varies widely. Six of the 20 are in Uzbekistan, Russia, Kazakhstan or Kyrgyzstan, and Kumtor was nationalized in 2021 after a dispute between the Kyrgyz government and Canada's Centerra Gold (MINING.COM). Western investors have little or no access to most of those ounces through listed shares.

The Canadian angle

Two of the top 11 are in Canada, both run by Agnico Eagle: Detour Lake in Ontario (8th, up from 11th) and Canadian Malartic in Quebec (11th) (MINING.COM). The World Gold Council says Canada's output rose by 10 tonnes (5%) in 2025, one of the largest country increases. Canadian production grew 29% year on year in Q2 2026, which it attributes to ramp-ups including Detour Lake (World Gold Council, Q1 2026; World Gold Council, Q2 2026). Barrick and Kinross, both TSX-listed, also appear through Nevada Gold Mines, Kibali, Pueblo Viejo and Paracatu.

For more on No. 1, see our Nevada Gold Mines analysis.

Reading the list as an investor

Size isn't the same as value. A large mine can still be high-cost, short-lived or politically exposed, and these rankings say nothing about margins or reserves. The useful signals are which operators own several top-20 assets (Newmont and Barrick appear repeatedly) and which mines are rising or falling. Nothing here is a recommendation to buy any security.

Related: gold hub and company profiles.

How we checked this: AI-drafted from the sources linked above and checked against them by our AI editor.