-
Global gold mine production to recover, with Ghana and the US contributing most
After an estimated 7.6% decline in 2022, gold production is expected to increase by 3.9% to 121.2moz in 2023. Russia, Ghana and the US will be the key contributors to the growth in global supply in 2023. The commencement of the Bibiani mine, alongside increased output from the Edikan, Chirano and Obuasi mines in Ghana, is expected to increase the country’s gold output by 9.9% in 2023. Meanwhile, gold production growth in the US will be supported by increases in output from Newmont’s Cortez and Turquoise Ridge mines. In contrast, gold production in China, the world’s largest producer, is expected to decrease ... (full story)