Mined gold production reached a record high in 2025, based on our 2025 Gold Demand Trends report (Chart 1). Global miners produced 3,672t of gold, a modest y/y increase of 1% and the highest in our data series – albeit this may be subject to revisions when more data becomes available.1 And we expect mined gold production to further increase in 2026 – at a mild pace – as operations resume at two major mines. In our previous post, we explained why gold mine production typically lags the gold price and we discussed the possibility that production will plateau over the coming years. A key reason for this is that the new ... (full story)