The World Gold Council has updated its ranking of gold producers for 2025.
Modern.az reports, citing the organization, that one of the most important trends in the global gold market is the rapidly growing role of Africa. Overall, African countries today account for almost a quarter of global gold production; Ghana, Mali, and the Republic of South Africa (RSA) are among the continent's leading producers.
China leads the ranking of the world's largest gold producing countries.
China ranks first in the world, providing more than 10% of global production — 380.2 tons of gold. In addition, China is not only the largest producer but also one of the largest consumers of gold in the world. This combination gives the country exceptional influence in the global market, from production and refining (gold purification) to demand for jewelry and central bank reserves.
Russia is in second place with 330 tons of gold, despite ongoing sanctions and geopolitical tensions. Australia continues to benefit from its rich mineral and raw material base and developed mining sector, with a production of 284 tons.
Next is Canada (202.1 tons).
Africa, unexpectedly for many, has become one of the main centers of world gold production, providing approximately a quarter of global gold supply. With a production volume of 140.6 tons, Ghana has become the continent's largest gold producer.
Other places are taken by Mexico (140.3 tons), Indonesia (140.1 tons), Peru (136.9 tons), Uzbekistan (129.1 tons), Mali (100 tons), and the Republic of South Africa (RSA) (98.9 tons).
For a number of smaller African economies, gold exports play a critically important role in providing state revenues and replenishing foreign exchange reserves.
Countries such as Burkina Faso, Sudan, Tanzania, and Côte d'Ivoire have significantly increased their production volumes in the last decade, thanks to increased investments in the mining sector within the continent.
At the same time, political instability and security threats continue to complicate operations in a number of gold-producing regions. Nevertheless, Africa remains one of the most promising growth directions for global mining companies.
