13 Biggest Gold Mining Companies in the World

1. Barrick Gold Corp. (ABX)

Total Production (ounces): 5,323,000

Canada-based Barrick Gold Corp (USA) (NYSE:ABX) is the largest gold mining company in the world and it has operations in Argentina, Australia, Canada, Chile, the Dominican Republic, Papua New Guinea, Peru, Saudi Arabia, the US, and Zambia. The company produces the majority of its gold in the Americas, where it focuses on high-margin and long-life operations. Over the last couple of years, Barrick Gold Corp (USA) (NYSE:ABX)’s gold production has been declining from 6.20 million ounces in 2014, to 6.10 million ounces in 2015, and 5.50 million ounces last year. Barrick Gold Corp (USA) (NYSE:ABX) is the second most-popular gold producer among the hedge funds in our database, with 32 investors holding shares as of the end of 2017.

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As you can see, the majority of the biggest gold mining companies in the world are headquartered in Canada, followed by South Africa. However, all companies are diversified geographically and have operations in different countries. One thing that has to be taken into account when looking at potential gold mining companies to invest in (in addition to their financial performance), is the political, economic, and social situation in countries where gold miners have operations, since lack of stability can potentially disrupt their operations.

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