In this piece, we will take a look at the five biggest gold mining companies in the world. For more companies, head on over to 15 Biggest Gold Mining Companies in the World.
5. Wheaton Precious Metals Corp. (LSE:WPM.L)
Market Capitalization as of November 20th, 2022: $16 billion (1 GBP = 1.18 USD)
Wheaton Precious Metals Corp. (LSE:WPM.L) is a Canadian streaming company that sells gold and silver. The firm has 23 mines and 13 development projects and it is headquartered in Vancouver, Canada.
Wheaton Precious Metals Corp. (LSE:WPM.L) has 4.4 million ounces of proven and 9.6 million ounces of probable gold reserves as of December 2021. Cumulatively, the proven and probable reserves stand at 14 million ounces. Additionally, the firm’s proven and probable gold reserves equal 5.44 million ounces.
Wheaton Precious Metals Corp. (LSE:WPM.L)’s market capitalization is $16 billion.
4. Gold Fields Limited (BCBA:GFI.JO)
Market Capitalization as of November 20th, 2022: $19 billion (1 ARS = 0.0061 USD)
Gold Fields Limited (BCBA:GFI.JO) is a South African gold producer. It has mines located in Chile, Ghana, Australia, Peru, and South Africa.
Gold Fields Limited (BCBA:GFI.JO) produced 597,000 ounces of gold during this year’s third quarter, which built on the 621,000 ounces that it had produced during the second quarter of 2022. These let it earn $1.6 billion in revenue, and the gold production came after Gold Fields Limited (BCBA:GFI.JO) mined 10 million tons during Q3. Overall, the firm has total attributable gold production of 2.2 million ounces and gold equivalent mineral resources of 116 million ounces.
Gold Fields Limited (BCBA:GFI.JO) has $9.4 billion in market capitalization.
3. Agnico Eagle Mines Limited (BCBA:AEM.BA)
Market Capitalization as of November 20th, 2022: $21.8 billion (1 ARS = 0.0061 USD)
Agnico Eagle Mines Limited (BCBA:AEM.BA) is a Canadian company with properties in Canada, Mexico, and Finland. Through these, the firm produces and sells gold deposits, alongside other metals such as silver.
Agnico Eagle Mines Limited (BCBA:AEM.BA) produced two million ounces of gold in 2021, and its forecast for 2022 sees the firm churn out another 3.3 million ounces. The two million ounces of production in 2021 was a new record for the firm, and this year, Agnico Eagle Mines Limited (BCBA:AEM.BA) is aiming to produce more than 300,000 ounces of gold each from its six flagship sites.
Agnico Eagle Mines Limited (BCBA:AEM.BA)’s market capitalization is $21.8 billion.
2. Newmont Corporation (BCBA:NEM.BA)
Market Capitalization as of November 20th, 2022: $36 billion (1 ARS = 0.0061 USD)
Newmont Corporation (BCBA:NEM.BA) is an American gold exploration and production company. It has assets in a host of different countries, such as the U.S., Canada, Mexico, and Peru. Newmont Corporation (BCBA:NEM.BA) is headquartered in Denver, Colorado.
Newmont Corporation (BCBA:NEM.BA)’s gold mineral reserves stood at 92.8 million ounces as of December 2021. The firm added 2.7 million ounces to these by purchasing a minority stake in another property in February 2022. This figure represented 42% of Newmont Corporation (BCBA:NEM.BA)’s total addition of 6.5 million ounces to its gold reserves in 2021.
As of November 20th, 2022, Newmont Corporation (BCBA:NEM.BA)’s market capitalization stood at $36 billion.
1. Barrick Gold Corporation (BCBA:GOLD.BA)
Market Capitalization as of November 20th, 2022: $56 billion (1 ARS = 0.0061 USD)
Barrick Gold Corporation (BCBA:GOLD.BA) is a Canadian firm that is one of the largest gold companies in the world. The firm is based in Toronto, Canada, and it has properties in Congo, U.S., and Argentina alongside other countries.
Barrick Gold Corporation (BCBA:GOLD.BA)’s attributable and indicated gold reserves stood at 160 million ounces in 2021, and these were supplemented through another $43 million ounces of inferred resources. Out of these, the largest reserves were in the Donlin surface mine in North America, which accounted for 20 million ounces out of the 160 million indicated reserves.
Barrick Gold Corporation (BCBA:GOLD.BA) has a market capitalization of $56 billion on the Buenos Aires stock exchange.
Disclosure: None. You can also take a look at 10 Best Data Center Stocks To Buy and Top Nuclear Energy ETFs.
