Rankings | The 2025 Global Top Ten Gold Producers Have Changed: A Chinese Company Rises to Fourth Place, While the Top Producer Yields 183 Tons

Meanwhile, the Rosebel gold mine in Suriname has completed a technical upgrade and expansion project adding 5 million tonnes per year of processing capacity; upon full commissioning, its annual gold output is expected to rise to 12 tonnes. In Australia, Nordgold’s mining and beneficiation indicators continue to improve; the Phase I underground mining project at the Aurora gold mine in Guyana is progressing steadily; and production at the Porgera gold mine in Papua New Guinea continues to stabilize. Production ramp-up continues following commissioning of construction and technical upgrading projects at Longnan Zijin (the Liba and Jinshan gold mines), Shanxi Zijin, and the Savaryaldon gold mine in Xinjiang. Annual exploration added attributable proven, indicated, and inferred resources totaling 100 tonnes of gold. As of the end of 2025, total attributable proven, indicated, and inferred resources stood at 4,610 tonnes of gold, including 1,996 tonnes of proven and probable reserves. Barrick Gold Corporation (headquartered in Toronto, Ontario) slipped to third place due to a sharp 17% drop in output—to 3.26 million ounces—following the forced shutdown of its Loulo-Gounkoto mine in Mali early in the year (which only resumed formal operations by year-end) and severe disputes with Newmont over their Nevada Gold Mines (NGM) joint venture. Agnico Eagle Mines Limited—also headquartered in Toronto, Ontario—rose to second place, exceeding its expected mid-range output for 2025 with a 4% year-on-year increase to 3.45 million ounces. Last year, the company made several key investments, including completing its acquisition of O3 Mining Inc. (whose core asset is the Odyssey project adjacent to Agnico’s Malartic mine), making a strategic investment in Perpetua Resources Corp. (operator of the Stibnite gold-antimony project in Idaho, USA), and increasing its stakes in Canadian junior miners Collective Mining Ltd. and Cartier Resources Inc. Although Newmont’s output declined 14% year-on-year to 5.89 million ounces (183.2 tonnes), it remains the world’s largest gold producer. Public records indicate: Founded in 1916 and headquartered in Denver, Colorado, USA, Newmont operates major assets including the Cortez and Carlin mines in the USA, the Boddington mine in Australia, the Pueblo Viejo mine in the Dominican Republic, the Ahafo mine in Ghana, and the Lihir mine in Papua New Guinea.

Global Mining Weekly Report: China’s Shale Oil Breakthrough and Leadership in International Standards!

02 Resource Exploration: Domestic Shale Oil Discoveries and Global Exploration Achievements On October 23, Sinopec announced a major exploration breakthrough in the Sichuan Basin. The Qilu Ye-1 risk exploration well—located in Qijiang District, Chongqing Municipality—tested high-yield shale oil and gas flows, producing 38.64 cubic meters of shale oil and 10,000 cubic meters of natural gas per day. Regional evaluation based on this well indicates Sinopec has discovered a new, billion-tonne-class shale oil reserve base in the Sichuan Basin. Shale oil is an unconventional petroleum resource hosted within shale formations. This high-yield flow from Qilu Ye-1 expands the range of unconventional resources in the Qijiang area, forming a ‘gas-below, oil-above’ vertical accumulation pattern alongside the Qijiang shale gas field discovered in 2022. According to information obtained by the reporter from the China Mining Association, China’s mineral exploration yielded rich results this year, with over 80 newly discovered deposits—including approximately 70% classified as medium- or large-scale. Estimated newly added proven geological reserves amount to roughly 2.5 billion tonnes of ore equivalent, representing about a 20% year-on-year increase. Notably, China’s lithium exploration achievements lead globally, and China’s share of global lithium reserves is projected to rise to approximately 20%. 03 Technological Innovation: New Breakthroughs in Intelligent Equipment and Green Standards At the 2025 China International Mining Conference, numerous technological innovation achievements were showcased collectively. The Ministry of Natural Resources’ exhibition booth featured a model of the ‘Mengxiang’ (Dream) deep-sea drilling and sampling vessel, attracting widespread attention. This vessel is the world’s most powerful deep-water scientific drilling and research ship, boasting the strongest drilling capability and most comprehensive scientific experimental functions. With a maximum drilling depth of 11,000 meters, it aims to achieve the scientific goal of ‘penetrating the Earth’s crust and reaching the deep interior of our planet’. The China National Coal Geology Administration exhibited the T138 flexible adaptive dual-powerhead vehicle-mounted drilling rig, integrating flexible adaptive control technology and a dual-powerhead coordinated operation system—significantly enhancing drilling efficiency and energy utilization in complex strata. Remotely operated excavator equipment displayed on-site leverages ultra-low-latency video transmission, augmented reality, and communication technologies to enable immersive remote driving—improving work efficiency while reducing operational risks. Recently, the international standard ‘Guidelines for Design, Operation, and Maintenance of Underground Mine Paste Fill Pipeline Systems’, led by China, was successfully approved for development by the International Organization for Standardization (ISO) Technical Committee on Mining. Dr. Lijie Guo, Deputy Director of the Mine Engineering Research & Design Institute at BGRIMM Technology Group Co., Ltd., serves as the convenor for this standard. It will establish unified technical specifications and management frameworks for pipeline design, safety monitoring methods, and operation & maintenance practices—providing consistent guidance for stakeholders worldwide. 04 International Developments: U.S. Antimony Mine Construction and Australian Mine Accident According to Mining.com, Perpetua Resources Corp. has commenced construction of its $1.3-billion Stibnite gold-antimony project, located in central Idaho. This project is among those accelerated by the Trump administration to strengthen America’s critical mineral supply chain. Jon Cherry, CEO of Perpetua Resources, stated: ‘After nine years of permitting, this project will deliver critical minerals and remediate a previously abandoned mine.’

Perpetua Resources Q3 2026 Results: Stibnite Gold Project Construction and Exploration Update

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Perpetua Resources reported progress on its Stibnite Gold Project, including high-grade gold discoveries and infrastructure advancements. The company anticipates closing a $2.9 billion loan in Q1 2027 while advancing detailed engineering and procurement.

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