Russia Remained World's Second-Largest Gold Producer in 2024, Sputnik Calculations Show

© Sputnik . Ilya NaymushinGold bars of the highest standard of 99.99 percent purity
Gold bars of the highest standard of 99.99 percent purity  - Sputnik Africa, 1920, 12.02.2025
Subscribe
MOSCOW (Sputnik) - Global gold production increased by 0.5% to 3,267 tonnes in 2024. In addition to Russia, Ghana (up 3.2% to 130 tonnes) and Mexico (up 2.4% to 130 tonnes) saw significant increases in production.
Russia in 2024 maintained the position of the world's second-largest gold producer with an output of about 330 tonnes, according to Sputnik calculations of government data.
Gold production increased by 5.3% in Russia in 2024, according to the Russian Federal State Statistics Service (Rosstat).
Since 2022, Russia has not published absolute figures of gold production. In 2021, the country's Finance Ministry reported that primary production of the metal amounted to 313.8 tonnes.
Based on this data, it can be calculated that last year, gold production in Russia returned to growth and reached about 330 tonnes.
Ghana's Finance Minister Cassiel Ato Baah Forson holding an inaugural meeting with the management of the Ghanaian Ministry of Finance, January 24, 2025. - Sputnik Africa, 1920, 28.01.2025
Sub-Saharan Africa
Ghana to Establish Gold Board to Stabilize Currency and Maximize Gold Revenue, Finance Minister Says
In 2024, China remained the world's largest gold producer with an output of 377 tonnes, an increase of 0.6% over the previous year. Australia finished in third place with an output of 290 tonnes, 2% less than the previous year, which was also the third consecutive year of production decline. Canada and the USA completed the top 5 with annual production of 200 tonnes (up 1%) and 160 tonnes (up 5.9%), respectively.
Newsfeed
0