On Top of the World Gold Maintenance Reviews

There are dissimilar methods past which gold mining companies are ranked. I is by their annual production. Another is by their cash price per ounce, that is, how much money it costs them to mine the gold. Since gold prices are the same everywhere, companies with lower costs per ounce make more than profit. The nigh common method lists by market capitalization which considers the total value of capital holdings by that company. Also considered when comparing companies is their market capitalization per ounce of gilt equivalent (sometimes abbreviated MV-GEO, EVO if the enterprise value is used) which takes the market place value and total reserves and resources for each company also every bit the cost of aureate into consideration. The figures for each company can be used to determine the value the stock marketplace gives to each visitor's reserves on an ounce to ounce basis.^[1]

If the calculation is to exclude financial avails the enterprise value is used instead of marketplace capitalization.^[2] EVO = Enterprise Value/Ounce (gold equivalent) = Enterprise Value divided past resources. The enterprise value is the difference between a company's market place capitalization (product of the number of company shares and listed stock price) and its cash, investments less debt (amortization). Three of the 10 largest companies by market cap that engage in gold mining, Fresnillo, Buenaventura and Freeport-McMoran (copper/molybdenum) are not included in the commencement listing because they are minor golden producers/most of their revenue comes from a metal other than gold (Fresnillo and Buenaventura rely more on silver, in some lists silver product is treated as gold production, converted to golden equivalent using the gold to silver price ratio; McMoran produced 32.375 tonnes of gold in 2013 (up 32% after falling by 31% in 2012) just gold accounted for only 8% of revenue (down from 10%).^{[3] [4]}

Globe gold production in 2008 declined by 50 tonnes despite a stiff showing in market place price.^[5] Total production cash costs were up iv.1% industrywide in the third quarter of 2010 to Usa$585 per ounce of gilt mined.^[6] The lower toll of golden in 2013 is expected to bear on gold production in the coming years; Barrick Gold is slowing structure at one of its largest gold projects Pascua Lama (18 g ounces of gilt, 676 m ounces of silvery) while in Commonwealth of australia mines are being shuttered by companies in an attempt to curb costs.^{[vii] [8]}

In 2016, v of the world's x largest producing regions recorded growth in output, they are: China (450 tons +five), Russia (250 +8 tons), Us (209 tons +9), Canada (170 tons +ten), Mexico (125 tons +five) and Republic of indonesia (100 tons +25); In 2015 only Australia, Peru, Mexico, Uzbekistan and Indonesia produced more than than the yr before.^[9] In 2013, ix of the world's 14 major producing regions recorded growth in output, they are: Commonwealth of australia, Brazil, Canada, Chile, China, Indonesia, Mexico, Papua New Republic of guinea and Russia; In 2012 but Canada, People's republic of china, Ghana, United mexican states, Peru and Russia produced more than the year before.^[10] In 2013, the globe's five leading golden producers, in order of total product were Cathay (420 tons +17), Australia (250 tons +5), US (227 tons -viii), Russia (218 tons +2), S Africa (145 tons -15).^{[10] [11]} In 2011, all of the world's 14 major producing countries recorded growth in output except for Peru, Indonesia and Brazil (global chief product up 5.5%); list was led by China (355 tons), Australia (270 tons), United states (237 tons), Russia (200 tons), South Africa (190 tons).^[12] South Africa's driblet in output (down 10% from 2010 to 2012) is not a outcome of resources depletion but rather high product costs.^[13]

The Big 10 [edit]

Rank	Name	Base	Acquirement mil.USD Ytd Dec 2020	2008 cap bil $	2013 cap bil USD	2021 cap bil USD	profit mil USD Ytd Dec 2020	2020 FY production tonnes	Reserves Moz	Total Resource Moz	Cash Cost 2013 year US$ full/oz
1	Newmont Goldcorp	Usa	eleven,497 18%[14] [15]	xviii.23	xvi.1[16] Aug.17	50	26667%[14]	178.35 23%[one]	85.0 [17]	142.67	761 2013
2	Barrick Gold	Canada	12,595 thirty%%folio 51[eighteen]	26.90	xix.4[xix] Aug.17	45.9 [2]	2,32441%folio 53	134.94 fifteen%[20]	140.2 [21]	226.92	566 [18]
three	Franco-Nevada	Canada	i,020.two 21%[22]		viii.ii2016 [23] Jn.19	25.1 [3]	326.25%[22]	8.2[iv]	113.726 Jan'16 [22]	204.307	821 [22]
4	Polyus Gold	Russia	4900 25%[24]	9.00	ix.7 [25] Mar.12	21.8 [5]	164615%[24]	78.four ii.six%[six]	74.1 [17]	211.92	707 [26]
5	Agnico Eagle Mines Express	Canada	3138.1 27%[27]	6.0 [28]	half-dozen.32016 [29] Oct'15	14.1 [7]	511.68%[27]	49.23 27%[eight]	9.976 [27]	xv.013	637 [27]
6	Newcrest Mining	Australia	3922 five%page 21[30]	ten.01	seven.2 [31] Jun.26	thirteen.8 [ix]	750 34%page 21	61.55 12.7%[ten] 59.82 2013[30] 58.77 (2012) 77.44 (2011) NC l[32] Lihr 25[33]	77.0 [34]	205.45 Newcrest 119.2 Lihir 86.234	A$750 [xxx]
7	Gilded Fields	South Africa	$3,892 31% [35]	seven.51	5.85 [36] Aug.2	9/18 [11]	723300%[35]	63.40 2%[12]	78.ix [17]	270.28	803 [37]
8	Kinross Golden	Canada	4,213.four xx%[38]	xi.fourteen	6.1 [39] Aug.1	8.iii [13]	$783.iii50%[38] (3742.3) ('thirteen) (2509.7) ('12)	67.10 5.vi%[xiv][twoscore] 74.2 (2012) [41] Kinross 65.14, RB 11.40 ('10) [42]	59.17	92.06 Kinross 74.8 Red Back 17.26	743 [40]
9	AngloGold Ashanti	S Africa	4427 25.6%[43]	11.61	vi.0 [44] May.28	8.57 [fifteen]	946144%[sixteen] (2,200)'13loss[43]	86.iv 7%[17]	74.nine [17]	264.30	830
10	Yamana Gold	Canada	1562 31.7%[45]|6.09		7.2 [46] Aug.five	5.5 [18]	203.69.seven%[45]	25.55 [xix]	19.iv [17]	46.35	596 [45]

these previous peak companies succumbed to M&A

new	Name	Base	Revenue mil.USD Ytd December 2014	2008 cap bil $	2013 cap bil USD	2021 cap bil USD	profit mil USD Ytd Dec 2014	2014 FY production tonnes	Reserves Moz	Total Resources Moz	Greenbacks Cost 2014 twelvemonth US$ full/oz
NA	Eldorado Gold	Canada	1123.912 ii.0%[47]	3.03	v.36 [36] Aug.2	NA	(641.615) [47]	xx.45 10%[47]	eighteen.61 [48]	20.2	494 [47]
NA	Goldcorp	Canada	4687 20.9%[49]	21.63	23.0 [50] Jn.nineteen	10.0 [20]	(2709) loss[49] 1749 (2012)	75.60 10%[51]	54.38 dec'13 [52] 60.1 feb'eleven [53]	81.59	687 [49]

Sources and other data

• since July i, 2019, the acquired Newmont mines contributed revenue of $1,184 million and net income of $322 million for the year concluded Dec 31, 2019. If the acquisition had occurred on January 1, 2019, consolidated revenue and consolidated net income for 2019 would take been $ten,745 million and

$4,500 million, respectively.[21]

• 2008 ranking Gold Strategist
• full resources [22]
• 1 tonne = m kg = 2204.half-dozen lbs = 35,273.9619 ounces; 1 ton = 2000 lbs = 32,000 ounces
• Newcrest Mining started including Lihir Golden avails in mid-2010 (revenue and profit changes are based on pre merger avails in 2009 and merged assets in 2010).
• Metrics such as greenbacks costs, revenue for years prior to 2011 were changed due to the transition in accounting standards from Generally Accepted Accounting Principles (GAAP) to International Fiscal Reporting Standards.^[54]
• For 2012 Barrick Aureate'south overall losses can exist attributed to a $four billion writedown on copper avails incurred during the final quarter.
• Golden Fields production down due to unbundling of sure assets in South Africa into a newly created company called Sibanye Golden.^[37]
• 3 of the companies took on major writedowns on their avails in the concluding quarter of 2011 and that affected their annual profits (Newmont $1.6B, Kinross $2.94B, Agnico-Eagle Mines $644.9M).
• Newmont operates Australia's two biggest gold mines, Boddington and Kalgoorlie.^[55]
• On July 25, 2011, Polyus Aureate and KazakhGold merged.
• In 2013 Goldcorp, Newmont, Newcrest, Kinross, AngloGold, and Eldorado produced more gold than the previous year. In 2012 information technology was Yamana, Kinross, and Polyus Golden that produced more. In 2011 it was Newmont, Newcrest, Kinross and Eldorado.
• November 8, 2012 – Goldcorp (+iii.v%) overtakes Barrick Gold (-25%) in marketplace value.

Canadian companies [edit]

Fifty-fifty though Canada lags far behind its counterparts in its amount of central depository financial institution gold reserves, Canadian companies dominate the industry. These companies are big players in the Canadian industry which ranks seventh globally^[56] but rely mostly on assets in foreign countries (Barrick Gold lone produced 209.79 tonnes of gilded in 2009,^[57] Canada produced 100 tonnes). In fact 75% of the world'south mining companies are headquartered in Canada.^[58] Canada'due south biggest undeveloped gold deposit is the Kerr Sulphurets Mitchell copper-gold holding in northwestern British Columbia; It holds 38.2 million ounces of golden (2P reserves steady in 2012, upward 27% in 2011).^[59] Some other project in the Detour Lake area of Ontario ranks 4th among North America'south deposits (up from six in July 2010).^{[60] [61] [62]} Amid the largest gold containing properties controlled past Canadian companies is Goldcorp's wholly owned billion ounce silver, eighteen million ounce gold Penasquito mine in Mexico and Ivanhoe Mines' 81.3 billion pound copper, 46.four one thousand thousand ounce gold Oyu Tolgoi deposit in Mongolia.^{[63] [64]} Barrick Aureate owns 50% of Super Pit, Australia's biggest gold mine.^[65]

threescore% of the state's gold output come from six mines, they are Crimson Lake 493,000 oz, Malartic 475,277 oz, Meadowbank 430,613 oz, Porcupine 291,900 oz, Musselwhite 256,300 oz, Detour Lake 232,287 oz.^[66]

In 2018 the Canadian embassy in Athens, Hellenic republic was attacked with sledgehammers and cherry paint by an anarchist group opposed to the embassy'south back up for Eldorado Gold Corp.'due south mining plans in Greece.^[67]

As of September 2009, there were 20 companies in the country with a market cap of ane billion dollars or more.^[68] Barrick Gold Corp. is the country's largest gilt mining company by several measures of size. After growing 3.35% on the year, on November 8, 2012 Goldcorp leapfrogs Barrick Gold in capitalization – Barrick lost 25% of its market place value that year.^[69] In the following table are Canada'south 10 highest valued gold mining companies for 2010 likewise as 6 other mid cap companies.

Big Cap	2010 cap	2020	Mid Cap	2010 cap	2020	other		2020
Barrick Gold	$twoscore bil [lxx] Jan	$threescore billion	Yamana Gold	$eight.17 billion [71] May	$6 billion	Franco-Nevada		$33 bil
Goldcorp		defunct	IAMGOLD	$half-dozen.87 bil [72]	$two billion	New Gold		$2 bil
Kinross Gold	$19 bil[73] Sept	$13 bil	Red Back Mining	$5.eighty billion[74] May	(meet Kinross)	Alamos Gilt		$5 billion
Agnico-Eagle Mines	$11.4 bil Oct.	$23 billion	Osisko Mining	$5.2 billion[75] July 31	$ii billion	Seabridge Aureate		$2 billion
Kirkland Lake Gold	$fifteen.0 billion	$15 bil	Centerra Gold	$iii.03-4.776 billion [76] [77]	$3 billion	NovaGold Resources		$4 bil
Franco-Nevada		$33 bil	Endeavour Mining	na	$5.0 billion

• Notes – Kinross Gold was 13.50 billion in May earlier it acquired Red Back Mining.^[72] Osisko Mining was $10 1000000 in 2005 and $iii.5 billion May 2010.^[78]

South Africa [edit]

The world'due south 5th largest golden producer (170 tons in 2012) that is home to two of the globe's ten largest golden mines.^[79] As recently as 2007 South Africa was the world's peak gold producer. The drop in its global ranking is not due to resource depletion (South Africa ranks close behind leader Australia in reserves) just rather to its high costs of product. In fact South Africa has the highest mining cash costs among all major producing regions.^[thirteen]

Notable South African gilded companies include:

• AngloGold Ashanti – world's 3rd biggest golden producer (merely has very loftier greenbacks costs per ounce) at three.944 million ounces in 2012.^[80] AngloGold is also South Africa'southward largest producer of uranium (1.46 million pounds in 2010), a position that was strengthened in July 2011 when it acquired twenty% of Canada'south First Uranium.^[81]
• Aureate Fields – produced 2.ii million ounces of gilt in 2013, down from 3.254 million ounces on the twelvemonth ended June 30, 2012; 2011 production ^[82] roughly the same as 2010.^[83] Its largest new mine has the potential to produce at a rate of one million ounces annually (though it produced 175,000 in 2009).^[84] It is South Africa's second leading producer.^[85] During 2013 the company spun off some of its assets into a new company chosen Sibanye Gold.
• Harmony Gilt (mining) – was the 5th largest producer of gold in 2008 (has since fallen off a chip, production was 2.33 million ounces (66.05 tonnes) in 2008 compared to one.56 million (44.23 tonnes) in fiscal 2010)^{[86] [87]}

Forbes Global 2000 [edit]

The Forbes Global 2000 list is produced annually by Forbes. Compiling data about each of the 2000 largest companies globally it ranks them. These are all of the gold companies that made the list in 2015. Companies that dropped out of the list, 2016: Osisko Golden Royalties; 2015: Polyus Gold, Newcrest Mining; 2014: Anglogold Ashanti, Yamana, Gold Fields, Kinross, Buenaventura, Shandong Mining, Eldorado; 2013: Iamgold; 2012: Agnico Hawkeye Mines.

It ranks them based on a number of factors, the top companies on its listing aren't necessarily the biggest. Data reflects the 12-calendar month period ending March 2016 for companies based in the United States, Canada and Bermuda. For all other countries, data is for the last fiscal year period.

May 2016 Cum. Rank	Proper name	Rank 2013	Rank 2014	Rank 2015	Rank 2016	Base	2016 rev (bil.USD)	2016 Profit (mil.USD)	Assets 2016 (bil$.)	Market place cap April (mil$.)
ane	Freeport-McMoRan	273	224	659	740	Us	16.ii	(12,200)	46.6	xiv,600
2	Barrick Gold	659	771	895	913	Canada	ix.i	(3,000)	26.three	18,800
3	Newmont Goldcorp	448	1033	891	977	United States	7.8	89	24.6	xvi,600
4	Goldcorp	559	1160	1268	1290	Canada	4.four	(4,400)	21.iv	14,200
5	Newcrest Mining	na	na	na	1607	Australia	3.iv	3,440	xi.3	10,600

Source: May half dozen, 2015: The Global 2000

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Source: https://en.wikipedia.org/wiki/Largest_gold_companies

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