Visualizing Global Gold Production in 2023
June 13, 2024

By  Article/Editing: Bruno Venditti Graphics/Design: Sam Parker

Visualizing Global Gold Production in 2023


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Over 3,000 tonnes of gold were produced globally in 2023.


In this graphic, we list the world’s leading countries in terms of gold production. These figures come from the latest USGS publication on gold statistics (published January 2024).


China, Australia, and Russia Produced the Most Gold in 2023


China was the top producer in 2023, responsible for over 12% of total global production, followed by Australia and Russia.



Country Region 2023E Production (tonnes)
🇨🇳 China Asia 370
🇦🇺 Australia Oceania 310
🇷🇺 Russia Europe 310
🇨🇦 Canada North America 200
🇺🇸 United States North America 170
🇰🇿 Kazakhstan Asia 130
🇲🇽 Mexico North America 120
🇮🇩 Indonesia Asia 110
🇿🇦 South Africa Africa 100
🇺🇿 Uzbekistan Asia 100
🇬🇭 Ghana Africa 90
🇵🇪 Peru South America 90
🇧🇷 Brazil South America 60
🇧🇫 Burkina Faso Africa 60
🇲🇱 Mali Africa 60
🇹🇿 Tanzania Africa 60
🌍 Rest of World - 700

Gold mines in China are primarily concentrated in eastern provinces such as Shandong, Henan, Fujian, and Liaoning. As of January 2024, China’s gold mine reserves stand at an estimated 3,000 tonnes, representing around 5% of the global total of 59,000 tonnes.


In addition to being the top producer, China emerged as the largest buyer of the yellow metal for the year. In fact, the country’s central bank alone bought 225 tonnes of gold in 2023, according the World Gold Council.


Estimated Global Gold Consumption


Most of the gold produced in 2023 was used in jewelry production, while another significant portion was sold as a store of value, such as in gold bars or coins.

  • Jewelry: 46%
  • Central Banks and Institutions: 23%
  • Physical Bars: 16%
  • Official Coins, Medals, and Imitation Coins: 9%
  • Electrical and Electronics: 5%
  • Other: 1%


According to Fitch Solutions, over the medium term (2023-2032), global gold mine production is expected to grow 15%, as high prices encourage investment and output.


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April 20, 2026
TORONTO, April 20, 2026 - VVC Exploration Corporation, dba VVC Resources, (“VVC”), (TSX-V:VVC and OTCQC:VVCVF) announces the following: Option Grant The Directors granted incentive stock options under its stock option plan, to officers, directors and consultants of the Company, to purchase up to an aggregate of 14,750,000 common shares, representing 2.58% of the outstanding shares of the Company. The stock options are exercisable at a price of CA$0.05 per share expiring April 20, 2036. Twenty five percent (25%) of the options granted will vest immediately with the remaining vesting at 25% every six months. The exercise price was fixed at the minimum allowable price by the TSX Venture Exchange policies. The options, granted in accordance with the provisions of the Company's stock option plan, are subject to the TSX Venture Exchange policies and the applicable securities laws. Of the Options granted, 32.2% were to Directors, 37.3% to Officers, 18.6% to Employees and 11.9% to Consultants of the Company.  About VVC Resources VVC engages in the exploration, development, and management of natural resources - specializing in scarce and increasingly valuable materials needed to meet the growing, high-tech demands of industries such as manufacturing, technology, medicine, space travel, and the expanding green economy. Our portfolio includes a diverse set of multi-asset, high-growth projects, comprising: Helium & industrial gas production in western U.S.; Gold & associated metals operations in northern Mexico; and Strategic investments in carbon sequestration and other green energy technologies. VVC is a Canada-based, publicly-traded company on the TSXV (TSX-V:VVC). To learn more, visit our website at: www.vvcresources.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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