15 Biggest Gold Mining Companies in the World

Published on November 21, 2022 at 9:45 am by Ramish Cheema in Commodities, Gold, Lists, News

In this piece, we will take a look at the fifteen biggest gold mining companies in the world. For more companies, head on over to 5 Biggest Gold Mining Companies in the World.

Gold is one of the most central assets in the financial world. Used as a currency standard until the late 19th century, the metal is still thought to be the second safest investment in the world after the U.S. dollar, with the only difference between the two being that dollar deposits yield an interest while gold only delivers a return in the form of price appreciation.

2022 has seen broad market turmoil that has led to investors fleeing away from gold and back into the U.S. dollar as the Federal Reserve’s brutal interest rate hike spree delivers large returns for bank deposits. Gold price is also perhaps the most crucially watched indicator these days, as it provides insight into investor opinion about the strength of the U.S. dollar.

The gold mining market forms the backbone of modern day gold, and the sector will be worth $221 billion by the end of this year according to a research report from Market Growth Reports. From then until 2028, it will grow at a compounded annual growth rate (CAGR) of 2.7% to be worth $260 billion by the end of the forecast period. Driving this growth will be more industrial use cases for the metal as well as new technologies that improve mining capabilities and efficiencies believes the research firm.

Another report, this time from Research and Markets, estimates that the gold mining industry was worth $214 billion last year, and it will grow at a CAGR of 3.1% until 2026 to sit at $250 billion. Looking at the industry through use cases, Research and Markets believes that the jewelry end use will grow from $107 billion in 2021 to $125 billion in 2026 with a 3% CAGR. On the other hand, the use of gold as a central bank asset will grow faster than the market as a whole, through a 3.5% CAGR that will see it blossom from being worth $23 billion in 2021 to $27 billion in 2026.

Today’s piece will take a look at some of the largest gold mining companies in the world, and out of these, the top players are Barrick Gold Corporation (BCBA:GOLD.BA), Newmont Corporation (BCBA:NEM.BA), and Agnico Eagle Mines Limited (BCBA:AEM.BA).

Pixabay/Public Domain

Our Methodology

We studied the gold mining industry in depth to sift out the different firms that mine for the precious metal. These are then ranked through their market capitalization.

Biggest Gold Mining Companies in the World

15. PT J Resources Asia Pasifik Tbk (IDX:PSAB.JK)

Market Capitalization as of November 20th, 2022: $196 million (1 IDR = 0.000064 USD)

PT J Resources Asia Pasifik Tbk (IDX:PSAB.JK) is an Indonesian gold mining company. The firm mines and sells gold and silver and it is headquartered in Jakarta, Selatan, Indonesia.

PT J Resources Asia Pasifik Tbk (IDX:PSAB.JK) has four main gold mines. These are the Bakan, Seruyung, Penjom, and North Lanut Mines. Out of these, North Lanut is the oldest heap mine in Indonesia, and it has a production capacity of 1.2 million tonnes per annum. The other three mines have a cumulative production capacity of 8.2 million tonnes per annum.

PT J Resources Asia Pasifik Tbk (IDX:PSAB.JK) has a market capitalization of $196 million.

Along with Newmont Corporation (BCBA:NEM.BA), Barrick Gold Corporation (BCBA:GOLD.BA), and Agnico Eagle Mines Limited (BCBA:AEM.BA), PT J Resources Asia Pasifik Tbk (IDX:PSAB.JK) is one of the largest gold mining companies in the world.

14. PT Archi Indonesia Tbk (IDX:ARCI.JK)

Market Capitalization as of November 20th, 2022: $544 million (1 IDR = 0.000064 USD)

PT Archi Indonesia Tbk (IDX:ARCI.JK) is another Indonesian gold and silver mining company. The firm’s Toka Tindung project spans nearly 40,000 hectares of area. It is headquartered in South Jakarta, Indonesia.

PT Archi Indonesia Tbk (IDX:ARCI.JK) reported $119 million in revenue for this year’s first half, which translated into a net income of $14.15 million. Out of these, domestic sales accounted for the greatest share as they stood at $74 million. The company’s biggest customer was PT Bhumi Satu, which bought $71 million of gold from PT Archi Indonesia Tbk (IDX:ARCI.JK) during H1 2022.

As of November 20th, 2022, PT Archi Indonesia Tbk (IDX:ARCI.JK) had a market capitalization equaling $544 million.

13. PT Wilton Makmur indonesia Tbk. (IDX:SQMI.JK)

Market Capitalization as of November 20th, 2022: $840 million (1 IDR = 0.000064 USD)

PT Wilton Makmur indonesia Tbk. (IDX:SQMI.JK) is a gold mining company headquartered in Jakarta, Indonesia. The firm also sells other resources such as lead and coal.

PT Wilton Makmur indonesia Tbk. (IDX:SQMI.JK) operates four gold mines, which are the Cikadu, Sekolah, Cibatu, and Pasir Manggu West mines. Out of these, Cibatu has the largest reserves which stand at 7.9 tons. Cumulatively, the four mines have 25,000 kg of gold available.

PT Wilton Makmur indonesia Tbk. (IDX:SQMI.JK)’s latest market capitalization is $840 million.

12. Harmony Gold Mining Company Limited (JSE:HAR.JO)

Market Capitalization as of November 20th, 2022: $2 billion (1 ZAR = 0.058 USD)

Harmony Gold Mining Company Limited (JSE:HAR.JO) is a South African mining company that focuses its attention primarily on gold and also explores uranium, silver, and other metals. It is headquartered in Randfontein, South Africa.

Harmony Gold Mining Company Limited (JSE:HAR.JO)’s gold resources totaled 133 million ounces as of June 2022. Additionally, out of these, the gold reserves were equal to 40 million ounces. 54% of the reserves were located inside South Africa, while the remaining came from Papa New Guinea. The firm has eight underground mining sites in South Africa, and two mining sites in Papa New Guinea.

As of November 20th, 2022, Harmony Gold Mining Company Limited (JSE:HAR.JO)’s market capitalization was worth $2 billion.

11. Hecla Mining Company (BCBA:HL.BA)

Market Capitalization as of November 20th, 2022: $6 billion (1 ARS = 0.0061 USD)

Hecla Mining Company (BCBA:HL.BA) is an American company that acquires and develops mining properties all over the world. Its properties are located in the U.S., Mexico, and Canada. Hecla Mining Company (BCBA.HL.BA) is headquartered in Coeur d’Alene, Idaho.

Hecla Mining Company (BCBA:HL.BA) produced 201,327 ounces of gold in 2021. Most of its mines are located in the U.S, and its proven gold reserves stand at 596,000 ounces. Additionally, Hecla Mining Company (BCBA.HL.BA)’s proven and probable reserves are 2.7 million ounces.

Hecla Mining Company (BCBA:HL.BA) has $6 billion in market capitalization.

10. AngloGold Ashanti Limited (JSE:ANG.JO)

Market Capitalization as of November 20th, 2022: $7.1 billion (1 ZAR = 0.058 USD)

AngloGold Ashanti Limited (JSE:ANG.JO) is a South African gold mining company that has properties all over the globe, in regions including Australia, Africa, and the Americas. The firm is headquartered in Johannesburg, South Africa.

Cumulatively, AngloGold Ashanti Limited (JSE:ANG.JO) has twelve properties located in different countries. Out of these, two are located in Ghana, two in Brazil and in Australia, and one each in Tanzania, Congo, Colombia, the U.S., and Guinea. AngloGold Ashanti Limited (JSE:ANG.JO) had 123 million ounces of mineral resources by the end of 2021, and its mineral reserves stood at 29.8 million ounces during the same time period.

AngloGold Ashanti Limited (JSE:ANG.JO)’s latest market capitalization is $2 billion.

9. Sibanye Stillwater Limited (JSE:SSW.JO)

Market Capitalization as of November 20th, 2022: $7.2 billion (1 ZAR = 0.058 USD)

Sibanye Stillwater Limited (JSE:SSW.JO) is a global mining company with operations in the U.S., South Africa, Zimbabwe, Canada, and Argentine. It is headquartered in Weltevreden Park, South Africa.

Sibanye Stillwater Limited (JSE:SSW.JO) had 398 million ounces of precious metals resources by the end of 2021. Out of these, gold accounted for 60 million ounces, primarily through the firm’s operations in South Africa. During the same time period, its metal reserves were 72.5 million ounces, out of which gold accounted for 7.8 million ounces. Sibanye Stillwater Limited (JSE:SSW.JO) has seven gold mining sites in South Africa.

Sibanye Stillwater Limited (JSE:SSW.JO)’s market capitalization is $7.2 billion.

8. Yamana Gold Inc. (BCBA:AUY.BA)

Market Capitalization as of November 20th, 2022: $9.8 billion (1 ARS = 0.0061 USD)

Yamana Gold Inc. (BCBA:AUY.BA) is a gold and silver producer that is headquartered in Toronto, Canada. The firm has operations in Canada, Brazil, Chile, and Argentina. Its shares are also traded on the New York Stock Exchange (NYSE).

Yamana Gold Inc. (BCBA:AUY.BA)’s mineral resources as of 2021 stand at 176 million tonnes. Out of these, the Jeronimo resources constitute the largest chunk, as they stand at 95 million tonnes. The firm’s mineral reserves of gold are 388 million tonnes, and its proven and probable gold reserves are 758 million tonnes.

As of November 20th, 2022, Yamana Gold Inc. (BCBA:AUY.BA) has a market capitalization of $9.8 billion.

7. Kinross Gold Corporation (BCBA:KGC.BA)

Market Capitalization as of November 20th, 2022: $10.7 billion (1 ARS = 0.0061 USD)

Kinross Gold Corporation (BCBA:KGC.BA) is a Canadian gold mining company that has properties in the U.S., Russia, Brazil, Chile, and other African countries. The firm is headquartered in Toronto, Canada.

Kinross Gold Corporation (BCBA:KGC.BA) had 32.6 million ounces in proven and probable gold reserves as of December 2021. Out of these, 28.5 million ounces were measured and indicated reserves, while its inferred gold reserves stood at nine million ounces. The firm is aiming to produce two million ounces of gold this year.

Kinross Gold Corporation (BCBA:KGC.BA)’s market capitalization is $10.7 billion.

6. NovaGold Resources Inc. (BCBA:NG.BA)

Market Capitalization as of November 20th, 2022: $14.6 billion (1 ARS = 0.0061 USD)

NovaGold Resources Inc. (BCBA:NG.BA) is a Canadian gold mining company that focuses its operations primarily in the United States. It is based in Vancouver, Canada, and has exploration properties in Alaska.

NovaGold Resources Inc. (BCBA:NG.BA)’s primary asset, the Donlin Gold project in Alaska, is estimated to have a 27 year lifespan, making it one of the longest life projects in the world. Peak production from this site is estimated to sit at a whopping 155 million tonnes per year, with average throughput expected to be 54,500 tonnes per day. Donlin’s proven reserves sit at 7,683 kilo tonnes, and the provable reserves are an eye popping 497,128 kilo tonnes.

The latest reading of NovaGold Resources Inc. (BCBA:NG.BA)’s market capitalization is $14.6 billion.

NovaGold Resources Inc. (BCBA:NG.BA) is one of the biggest gold mining companies in the world, alongside others such as Barrick Gold Corporation (BCBA:GOLD.BA), Newmont Corporation (BCBA:NEM.BA), and Agnico Eagle Mines Limited (BCBA:AEM.BA).

Click to continue reading and see 5 Biggest Gold Mining Companies in the World.

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Published on June 23, 2025 at by Inan Dogan, PhD

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15 Biggest Gold Mining Companies in the World

Published on November 21, 2022 at 9:45 am by Ramish Cheema in Commodities, Gold, Lists, News

Biggest Gold Mining Companies in the World

15. PT J Resources Asia Pasifik Tbk (IDX:PSAB.JK)

14. PT Archi Indonesia Tbk (IDX:ARCI.JK)

13. PT Wilton Makmur indonesia Tbk. (IDX:SQMI.JK)

12. Harmony Gold Mining Company Limited (JSE:HAR.JO)

11. Hecla Mining Company (BCBA:HL.BA)

10. AngloGold Ashanti Limited (JSE:ANG.JO)

9. Sibanye Stillwater Limited (JSE:SSW.JO)

8. Yamana Gold Inc. (BCBA:AUY.BA)

7. Kinross Gold Corporation (BCBA:KGC.BA)

6. NovaGold Resources Inc. (BCBA:NG.BA)

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Here’s why this is a deal you can’t afford to pass up:

A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 at by Insider Monkey Staff

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15 Biggest Gold Mining Companies in the World

Published on November 21, 2022 at 9:45 am by Ramish Cheema in Commodities, Gold, Lists, News

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Biggest Gold Mining Companies in the World

15. PT J Resources Asia Pasifik Tbk (IDX:PSAB.JK)

14. PT Archi Indonesia Tbk (IDX:ARCI.JK)

13. PT Wilton Makmur indonesia Tbk. (IDX:SQMI.JK)

12. Harmony Gold Mining Company Limited (JSE:HAR.JO)

11. Hecla Mining Company (BCBA:HL.BA)

10. AngloGold Ashanti Limited (JSE:ANG.JO)

9. Sibanye Stillwater Limited (JSE:SSW.JO)

8. Yamana Gold Inc. (BCBA:AUY.BA)

7. Kinross Gold Corporation (BCBA:KGC.BA)

6. NovaGold Resources Inc. (BCBA:NG.BA)

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Here’s why this is a deal you can’t afford to pass up:

A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 at by Insider Monkey Staff