5 Countries That Produce the Most Gold in the World

3. Australia

Gold Mining Production Volume: 313.9 Tons

With a claim of holding the largest economic gold reserves in the world, Australia has positioned itself as a dominant player in the global gold industry. Australia’s gold reserves are spread across various states and territories but almost 60% of them are present in Western Australia. In the fiscal year 2022, Australia produced whopping 314 tons of gold, approximately!