- Kitco ranked the world’s top 10 largest gold mining companies by production in Q1 2023 based on publicly reported quarterly data.
Newmont was the top gold producer in Q1 2023. The company’s attributable gold production decreased 5% to 1,273 thousand ounces from the prior year quarter primarily due to lower mill recovery and ore grade milled at Peñasquito as a result of the planned mine sequencing, the impact of the mill shutdown at Tanami due to the rainfall event and lower production at Nevada Gold Mines.
Agnico Eagle is third with payable gold production of 813 thousand ounces in Q1 2023, up 23% compared to 661 thousand ounces produced in Q1 2022. The company explained that its payable gold production increased year-over-year due to the inclusion of additional days of production in the 2023 period at the Detour Lake, Fosterville and Macassa mines.
Gold Fields sits fifth. The company’s attributable equivalent gold production was 577 thousand ounces in Q1 2023, largely flat year-over-year.Newcrest produced 510 thousand ounces of gold in Q1 2023, up 6% compared to Q1 2022 .
Source: News Formal (newsformal.com)
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