Top 10 Gold Mining Companies In The World (2025–2026): Production, Profit, And Full Rankings

(The Article rankings are current as of August 2026, using each company’s full-year 2025 production results and the latest available 2026 guidance.)

Gold prices rewrote mining history in 2025. The metal surged more than 60%, set over 50 record highs, and turned many of the world’s biggest gold miners into record-profit machines. But while earnings soared across the board, the race for the title of world’s largest producer changed in some genuinely surprising ways:

• Some companies sharply increased gold production.
• Others saw little or no production growth.
• While in some ,Government disputes and major acquisitions reshuffled the global rankings.

And almost every single one of them made more money than ever before whether their mines produced more gold or not.

This guide ranks the world’s ten largest gold miners by 2025 attributable gold production, sourced directly from each company’s own earnings disclosures, with links so you can verify the numbers yourself.

Quick Answer

The world’s largest gold mining company by production is Newmont Corporation, which produced 5.9 million attributable gold ounces in 2025 and reported a record $7.2 billion in net income.

It’s followed by Agnico Eagle Mines, Barrick Mining, Zijin Mining, Navoi Mining and Metallurgy, AngloGold Ashanti, Polyus, Gold Fields, Kinross Gold, and Northern Star Resources.

Gold’s historic 2025 price rally means almost every company on this list posted record or near-record profits even where production stayed flat or fell.

Barrick and Polyus both produced less gold than the year before and still made significantly more money, because the price gain outpaced the production drop.

Key Takeaways

• Newmont remains the world’s largest gold producer by a wide margin, nearly 70% more gold than second-place Agnico Eagle.
• Agnico Eagle overtook Barrick for the number-two spot in 2025, the first time that’s happened in recent years.
• Zijin Mining posted the largest year-over-year production jump among the majors, driven by acquisitions in Ghana and Kazakhstan.
• Barrick’s Loulo-Gounkoto complex in Mali was seized by Mali’s military government for most of 2025 before Barrick regained control in December.
• Barrick’s board has approved plans to spin off its North American gold assets, including Nevada Gold Mines, into a separately listed company by late 2026.

How Gold Miners Get Ranked

There isn’t one official way to rank the world’s biggest gold mining companies. That’s why different “Top 10” lists may rank the same companies in different positions. Common ranking methods include:

• Annual gold production
• Market capitalization
• Gold reserves
• Revenue
• Profitability
• Total mining assets

Annual gold production is generally considered the best way to rank the world’s biggest gold mining companies, since it reflects what a company actually pulled out of the ground rather than what the market thinks it’s worth. That’s the method this article follows, with a few important things to know:

Attributable vs. total production:

Attributable production only counts a company’s ownership stake in a mine, not the mine’s total output. Newmont owns 38.5% of Nevada Gold Mines, so only 38.5% of that mine’s output counts toward Newmont’s total even though the joint venture itself produces far more. This is the standard used by most major trackers, including MINING.com and the Investing News Network.

Fiscal year differences:

Not every company reports on a calendar year. For example, Northern Star Resources follows an Australian fiscal year that ends in June. This means its FY2025 covers the period from mid-2024 to mid-2025, so keep that in mind when comparing it with companies that report from January to December.

State-owned vs. publicly traded:

Some rankings exclude state-owned miners because they don’t publish financial reports like listed companies. This list includes Uzbekistan’s Navoi Mining because of its large production, although its figures are less independently verified than those of publicly traded miners.

Currency and accounting standards:

Companies like Polyus and Zijin report their financial results in local currencies or use different accounting rules than U.S.-listed miners. Where needed, this article uses the U.S. dollar figures the companies provide in their official investor reports.

The Top 10 Gold Mining Companies, Ranked By 2025 Production

While Newmont stayed comfortably in first place, the real surprise below it was Agnico Eagle overtaking Barrick for second. At the same time, Zijin posted the fastest production growth of any major, while Barrick and Polyus proved that a high enough gold price can offset falling output entirely. Here’s how each of the ten stacked up.

1. Newmont Corporation

Newmont isn’t just the largest gold miner in the world but it also produces nearly double the gold of the company in third place, a gap that stayed wide even through a year of asset sales and declining output.

What Happened In 2025

Newmont hit its 2025 production target despite mining less gold than the year before, mainly by selling smaller mines acquired through the 2023 Newcrest Mining deal and focusing on core operations.

CEO Natascha Viljoen called 2025 “a milestone year,” citing record free cash flow, $3.4 billion returned to shareholders, and $3.4 billion of debt reduction leaving the company net cash positive entering 2026.

The Ahafo North project in Ghana entered commercial production during the year.

The Ghana Tax Adjustment And Portfolio Trim

Newmont has guided for a further output decline in 2026 as it keeps trimming smaller mines and adjusts to Ghana’s new tax rules.

The Bigger Picture:

A smaller, more concentrated portfolio doesn’t necessarily weaken Newmont’s position .Higher-grade mines and disciplined spending can generate stronger cash flow even with fewer ounces produced, that’s why investors are watching margins as closely as production.

One of Newmont’s biggest strengths is its global reach. It operates mines across several continents, so problems at one mine don’t affect the whole business as much. Its large reserve base, built through the Newcrest and Goldcorp acquisitions, also helps support production for many years.(Source: Newmont Q4 & Full Year 2025 Results)

Newmont vs. Agnico Eagle:

Newmont produced 5.9 million ounces of gold in 2025, about 71% more than Agnico Eagle’s 3.45 million ounces. Even so, Agnico Eagle earned $4.46 billion in net income from its smaller production, showing that producing the most gold doesn’t always mean making the most profit.

2. Agnico Eagle Mines

Agnico Eagle overtook Barrick for the world’s number-two spot in 2025, something that hasn’t happened in recent memory. Its eight operating mines beat the midpoint of the company’s own guidance, alongside record annual free cash flow.

What Happened In 2025

CEO Ammar Al-Joundi said the company had “never been better positioned,” pointing to $1.4 billion in shareholder returns and a 12.5% dividend increase.

Agnico acquired O3 Mining to strengthen its Canadian Malartic operations and invested in several smaller exploration companies.

Measured and indicated mineral resources grew to 47.1 million ounces, a new high for the company.

The Path To 4 Million Ounces

Unlike many peers, Agnico concentrates production almost entirely in politically stable countries such as Canada, Finland, Australia, and Mexico. The context: in an industry where a single government dispute (see Barrick, below) can wipe out a year of output, that geographic discipline is a real structural advantage investors pay a premium for.

Its Kittilä mine in Finland is Europe’s largest primary gold mine, and the company has said its growth pipeline could push annual production above 4 million ounces by the early 2030s.(Source: Agnico Eagle Q4 & Full Year 2025 Results)

3. Barrick Mining Corporation

Barrick’s defining story in 2025 was political, not operational: a dispute with Mali’s military government over the Loulo-Gounkoto complex, one of the world’s largest gold operations.

What Happened In 2025

Barrick was forced to suspend Loulo-Gounkoto in January 2025 after a two-year dispute, only regaining control in December following a settlement that included a payment to Mali’s government.

Despite the disruption, full-year revenue climbed 31% and free cash flow surged 194% to $3.87 billion driven almost entirely by the gold price rally rather than higher output.

Full-year production of 3.26 million ounces still landed in line with the guidance set at the start of the year.

The Nevada Gold Mines Spinoff

Barrick’s board has approved preparations for an IPO that would spin off its North American gold assets including its Nevada Gold Mines joint venture with Newmont into a separately listed company, targeted for completion by late 2026.

Worth noting: the spinoff would let investors buy exposure to Barrick’s stable North American assets without the political risk attached to its African and Latin American operations, a structural fix directly aimed at the kind of disruption Mali caused in 2025. Its new dividend policy targets 50% of attributable free cash flow paid to shareholders.(Source: Barrick Q4 & Full Year 2025 Results)

A pattern is emerging:

Barrick and Polyus both mined less gold in 2025 and still posted sharply higher profit. When the metal’s price jumps as much as it did last year, a company doesn’t need to dig up more of it to make significantly more money, it just needs to sell what it already has at a much better price.

4. Zijin Mining Group

Zijin didn’t just grow in 2025, it posted the sharpest gold production increase of any major miner on this list.

What Happened In 2025

The production jump was driven by two major deals: the Akyem mine in Ghana, purchased from Newmont, and the Raygorodok gold mine in Kazakhstan, part of a deliberate push into Central Asia.

Zijin projected net profit of roughly RMB 51–52 billion (about $7.4 billion) for 2025, a company record and growth of up to 62% year-over-year.

In September 2025, Zijin spun off its overseas gold operations into a separately listed entity, Zijin Gold International, on the Hong Kong Stock Exchange.

The 105-Tonne Target And Zijin Gold International

Zijin’s profit and revenue figures cover its entire multi-metal business, not gold alone, the company is also one of the world’s largest copper producers.

The upshot: while Western majors like Newmont and Barrick are largely optimizing existing portfolios, Zijin is still in acquisition mode, buying its way into Africa, Central Asia, and Latin America. It has set a goal of ranking among the world’s top three gold and copper producers by 2028.(Source: Zijin Mining 2025 Annual Results)

Zijin vs. the Western majors: Zijin’s gold output grew 23.5% in 2025 while Newmont’s declined and Barrick’s held roughly flat. That gap is a real signal of where the industry’s next growth is coming from increasingly, China and Central Asia rather than North America.

5. Navoi Mining And Metallurgy Company (NMMC)

Navoi is the outlier on this list in one specific way: it’s wholly state-owned by Uzbekistan’s Ministry of Economy and Finance and isn’t publicly traded anywhere, so its financials are disclosed on the company’s own terms rather than through standard exchange reporting.

What Happened In 2025

Industry tracker MINING.com reports NMMC met its 2025 output target enough to surpass Russia’s Polyus and become the world’s fourth-largest gold producer by some counts, though the exact ranking depends on final full-year figures from both companies.

Its flagship Muruntau mine is recognized as one of the largest open-pit gold mines in the world by physical scale, with a confirmed resource base cited at over 100 million ounces.

The Stage V Expansion

Because it’s state-owned, Navoi doesn’t face the same shareholder pressure or public earnings scrutiny as listed miners. The takeaway: that lack of quarterly pressure is exactly what lets Navoi commit to a decade-long expansion like Stage V without needing to justify the spend to public shareholders, a structural advantage no listed company on this list has.

The company has reportedly also explored a potential London listing, which would change that calculus.(Sources: Navoi Mining and Metallurgical Company official site; MINING.com coverage)

6. AngloGold Ashanti

AngloGold Ashanti is structured differently from most major miners: its global headquarters are in Denver, its registered office is in London, and its corporate office remains in Johannesburg.

What Happened In 2025

AngloGold became a 3-million-ounce producer for the first time, helped by the first full year of contribution from Sukari, Egypt’s largest gold mine, following its 2024 acquisition of Centamin.

CEO Alberto Calderón credited the results to safety and cost discipline, saying the company “safely met production guidance, controlled costs better than most of the industry.”

The company expanded further into Nevada with its acquisition of Augusta Gold.

The Augusta Gold Build-Out

AngloGold declared $1.8 billion in total dividends for 2025 the highest in its history, representing 62% of free cash flow and swung from net debt at the end of 2024 to a net cash position by year-end.

The takeaway here: a nearly-tripled free cash flow on “only” a 16% production increase shows how much operating leverage AngloGold gained once its higher-margin Sukari mine ran a full year, a dynamic worth watching as its Nevada assets ramp up next.(Source: AngloGold Ashanti Q4 & Full Year 2025 Results)

7. Polyus

Polyus is Russia’s largest gold producer, and its 2025 results tell an increasingly familiar story on this list: production fell, and profit rose anyway, purely on the strength of the gold price.

What Happened In 2025

The production decline was planned, not accidental. Polyus deliberately cut output at Olimpiada as part of a phased transition it expects to continue for several more years.

CEO Alexey Vostokov said Polyus has “entered a new growth cycle” requiring heavy investment, spending $2.2 billion, mostly on developing the Sukhoi Log deposit in eastern Siberia, one of the largest undeveloped gold resources in the world.

Like other major Russian gold miners, Polyus continues operating under Western sanctions imposed since 2022, restricting some access to international markets and financing.

The Sukhoi Log Bet

Sukhoi Log is targeted to enter full operation in 2029 and is expected to eventually double Polyus’s total output to around 6 million ounces by 2030.

Zooming out: Polyus is essentially trading several years of lower near-term output for what could become one of the largest gold mines in the world, a bet that only makes sense if gold prices, or at least Polyus’s access to global buyers, stay favorable through the rest of the decade.(Source: Polyus Full Year 2025 Results)

8. Gold Fields

Gold Fields had arguably the most transformative single year of any company on this list, driven by one new mine ramping up and one major acquisition closing almost simultaneously.

What Happened In 2025

The single biggest growth driver was the Salares Norte mine in Chile, which reached commercial production in Q3 2025 and steady-state operations in Q4.

Gold Fields completed its acquisition of Australia’s Gold Road Resources, consolidating ownership of the Gruyere mine and surrounding tenements.

Production landed at the upper end of guidance for the year.

Beyond Salares Norte And Gruyere

One of Gold Fields’ most technically demanding assets is South Deep, one of the world’s deepest gold mines, operating several kilometers below the surface.

Put simply: CEO Mike Fraser has said the company remains open to further acquisitions as it looks to keep growing its production base meaning 2025’s 18% growth may not be a one-off, but the start of a more acquisitive pattern for Gold Fields going forward.(Source: Gold Fields FY2025 Reviewed Results)

A pattern is emerging: Whether a miner grew production (Gold Fields, AngloGold, Zijin) or let it slip (Barrick, Polyus), 2025’s record gold price meant almost everyone ended the year with record or near-record profit. Production told the operational story; price told the financial one.

9. Kinross Gold

Kinross delivered what it called a year of meeting “all key guidance metrics” built less on production growth and more on squeezing significantly more profit out of roughly the same output as the year before.

What Happened In 2025

Paracatu in Brazil continued its long streak of production above 500,000 ounces.

Tasiast in Mauritania was described by the company as its highest-margin operation for the year.

Kinross repaid $700 million in debt, ending 2025 with over $1 billion in net cash, while still returning roughly $1.5 billion to shareholders through buybacks and dividends.

The US Development Pipeline

Rather than pursuing large acquisitions like several peers on this list, Kinross has focused on improving existing operations plant upgrades, modern processing technology, and exploration around current mines alongside advancing several US development projects it expects to anchor future growth.

What this means: This organic-growth approach is lower-risk than the acquisition-heavy strategies at Zijin, Gold Fields, and Northern Star, but it also caps how fast Kinross can grow output in the near term. Shareholder returns are planned to hold at roughly 40% of free cash flow in 2026.(Source: Kinross Q4 & Full Year 2025 Results)

10. Northern Star Resources

Northern Star rounds out the top ten as the only Australian company on this list and the only one running a fiscal year that doesn’t match the calendar year (its FY2025 covers July 2024 through June 2025).

What Happened In FY2025

Northern Star has transformed from a relatively small Australian miner into one of the world’s largest gold producers in a little over a decade largely by acquiring established mines and improving their performance rather than building new projects from scratch.

Its flagship asset is the Kalgoorlie Consolidated Gold Mines, better known as the Super Pit, one of Australia’s most famous gold operations.

The company completed a roughly A$5 billion acquisition of developer De Grey Mining during the period.

The De Grey Integration

Managing Director Stuart Tonkin called FY2025 “another record-breaking financial performance,” citing consistent improvement in EBITDA and return on capital employed over the prior three years.

Bottom line: the De Grey deal could eventually push annual production as high as 3 million ounces which would move Northern Star from the bottom of this list into the middle of it within a few years, assuming the integration goes smoothly.(Source: Northern Star FY2025 Financial Results)

Gold Production, Visualized

Newmont            ████████████████████  5.9M oz  Agnico Eagle      ████████████         3.45M oz  Barrick Mining    ███████████         3.26M oz  Navoi Mining      ███████████        ~3.1M oz  AngloGold          ███████████        3.1M oz  Zijin Mining        ██████████        ~2.89M oz  Polyus                ████████        2.5M oz  Gold Fields         ████████       2.44M oz  Kinross Gold       ███████     2.01M oz  Northern Star      ██████    1.63M oz (FY)  

Side-By-Side: All Ten Companies At A Glance

Two direct comparisons worth noting:

Agnico Eagle produces less gold than Newmont but runs a leaner, geographically concentrated portfolio that many investors see as lower-risk. Its 2025 net income of $4.46 billion came on 3.45 million ounces, a higher profit-per-ounce ratio than several larger peers.

Barrick and Newmont both operate Nevada Gold Mines together, yet the two companies took very different paths in 2025. Newmont sold off smaller assets to sharpen its focus, while Barrick fought to keep control of its Mali operation and is now preparing to spin off its own North American assets.

More Ways To Slice The Rankings

Fastest production growth (2025 vs. 2024)

Production growth varied widely among the world’s biggest gold miners in 2025, with acquisitions driving the strongest gains and portfolio changes weighing on others.

Highest 2025 profit (where a single comparable figure was disclosed)

Barrick, AngloGold Ashanti, Navoi, Kinross, and Northern Star don’t break out one directly comparable net income figure in their headline results, so they’re left out of this specific ranking rather than estimated.

Countries represented

Public vs. state-owned

Nine of the ten companies on this list are publicly traded. Only Navoi Mining is state-owned and unlisted though it has reportedly explored a potential London listing, which would make it the first of these to cross over.

A Decade Of Deals: How The Rankings Got Here

2018 : Newmont and Barrick both produced meaningfully more gold than they do today, before a wave of consolidation reshaped the industry’s shape entirely.

2019 : Newmont acquires Goldcorp, the deal that begins its climb toward the top of the rankings.

2023 : Newmont acquires Newcrest Mining, roughly doubling its production base and cementing its position as the world’s largest gold producer.

2024 : AngloGold Ashanti acquires Centamin, adding Egypt’s Sukari mine; Gold Fields agrees to acquire Gold Road Resources.

2025 : Agnico Eagle overtakes Barrick for the number-two spot; Barrick loses and regains control of Loulo-Gounkoto in Mali; Zijin acquires Ghana’s Akyem mine and Kazakhstan’s Raygorodok mine; Northern Star completes its acquisition of De Grey Mining.

2026 (in progress): Barrick’s board targets completion of a Nevada Gold Mines spinoff IPO; Zijin targets 105 tonnes of production; Polyus continues developing Sukhoi Log toward a 2029 startup.

How The Rankings Have Shifted Over Time

This exact top-10 list looks meaningfully different than it would have a decade ago or even two or three years ago.

Newmont’s scale roughly doubled through acquisition, not organic growth. In 2018, Newmont (then Newmont Goldcorp) produced about 158.7 tonnes of gold. Its 2023 acquisition of Newcrest Mining, and its earlier 2019 acquisition of Goldcorp, are what pushed it to its current scale, not steady year-over-year mine expansion.

Barrick’s 2018 output was 140.8 tonnes meaningfully higher than its 2025 figure of roughly 101 tonnes (3.26 million ounces), reflecting both the Mali disruption and a broader strategic shift toward copper alongside gold.

Several former top-10 fixtures no longer exist as independent companies. Newcrest Mining, once a top-five producer, was absorbed into Newmont in 2023. Goldcorp, a top-10 name for years, was acquired by Newmont in 2019.

China and Central Asia have become far more prominent. A decade ago, this list skewed heavily toward North America, South Africa, and Australia. Zijin’s rapid rise and Navoi’s steady growth reflect a real shift in where global production growth is coming from.

A fully verified, ounce-by-ounce comparison back to 2010 for all ten of today’s companies isn’t available in one consistent public dataset, partly because several of them have merged with or acquired other major producers since then. Where this article cites historical figures, they’re drawn from verified company disclosures rather than estimates.

Why Profits Grew Even Where Production Didn’t

This is the single most important pattern across the entire list: gold averaged around $3,431–$3,468 per ounce in 2025, a genuinely historic run. When a commodity’s price jumps that dramatically, a company doesn’t need to mine more of it to make significantly more money. It just needs to sell what it already produces at a much higher price.

That’s exactly what happened at Barrick and Polyus, both of which mined less gold in 2025 than the year before and still reported sharply higher profit and free cash flow. It’s also part of why AngloGold Ashanti’s free cash flow nearly tripled on “only” a 16% production increase the math of higher prices compounds faster than the math of higher output.

Why Size Alone Doesn’t Guarantee Profitability

Being the world’s largest gold producer comes with real advantages:

• Spreading operating costs across multiple mines
• Negotiating better equipment and supply contracts
• Investing more heavily in exploration
• Absorbing temporary production disruptions more easily than smaller rivals
• Greater financial flexibility to fund new projects that can cost billions before producing a single ounce

But size doesn’t automatically translate into the highest margins. Some smaller miners earn higher profits because they extract higher-quality deposits that cost less to mine, or because they operate where labor and running costs are lower. That’s why investors also compare cost per ounce, free cash flow, reserve size and quality, and how many years a company’s mines are expected to keep producing factors that reveal whether growth is durable or mainly the product of buying another company.

What This Means Going Into 2026

Several companies on this list Newmont, Barrick, and Polyus among them have guided for flat or declining production in 2026. That’s not necessarily a warning sign. If gold prices hold anywhere near 2025’s elevated levels, profitability can keep climbing even with modestly lower output. It does mean, however, that physical gold supply from these major miners isn’t expected to grow much in the near term, even as demand and prices stay historically high.

The industry is also changing beneath the surface:

• Exploration increasingly relies on AI, satellite imagery, drone surveys, and machine learning to locate new ore bodies as the easiest, highest-grade deposits become harder to find.
• Automation, autonomous haul trucks, remote-controlled drilling, real-time monitoring is reshaping how existing mines operate.
• Environmental expectations keep rising: emissions targets, water recycling, tailings-storage safety, and land rehabilitation have become competitive factors, not just regulatory checkboxes.

Investment Snapshot (Editorial, Not Financial Advice)

The ratings below are this article’s own qualitative read of each company’s Growth, Risk, and Income profile, based solely on the facts reported above; they are not ratings from any bank, index, or financial institution, and they aren’t a recommendation to buy, hold, or sell anything. Do your own research or talk to a licensed financial advisor before making investment decisions. Navoi is excluded since it isn’t publicly investable.

Common Misconceptions About The Top Gold Miners

“The Biggest Gold Mining Company And The Biggest Gold Mine Are The Same Thing.”

Not accurate. Newmont is the largest company by production, but its output comes from a portfolio of many mines across multiple countries. The single largest individual mine, Nevada Gold Mines, is actually a joint venture between Barrick (61.5%) and Newmont (38.5%) meaning neither company alone “owns” the world’s biggest gold mine outright.

“Higher Production Always Means Higher Profit.”

Not true, and 2025 proved it repeatedly. Barrick’s production fell, yet its net earnings per share rose 140%. Polyus cut output 16% and still grew EBITDA. When prices rise sharply, profit and production can move in completely opposite directions.

“All These Companies Report Numbers The Same Way.”

Not accurate. Some report attributable ounces, some report gold-equivalent ounces that include copper and silver credits, and Northern Star reports on an Australian fiscal year rather than a calendar year. Comparing raw headline numbers without checking the reporting basis can produce misleading comparisons.

“State-Owned Miners Like Navoi Aren’t Real Competitors To Public Companies.”

Not accurate. By some counts, Navoi produced more gold in 2025 than several publicly traded companies on this list, and its Muruntau mine is one of the largest open-pit gold mines in the world by physical scale. Its lack of a public listing affects transparency and financing options not its actual scale or competitiveness.

Final Take

Newmont, Agnico Eagle, and Barrick remained the world’s three largest gold producers in 2025, a top three that has held steady for several years even as the rankings below them shifted substantially.

The companies leading this ranking entered 2026 from very different positions. Newmont is defending its dominance through portfolio optimization. Agnico is expanding steadily from low-risk jurisdictions. Barrick is rebuilding after political disruption in Mali. Zijin is growing aggressively through acquisitions across three continents. If gold prices remain elevated, the next battle won’t simply be about who produces more ounces, it will be about which miners can turn those ounces into the highest long-term returns.

Frequently Asked Questions

How Long Does It Take To Build A Gold Mining Company?

Building a gold mining company from discovering a deposit to producing its first gold typically takes 10 to 20 years, depending on the size of the project, government approvals, environmental permits, financing, and construction. Smaller mines can sometimes begin production in 5 to 8 years, while large world-class projects often take more than 15 years.

How Much Investment Is Needed To Build A Gold Mining Company?

The investment required depends on the scale of the project:

• Small gold mine: Around $10 million to $100 million
• Mid-sized commercial mine: Roughly $100 million to $1 billion
• Large world-class mining operation: Often $1 billion to more than $5 billion

These costs cover exploration, drilling, feasibility studies, environmental approvals, mine construction, processing plants, equipment, roads, power infrastructure, and working capital before the mine begins generating revenue.

Which Company Is The Largest Gold Miner In The World?

Newmont Corporation, based in Denver, Colorado, is the world’s largest gold mining company by production, having produced 5.9 million attributable gold ounces in 2025.

Which Gold Mining Company Made The Most Profit In 2025?

Newmont reported the highest net income among the pure-play gold miners on this list, at $7.2 billion, though Zijin Mining’s group-wide profit of roughly $7.4 billion (across gold, copper, and other metals) was slightly higher.

Why Did Some Companies Make More Money Despite Mining Less Gold?

Gold prices rose so sharply in 2025 averaging well above $3,400 per ounce and setting more than 50 record highs that even companies with falling production, like Barrick and Polyus, saw revenue and profit rise because each ounce sold for significantly more.

Is Navoi Mining A Publicly Traded Company?

No. Navoi Mining and Metallurgy Company is majority state-owned by Uzbekistan’s government and isn’t listed on any public stock exchange, though it has reportedly explored a potential London listing.

What Happened To Barrick’s Mine In Mali?

Barrick was forced to suspend its Loulo-Gounkoto mine complex in January 2025 after a dispute with Mali’s military government, which took operational control of the mine. The two sides reached a settlement, and Barrick regained control in December 2025.

Which Country Produces The Most Gold Through Its Mining Companies?

Several of the largest producers by company headquarters are based in the United States (Newmont) and Canada (Agnico Eagle, Barrick, Kinross), though China, Russia, Uzbekistan, and Australia are also home to major producers with substantial domestic output. Looking at national output rather than company headquarters, China is generally considered the world’s largest gold-producing country, followed by Russia, Australia, Canada, and the United States.

Is Barrick Planning Any Major Corporate Changes?

Yes. Barrick’s board has approved preparations for a possible IPO of its North American gold assets, including its Nevada Gold Mines joint venture with Newmont, targeted for completion by late 2026.

How Is This Ranking Different From A Market Capitalization Ranking?

This list ranks companies by 2025 attributable gold production. A market capitalization ranking measures total company value on the stock market, which can produce a different order. A smaller, lower-cost producer with strong growth prospects can sometimes carry a higher market value than a larger, higher-cost one.

Do Gold Mining Companies Produce Only Gold?

No. Most major gold miners also produce other metals such as copper, silver, zinc, and occasionally lithium or uranium. Diversifying into other metals especially copper, tied to demand from electrification and renewable energy helps reduce dependence on gold prices alone. Zijin, Barrick, and Newmont all generate meaningful revenue from copper.

Why Do Gold Mining Company Rankings Change From Year To Year?

Rankings shift for many reasons: companies merge or acquire each other, new mines open, older mines run out of ore, and government decisions can disrupt output. In 2025 alone, Barrick’s production dropped after its dispute with Mali’s government, Zijin climbed the rankings after buying mines in Ghana and Kazakhstan, and Gold Fields grew as its Salares Norte mine reached full operation.