PERSPECTIVE: Canada No.7 among global gold producers

At 2,700 tonnes, the total amount of gold from all the world’s producers hit a new high in 2011, according to figures from the U.S. Geological Survey. The previous high was 2,600 tonnes in 2001.

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Commodities

At 2,700 tonnes, the total amount of gold from all the world’s producers hit a new high in 2011, according to figures from the U.S. Geological Survey. The previous high was 2,600 tonnes in 2001.

Of last year’s 2,700 tonnes, only 110 tonnes came from Canada. Our country has never been the world’s largest gold producer, but at least our output increased from 2010. However, the relatively small size of Canadian gold reserves probably means that we will never be the world’s No.1 gold producer.

  

World gold production (tonnes)

Rank

 

 

2011

2010

Reserves

1

 

China  

355

345

1,900

2

 

Australia  

270

261

7,400

3

 

United States

237

231

3,000

4

 

Russia  

200

192

5,000

5

 

South Africa  

190

189

6,000

6

 

Peru  

150

164

2,000

7

 

Canada  

110

91

920

8

 

Ghana

100

82

1,400

9

 

Indonesia  

100

120

3,000

10

 

Uzbekistan  

90

90

1,700

11

 

Mexico

85

73

1,400

12

 

Papua New Guinea  

70

68

1,200

13

 

Brazil  

55

58

2,400

14

 

Chile

45

38

3,400

  

Other countries  

630

559

10,000

  < /td>

World total (rounded)

2,700

2,560

51,000

Just because Canada is a mid-ranked gold producer is no reason to feel deflated. What Canadians do, and better than almost any other country, is create the techniques and methods that allow mining to be carried out in a responsible and sustainable manner. We lead the world in corporate social responsibility, mine safety, environmental responsibility, and many more skills that are applicable to all types of mineral production, not just gold.

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