Gitnux/Report 2026

Gold Industry Statistics

301Statistics
75Sources
13Sections
1Visuals
50mRead
Gold Industry Statistics
Samuel NorbergWritten by Samuel Norberg·Fact-checked by Maya Johansson
Published
How this report is researched
01Editorial Scope

Before any source is gathered, an editor locks the question, what qualifies, and how the piece will be judged.

02Source Research

Search agents collect the source set and pull each data point out with its provenance attached.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 39 days

01 Industry overview

The gold industry at a glance

Gold entered 2026 at record scale: 2025 global demand exceeded 5,000 tonnes and was worth US$555 billion, driven by investment, central-bank buying and record prices.

$555B[19]
Global demand value, 2025
5,002t[19]
Total gold demand, 2025
3,672t[19]
Mine production, 2025
863t[19]
Central-bank purchases, 2025
Market size
Global gold demand reached 5,002.3 tonnes in 2025, including over-the-counter activity, and had an unprecedented value of US$555 billion. Total supply was 5,002.3 tonnes, up 1% year on year.[19]
Forecast & CAGR
The World Gold Council expects 2026 investment demand to finish around 200 tonnes above 2025, supported by ETF inflows and physical investment. It expects central-bank demand to at least match 2025, while jewellery demand declines year on year; no reliable industry-wide CAGR was identified.[19]
Market share & regions
China, Russia, Australia, Canada and the United States together accounted for 41% of estimated global mine production in 2025. On the demand side, India and mainland China recorded 430.5 tonnes and 360.1 tonnes of jewellery consumption respectively, together representing more than half of the global decline in jewellery volumes during 2025.[70][19]
Segmentation
Investment was the largest growth engine in 2025, reaching 2,175 tonnes; this included 801 tonnes of global gold ETF inflows and 1,374 tonnes of bar-and-coin demand. Jewellery demand was 1,542.3 tonnes, technology demand remained stable, and central banks purchased 863 tonnes.[19]
Key players & concentration
Gold mining remains geographically diversified, but production is concentrated among leading countries: the five largest producers accounted for 41% of global mine output in 2025. In the United States, the top 25 operations generated about 94% of mined gold, illustrating high concentration at the national operating level.[70]
Pricing
The LBMA gold price averaged US$3,431 per ounce in 2025, up 44% year on year, while the Q4 average reached US$4,135 per ounce. In Q3 2026, the average price was US$4,262 per ounce and total demand value rose 22% year on year to US$188 billion.[19]
Trends, drivers & challenges
Geopolitical risk, portfolio diversification, fiscal concerns and financial-market stress supported investment and central-bank buying. High prices constrained jewellery volumes: global jewellery demand fell 18% to 1,542.3 tonnes in 2025, while recycling increased only 3% despite the sharp price rise.[19]
Consumer behavior & competition
Consumers responded to high prices by buying less gold by weight and shifting toward lighter and lower-carat jewellery. In Q3 2026, jewellery demand fell 17% year on year to 313 tonnes, while bar-and-coin demand fell 19% to 268 tonnes; China was an exception, with bar-and-coin demand up 7%.[19]
M&A
M&A and asset consolidation continued in 2026. In August, Newmont and Barrick agreed to contribute excluded properties, including Barrick’s Fourmile and Newmont’s Fiberline and Mike developments, to the Nevada Gold Mines joint venture.[5]
Regulation
The EU Conflict Minerals Regulation applies directly to EU-based importers of gold ores, concentrates and processed metals from conflict-affected or high-risk areas. Importers must follow a five-step supply-chain due-diligence framework based on OECD guidance; in October 2025, the European Commission recognised the Responsible Minerals Assurance Process as equivalent for the regulation.[71]
Latest news
The latest World Gold Council data, published 3 November 2026, showed Q3 gold demand of 1,369 tonnes, down 1% year on year, while demand value rose 22% to US$188 billion. Central banks added 321 tonnes, physically backed ETFs added 211 tonnes, and mine production rose 3% to a quarterly record of 1,071 tonnes.[19]

02 Ranking

Top 10 Companies in the Gold Industry

The leading companies in the gold industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 10, 2026 · Next review December 10, 2026

Verdict

AngloGold Ashanti and Barrick Mining Corporation are tied at the top of Gitnux's 2026 gold ranking with an Overall score of 9.9 each.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in gold mining

    AngloGold Ashanti

    US

    Ranked #1 · 9.9 · Gold mining

    Why we picked it: It produces across Africa, Australia and the Americas, with 3.09 million ounces of 2025 output.

    See in ranking ↓Visit anglogoldashanti.com ↗

  2. #2 overall

    Barrick Mining Corporation

    CA

    Ranked #2 · 9.9 · Gold mining

    Why we picked it: It operates globally in gold and copper, reporting 3.26 million ounces of gold production in 2025.

    See in ranking ↓Visit barrick.com ↗

  3. #3 overall

    Alamos Gold

    CA

    Ranked #3 · 9.4 · Gold mining

    Why we picked it: It focuses on Canada and Mexico gold mining, with 545,400 ounces produced in 2025.

    See in ranking ↓Visit alamosgold.com ↗

Pick 1 is the #1 company overall. No other segment places in the top 5, so picks 2 and 3 follow rank.

Full ranking

Sort by
Top 10 companies in the gold industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

AngloGold Ashanti

Gold mining · US

9.9
2

Barrick Mining Corporation

Gold mining · CA

9.9
3

Alamos Gold

Gold mining · CA

9.4
4

B2Gold

Gold mining · CA

9.2
5

Harmony Gold Mining Company

Gold mining · ZA

9.2
6

Northern Star Resources

Gold mining in Australia and North America · AU

9.1
7

Lundin Gold

Gold mining in Ecuador · CA

8.9
8

SSR Mining

Gold mining in the Americas and Türkiye · CA

8.9
9

Agnico Eagle Mines

Gold mining in Canada, Finland and Mexico · CA

8.7
10

Zijin Mining

International gold and metals mining · CN

8.5

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).
  • Performance (20%): recent revenue growth and operating margin; an analyst assessment where a company does not publish them.
  • Momentum (20%): growth trajectory and future potential.
  • Innovation (15%): R&D intensity and how technologically advanced the company is.

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 10, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Samuel Norberg. (2026, November 10). Top 10 companies in the gold industry. In Gold Industry Statistics. Gitnux. https://gitnux.org/gold-industry-statistics/#top-companies

report visual · Projection

United States gold mine production

United States gold mine production fell from 193 tonnes in 2020 to 160 tonnes in 2024.

193 tonnes
Start
-4.58%
CAGR · 4y
160 tonnes
Projected
20202024
source-verifiedpubs.usgs.gov2024

04 Statistics

Technology & Innovation

Technology coverage emphasizes automation and connected analytics, including autonomous haulage and monitoring centres. The dataset also flags tokenised-gold throughput at $90 billion in Q1 2026.

AI in the gold industry

  • 3,832 autonomous haul trucks were operating globally in July 2025, according to a mining-industry analysis covering AI-enabled autonomous equipment.[1]
  • 1 gold mine, Barrick’s Nevada Gold Mines operation, deployed Komatsu’s 1,000th commissioned ultra-class autonomous haul truck in 2026.[2]
  • 2 Monitoring Operations Centres were planned by Agnico Eagle after the company began developing a second centre for Detour Lake in 2024.[3]
  • 1 Monitoring Operations Centre was launched by Agnico Eagle in summer 2023 for its Abitibi region.[3]
  • 4.2% of key mobile mining equipment consisted of autonomous, autonomous-ready or tele-remote units in July 2025.[1]

Automation in the gold industry

  • 75,000 critical-control verifications were recorded across Barrick’s sites in 2024 as part of its fatal-risks program supported by technology.[4]
  • 1 autonomous haulage fleet was delivered by Newmont at Boddington in 2021, improving safety and long-term productivity.[5]
  • 100 million tonnes of material had been hauled by Boddington’s autonomous fleet by 2022.[6]
  • 1,000 ultra-class autonomous haul trucks had been commissioned by Komatsu by 2026, including a truck deployed at Barrick’s Nevada Gold Mines.[2]
  • 2025 was the target completion year for Roy Hill’s project to make the majority of its haulage fleet driverless.[7]
  • 290 metric tonnes was the payload of Komatsu’s 1,000th commissioned autonomous haul truck at Nevada Gold Mines.[2]

Digital Transformation in the mining and metals sector (sector benchmark)

  • Across metals companies surveyed globally, 20% did not have a digital-transformation road map in 2025.[8]
  • Across metals companies surveyed globally, 28% were developing a digital-transformation strategy in 2025.[8]
  • Across metals companies surveyed globally, 44% had a digital-transformation strategy and were actively taking steps forward in 2025.[8]
  • Mining and metals executives ranked process intelligence, data mining and robotic-process automation as a digital priority for 56% of respondents in 2024.[9]
  • U.S. mining firms recorded a 70.90% digitalization rate in the latest federal business-technology survey.[10]

Technology Adoption in the mining and metals sector (sector benchmark)

  • Nevada mining association members reported 40.4% adoption of cloud computing, 35.3% adoption of encryption and cybersecurity, and 33.8% adoption of IoT and connected devices in 2021.[11]
  • Among global mining and metals companies, 17% identified autonomous steel production, such as autonomous vehicles, among the two technologies with the greatest expected supply impact in 2023.[12]
  • Among global mining and metals companies, 48% said artificial intelligence would have the greatest impact on increasing metal supplies over the next five years in 2023.[12]
  • Among global mining and metals companies, 31% identified 5G networks as one of the two technologies most likely to increase metal supplies over the next five years in 2023.[12]
  • Among global mining and metals companies, 21% identified technologies that enhance recovery from recycled materials as a leading supply-enabling technology in 2023.[12]

Cloud Computing in the mining and metals sector (sector benchmark)

  • U.S. mining businesses reported a 37.05% cloud-computing adoption rate in the federal business-technology survey.[10]
  • Global mining executives said high-power computing and cloud would affect their businesses within one year for 52.6% of respondents in the Mining Journal survey.[13]
  • Mining executives identified cloud adoption as a digital priority for 12% of respondents planning investments over the next one to two years in 2024.[9]
  • Global mining executives expected high-power computing and cloud to affect their businesses within five to ten years for 92.2% of respondents.[13]

Big Data in the mining and metals sector (sector benchmark)

  • Chilean mining companies reported that 7.52% analyzed large volumes of data from sensors or smart devices in the sectoral Industry 4.0 study.[14]
  • Mining executives said big data and predictive analytics could affect their businesses within one year for 40.5% of respondents in the Mining Journal survey.[13]
  • Mining executives expected big data and predictive analytics to affect their businesses within five to ten years for 95.7% of respondents.[13]
  • Chilean mining companies reported that 9.02% performed big-data analysis in the sectoral Industry 4.0 study.[14]
  • Global mining and metals companies ranked data analytics among the two technologies most likely to increase metal supplies, with 42% selecting it in 2023.[12]

05 Statistics

Data & Analytics

Data readiness shows gaps in real-time usability, data quality, and access auditing. Reporting tools that show who accessed or edited data were cited as a top challenge by 14% in 2023.

Data Quality in the mining and metals sector (sector benchmark)

  • Across geoprofessionals globally, 50% expressed high confidence in their organisation’s ability to manage data quality in 2023.[15]
  • Across geoprofessionals globally, 30% identified real-time access to datasets in a usable format as their biggest collaboration challenge in 2023.[15]
  • Across mining respondents globally, 33% said they lacked the necessary information to make data-driven decisions in 2023.[15]
  • Across geoprofessionals globally, 30% rated unmanaged historical data as a significant data-management challenge in 2023.[15]
  • Across geoprofessionals globally, 36% identified knowing they had the most current and best-quality data as their biggest collaboration challenge in 2023.[15]

Data Governance in the mining and metals sector (sector benchmark)

  • Across geoprofessionals globally, 45% reported having an established data chain of custody in 2023.[15]
  • Across geoprofessionals globally, 30% reported having an established data-management framework in 2023.[15]
  • Across geoprofessionals globally, 14% said reporting tools showing who accessed or edited data were their biggest collaboration challenge in 2023.[15]
  • Across geoprofessionals without an established framework globally, 56% planned to obtain one within three years in 2023.[15]
  • Across geoprofessionals globally, 29% said a single source of truth was the most important expected outcome from resolving data-management issues in 2023.[16]

KPIs in the gold industry

  • 5% higher gold production was recorded by Barrick in 2024 compared with 2023, global.[4]
  • 233,000 ounces of gold were produced at Regis Resources’ Duketon complex in 2025, at an all-in sustaining cost of $2,775 per ounce, Australia.[17]
  • 49,534 ounces of gold were produced by B2Gold’s referenced operation in 2024, compared with 46,490 ounces in 2023, at 2024 all-in sustaining costs of $1,102 per ounce, location specified in the filing.[18]
  • 4.05 million ounces of gold were produced by Barrick in 2023, at all-in sustaining costs of $1,335 per ounce and total cash costs of $960 per ounce, global.[4]
  • 139,738 ounces of gold were produced at Regis Resources’ Tropicana operation in 2025, at an all-in sustaining cost of $2,039 per ounce, Australia.[17]
  • 25% of DRDGOLD’s total staff were women in mining in 2024, South Africa.[18]

06 Statistics

Strategy & Growth

Demand mix explains where incremental tonnage comes from, with investment at 2,175 tonnes in 2025 and jewellery down. Supply reached 5,002 tonnes, 1% above 2024.

Growth in the gold industry

  • 5,002 tonnes was total global gold supply in 2025, a record high and 1% above 2024.[19]
  • 322.8 tonnes was technology-sector gold demand in 2025, down 1% from 2024.[19]
  • 172 billion US dollars was global gold jewellery demand value in 2025, up 18% year over year.[19]
  • 5,002.3 tonnes was total global gold demand in 2025, up 1% from 2024.[19]
  • 863.3 tonnes was central-bank and institutional gold demand in 2025, down 21% from 2024.[19]
  • 1,374.1 tonnes was global bar and coin demand in 2025, up 16% from 2024.[19]

Differentiation in the gold industry

  • 21% of global gold demand in 2025 came from central banks and official institutions, according to the World Gold Council.[19]
  • 270.4 tonnes was electronics-sector gold demand in 2025, essentially unchanged from 2024.[19]
  • 1,068.2 tonnes was global gold-bar demand in 2025, up 24% from 2024.[19]
  • 8.2 tonnes was dentistry-related gold demand in 2025, down 7% from 2024.[19]
  • 8% of global gold demand in 2025 came from technology uses, according to the World Gold Council’s market structure estimate.[19]
  • 27% of global gold demand in 2025 came from jewellery, according to the World Gold Council’s market structure estimate.[19]

Mergers and acquisitions in the gold industry

  • 43 gold-related mining deals worth 19.31 billion US dollars were announced in 2024 under S&P Global’s stated criteria.[20]
  • 192.5 million ounces of gold reserves and resources changed hands in qualifying 2024 mining transactions.[20]
  • 3.26 billion US dollars was the announced value of Northern Star Resources’ acquisition of De Grey Mining in December 2024.[20]
  • 705.78 million US dollars was the reported value of Red 5’s takeover of Silver Lake Resources in 2024.[21]
  • 1.36 billion US dollars was the reported value of Zijin Mining Group’s acquisition of Newmont Golden Ridge in Ghana in 2024.[21]
  • 26.54 billion US dollars was the total value of 62 qualifying metals-and-mining deals announced in 2024.[20]

Strategic partnerships in the gold industry

  • 11.5 million US dollars was Fortress’s total stated consideration and exploration commitment for Antler Gold’s Erongo project.[22]
  • 30% was Sumitomo Metal Mining’s planned equity share in the Winu copper-gold project under its 2024 term sheet with Rio Tinto.[23]
  • 399 million US dollars was the consideration for Sumitomo Metal Mining’s planned 30% share of Rio Tinto’s Winu copper-gold project in Western Australia.[23]
  • 75% was the maximum indirect interest Gold Fields could earn in Torq Resources’ Santa Cecilia gold project in Chile.[24]
  • 48 million US dollars was Gold Fields’ maximum funding commitment for its staged earn-in at Torq Resources’ Santa Cecilia project.[24]
  • 70% was the maximum interest Gold Fields could earn in Bonterra Resources’ Phoenix gold project by spending 30 million Canadian dollars.[25]

07 Statistics

People & Workforce

Workforce signals skew toward training and local hiring alongside remote-work adoption. U.S. mining workers reported 16% working remotely at least sometimes during October 2023–September 2024.

Hiring in the gold industry

  • 17% of Barrick’s new hires were female in 2024 across its global mining workforce.[4]
  • 77% of Equinox Gold’s Brazilian workforce was locally hired in 2024.[26]
  • 790 local recruits were appointed to Sibanye-Stillwater’s South African gold operations in 2024.[27]
  • 97 new employees joined DRDGOLD in 2024.[18]
  • 58 internal candidates filled new roles at Kinross Gold in 2025, representing 7.3% of open positions.[28]

Remote Work in the mining and metals sector (sector benchmark)

  • Across Chilean mining and supplier companies, 55.6% of mining companies reported applying remote work during the pandemic, according to a survey referring to 2020.[29]
  • In the U.S. mining industry, about 16% of workers worked remotely at least sometimes during October 2023–September 2024, including hybrid and fully remote work.[30]
  • 100% of surveyed large-scale mining companies in Chile adopted virtual work in administration and support areas during the COVID-19 period, according to a survey referring to 2020.[29]
  • Across Chilean mining and supplier companies, remote work covered 8.9% of extraction workers, 10.5% of processing workers, and 9.8% of maintenance workers, according to a survey referring to 2020.[29]
  • Across Chilean mining and supplier companies, 57.1% expected to maintain remote work in some positions after the pandemic, according to a survey referring to 2020.[29]

Hybrid Work in the mining and metals sector (sector benchmark)

  • 76% of mining, quarrying, and oil-and-gas workers surveyed globally considered hybrid or remote work in an international relocation destination appealing in 2025.[31]
  • 3.4% of U.S. farming, fishing and forestry workers worked remotely at least sometimes during October 2023–September 2024, including hybrid and fully remote work.[30]
  • 2.4% of U.S. construction and extraction workers worked remotely at least sometimes during October 2023–September 2024, including hybrid and fully remote work.[30]
  • 16% of U.S. mining workers worked remotely at least sometimes during October 2023–September 2024, including hybrid and fully remote work.[30]

Upskilling in the gold industry

  • 99.10% of Zijin Mining’s junior-level employees received training in 2024.[32]
  • 40.50 average training hours were completed by male Zijin Mining employees in 2024.[32]
  • 600-plus courses were available on Zijin Mining’s upgraded iLearning platform in 2024.[32]
  • $7.99 million was AngloGold Ashanti’s training and development expenditure in 2024.[33]
  • 99.47% of Zijin Mining’s middle-level employees received training in 2024.[32]

Employee Engagement in the mining and metals sector (sector benchmark)

  • Across approximately 25 mining and metals organizations, the median employee net promoter score was 4 in a Culture Amp benchmark collected from July 2025 through June 2026.[34]
  • Across approximately 25 mining and metals organizations, 67% of employees were engaged in a Culture Amp benchmark collected from July 2025 through June 2026.[34]
  • Across approximately 25 mining and metals organizations, 88% of employees agreed that they understood how their work contributed to company goals in a benchmark collected from July 2025 through June 2026.[34]
  • Across approximately 25 mining and metals organizations, 27% of employees disagreed that the company acted when someone was not delivering in their role in a benchmark collected from July 2025 through June 2026.[34]
  • Across approximately 25 mining and metals organizations, 23% of employees were considering or actively seeking another job in a benchmark collected from July 2025 through June 2026.[34]

DEI in the gold industry

  • 33% of Newmont’s senior leadership were women in 2024.[5]
  • 50% of Newmont’s Executive Leadership Team were women in 2024.[5]
  • 21% of DRDGOLD’s management employees were women in 2024.[18]
  • 25% of DRDGOLD’s total employees were women in 2024.[18]

Change Management in the mining and metals sector (sector benchmark)

  • 13% of respondents at the EY Americas Metals and Mining Forum 2025 identified reskilling talent for future-readiness as the most critical capability enabling transformation.[9]
  • 19% of respondents at the EY Americas Metals and Mining Forum 2025 identified cross-functional collaboration and governance as the most critical capability enabling transformation.[9]

08 Statistics

Customer & Sales

Consumer channels show measurable ticket and response changes tied to notifications and platforms. Gold.com recorded 4.7 million total retail customers as of June 30, 2026.

Customer experience in the gold industry

  • 120.9% was the 2024 same-store revenue growth rate reported by Laopu Gold in China.[35]
  • Nearly 80% was Signet’s attachment rate for extended service agreements on bridal jewellery in the third quarter of fiscal 2024, North America.[36]
  • 30% increase in customer-response rates was reported after Goldiam added WhatsApp NPS notifications for domestic customers in fiscal 2025-26, India.[37]
  • 4.7 million total retail customers were recorded by Gold.com as of June 30, 2026, primarily in the United States.[38]
  • 30% increase in domestic customer-response rates followed Goldiam’s introduction of additional WhatsApp NPS notifications in fiscal 2025-26, India.[37]

Customer retention in the gold industry

  • 150,000 loyalty members were added by Laopu Gold between 2023 and December 31, 2024, China.[35]
  • 44% higher spending was reported for Signet loyalty members than non-members at fiscal 2024 year-end, North America and the United Kingdom.[18]
  • 10% of Flont members purchased an item within three months after keeping jewellery for 30 days, according to the company’s 2018 offering document, United States.[18]
  • 330,825 direct-to-consumer tickets came from new customers during the six months ended June 30, 2026, at Gold.com.[18]
  • 987,792 direct-to-consumer tickets came from pre-existing customers during the six months ended June 30, 2026, at Gold.com.[18]

Customer acquisition in the gold industry

  • ₹505.82 million was spent on advertising and sales promotion by Senco Gold in fiscal 2022, India.[39]
  • 15,000+ retail partners were served by Quality Gold in fiscal 2022, globally.[18]
  • ₹1,033.73 million was spent on advertising and sales promotion by Senco Gold in fiscal 2024, India.[39]
  • 1.5 million orders were processed by Quality Gold in fiscal 2022 across its jewelry-industry fulfillment platform, globally.[18]
  • 330,825 direct-to-consumer tickets from new customers were recorded by Gold.com in the six months ended June 30, 2026, United States-led.[18]

Customer loyalty in the gold industry

  • 25% higher purchase frequency was reported for Signet loyalty members than non-members at fiscal 2024 year-end, North America and the United Kingdom.[18]
  • 40% higher average transaction value was generated by Signet loyalty members than non-members in the third quarter of fiscal 2024, North America.[36]
  • 150,000 members was Laopu Gold’s increase in loyalty membership from 2023 to 2024, China.[35]
  • 10% of Flont members purchased an item within three months after retaining jewellery for 30 days, according to the company’s 2018 offering document, United States.[18]
  • 350,000 loyalty members were reported by Laopu Gold at December 31, 2024, China.[35]

Lead generation in the gold industry

  • ₹665.73 million was spent by Senco Gold on advertising and sales promotion in the six months ended September 30, 2024, India.[39]
  • 67.2% was the growth in Gold.com direct-to-consumer ticket volume from new customers in the six months ended June 30, 2026, United States-led.[18]
  • 43% of Quality Gold orders were shipped to retailers in fiscal 2022, globally.[18]
  • 1.5 million orders were processed by Quality Gold in fiscal 2022 through its jewelry-industry fulfillment and retailer-support platform, globally.[18]
  • ₹505.82 million was spent by Senco Gold on advertising and sales promotion in fiscal 2022, India.[39]

09 Statistics

Marketing & Brand

Brand and channel preferences are tracked through online buying and advertising tooling. U.S. fine-jewellery consumers reported 31% citing designers and brands as purchase drivers in 2025.

Marketing in the gold industry

  • 12% of U.S. consumers preferred buying jewellery online in 2025.[40]
  • 31% of U.S. fine-jewellery consumers said designers and brands were the main drivers of their purchase decisions in 2025.[40]
  • 30% of U.S. fine-jewellery consumers said family and friends were the main influence on their purchase decisions in 2025.[40]
  • 23% of U.S. consumers preferred national jewellery chains for purchases in 2025.[40]
  • 21.9% of U.S. jewellery retailers said social media was their leading source of new customers in a 2025 retail survey.[41]

Digital marketing in the gold industry

  • 6% of retail jewellers used Facebook Watch in 2022.[41]
  • 41% of retail jewellers used Google Ads in 2022.[41]
  • 14% of retail jewellers used email automation in 2022.[41]
  • 8% of retail jewellers used geofencing in 2022.[41]
  • 13% of retail jewellers used Facebook Live in 2022.[41]

Branding in the gold industry

  • 7% of U.S. fine-jewellery shoppers preferred luxury e-boutiques in 2025.[42]
  • 9% of U.S. jewellery consumers ranked workmanship or intricacy as the element most justifying price in 2025.[42]
  • 34% of U.S. fine-jewellery shoppers preferred buying from a jewellery-and-watches website directly associated with a brand in 2025.[42]
  • 13% of U.S. jewellery consumers ranked design or style as the element most justifying price in 2025.[42]
  • 10% of U.S. jewellery consumers ranked metal weight and karat type or purity as the element most justifying price in 2025.[42]

Social media in the gold industry

  • 157% was the indexed Snapchat usage level among consumers who had purchased jewellery in the previous three to six months, relative to the general population, in 2020.[43]
  • 156% was the indexed LinkedIn usage level among consumers who had purchased jewellery in the previous three to six months, relative to the general population, in 2020.[43]
  • 155% was the indexed WeChat usage level among consumers who had purchased jewellery in the previous three to six months, relative to the general population, in 2020.[43]
  • 171% was the indexed LINE usage level among consumers who had purchased jewellery in the previous three to six months, relative to the general population, in 2020.[43]
  • 92,000 social-media followers were reported by Indian gold-jewellery company RBZ Jewellers in 2024.[44]

Influencer Marketing in the mining and metals sector (sector benchmark)

  • In 2026, underground mining influencer Cory Rockwell had 117,100 TikTok followers, using videos about explosives, haul trucking, bolting and underground work.[45]
  • In 2026, Colombian mining and metallurgy student Paula Mineria had 110,600 TikTok followers, illustrating the reach of mining-focused influencer content.[45]
  • In 2026, Cory Rockwell’s underground-mining TikTok content had accumulated 5 million likes, providing a sector-specific audience benchmark for employee and operator advocacy.[45]
  • In 2026, Paula Mineria’s mining-related TikTok content had generated 1.6 million likes across audiences in Colombia, Japan, Chile, Panama, Canada and the United States.[45]
  • In 2026, Cory Rockwell’s most-watched underground-mining video reached 6.9 million views, demonstrating the potential scale of employee-led influencer content in mining.[45]

10 Statistics

Operations & Execution

Execution metrics focus on recovery, energy, water intensity, and procurement. Equinox Gold reused or recycled 94.5% of water used in processing operations in 2024.

Process optimization in the gold industry

  • 94.5% of water used in Equinox Gold’s processing operations was reused or recycled in 2024 across its operations.[26]
  • 1.04 terajoules of energy were saved by Galiano Gold’s efficiency measures in 2024.[35]
  • 90–95% gold recovery was expected from Amaroq Minerals’ new flotation circuit, compared with 50–70% from the previous gravity-only process.[46]
  • 51% lower mined grade at one operation resulted from a stope redesign and changes to the underground mining rate in 2024.[18]
  • 0.26 gigajoules per tonne of ore milled was Galiano Gold’s energy intensity in 2024.[35]

Operational efficiency in the gold industry

  • 14.1 cubic metres of water per ounce of gold produced was Equinox Gold’s consolidated water-use intensity in 2024.[26]
  • $711 per ounce was Eldorado Gold’s 2024 total cash cost at the cited operation.[47]
  • $2,049 per ounce was Newmont Tarkwa’s 2025 all-in sustaining cost.[18]
  • $1,034 per ounce was Newmont Tarkwa’s 2025 operating cost.[18]
  • 80.2% was Kinross Gold’s reported recovery rate in 2024 in the cited operating table.[48]

Quality management in the gold industry

  • 17,736 certified standards and blanks were submitted during the Fortnum operation’s July 2015–June 2024 reporting period.[49]
  • 50 grams was the pulp split used for gold fire assay in First Mining’s 2023 and 2024 assay programs.[18]
  • 92% was the full-year gold recovery in the cited 2024 operating highlights table.[18]
  • 93% was the reported gold recovery in the cited 2024 operating highlights table.[18]
  • 4% of samples were planned as blanks in First Mining’s 2023–2024 QA/QC program, equivalent to one blank per 30 samples.[18]

Supply chain in the gold industry

  • 3,661.2 tonnes was global mined gold production in 2024.[19]
  • 27% of goods and services were procured from local suppliers by GoldMining in fiscal 2024.[35]
  • 15 AGM vendors participated in Galiano Gold’s supplier training on bid preparation, financial management and local-content regulations in Ghana in 2024.[35]
  • 11% was the year-on-year increase in recycled gold supply in 2024.[19]
  • $134 million was Centerra Gold’s local procurement spending across Canada, Türkiye and the United States in 2024.[50]

Outsourcing / Offshoring in the mining and metals sector (sector benchmark)

  • 13.5% was the average outsourcing rate among Chile’s small-scale mining companies in 2019.[51]
  • 30% of mining and metals companies rated outsourcing more functions and capabilities to third-party specialists a top or significant cybersecurity talent priority in 2023.[52]
  • 75.0% was the average outsourcing rate among Chile’s large-scale mining companies in 2019.[51]
  • Contractors represented 54% of Queensland’s mining-industry workforce in fiscal year 2022–2023.[53]
  • 54.0% was the average outsourcing rate among Chile’s medium-sized mining companies in 2019.[51]

11 Statistics

Finance & Pricing

Pricing is anchored to LBMA averages and quarterly updates, with a record Q4 average. Q3 2026 averaged US$4,262 per ounce, and total demand value rose 22% year on year to US$188 billion.

Pricing strategy in the gold industry

  • US$4,135/oz was the record average Q4 2025 gold price in the United States, up 55% year on year and relevant to retail pricing decisions.[19]
  • 29% was the increase in Indian gold investment demand to 239.4 tonnes in 2024, supporting investment-led pricing strategies.[19]
  • 2% was the decline in Indian gold-jewellery demand to 563.4 tonnes in 2024, indicating greater resilience than China under record prices.[19]
  • 53 all-time highs were set by the LBMA PM gold price in 2025, increasing pricing pressure on gold-jewellery retailers globally.[19]
  • US$2,394/oz was AngloGold Ashanti’s 2024 average gold price received, 24% higher than in 2023.[18]

Cost reduction in the gold industry

  • US$1,522/oz was Harmony’s 2024 Moab Khotsong all-in sustaining cost, compared with US$1,239/oz in 2023.[54]
  • US$1,598/oz was AngloGold Ashanti’s 2024 group all-in sustaining cost, compared with US$1,576/oz in 2023.[49]
  • US$1,798/oz was Harmony Gold’s total 2024 all-in sustaining cost per ounce, compared with US$1,510/oz in 2023.[54]
  • US$1,388/oz was Kinross Gold’s 2024 attributable all-in sustaining cost per equivalent ounce sold, versus US$1,316/oz in 2023.[28]
  • US$260.7m was Dundee Precious Metals’ 2024 cost of sales, 7% higher than the 2023 amount of US$244.2m.[55]

Profitability in the gold industry

  • US$942m was AngloGold Ashanti’s 2024 free cash flow, compared with US$109m in 2023.[18]
  • US$305.078m was Dundee Precious Metals’ 2024 free cash flow, 34% above the 2023 figure.[55]
  • 48% was Barrick’s 2024 attributable EBITDA margin, up from 42% in 2023.[56]
  • US$2.144bn was Barrick’s 2024 net earnings, 69% higher than US$1.272bn in 2023.[56]
  • US$780.6m was IAMGOLD’s 2024 adjusted EBITDA.[57]

Financial planning in the gold industry

  • US$1.0755bn was Kinross Gold’s 2024 capital expenditure, compared with US$1.0983bn in 2023.[28]
  • US$567m was AngloGold Ashanti’s adjusted net debt at the end of 2024, down 55% from US$1.268bn in 2023.[18]
  • US$924m was Barrick’s 2024 project capital expenditure, supporting expansion and mine-life projects.[56]
  • US$3.174bn was Barrick’s 2024 total consolidated capital expenditure, including US$2.217bn of sustaining capital.[56]
  • US$1.0509bn was Kinross Gold’s 2024 attributable capital expenditure.[28]

12 Statistics

Product & Service

Product structure follows demand categories such as dentistry, electronics, and recycling. Q3 2026 mine output reached 1,070.9 tonnes, up 3% year on year.

Product development in the gold industry

  • 1.9 tonnes of gold were used in dentistry in Q3 2026, down 6% year on year globally.[19]
  • 323 tonnes of gold were consumed by technology applications in 2025, almost unchanged from 2024 globally.[19]
  • 70.0 tonnes of gold went into electronics in Q1 2026, compared with 68.9 tonnes in Q1 2025 globally.[19]
  • 85 tonnes of gold were used in industrial applications in Q3 2026, up 3% year on year globally, supported by AI-related manufacturing.[19]
  • Gold demand from wireless communications and compound semiconductors increased in Q3 2026, supported by Wi-Fi 7 and satellite and optical networks.[19]

Product lifecycle in the gold industry

  • 47,000 tonnes of gold, or 21% of above-ground stocks, were held as bars and coins at the end of 2025.[19]
  • 38,600 tonnes of gold, or 17% of above-ground stocks, were held by central banks and official institutions at the end of 2025.[19]
  • 1,404.3 tonnes of gold were recycled in 2025, up 3% year on year globally.[19]
  • 1,070.9 tonnes of gold were produced by mines in Q3 2026, up 3% year on year globally.[19]
  • 30 years was the production schedule for the Vista Gold Corp. project before subsequent heap-leach-pad reprocessing.[18]

After-sales in the gold industry

  • European gold jewellery demand value reached US$1.5 billion in Q3 2026, up 10% year on year.[19]
  • UK gold jewellery demand value rose 14% year on year in Q3 2026, according to the World Gold Council.[19]
  • Japan’s gold jewellery demand value reached US$1.5 billion in 2025, up 29% year on year.[19]
  • South Korea’s gold jewellery demand value reached US$1.2 billion in 2025, up 39% year on year.[19]
  • US gold jewellery consumption fell 18% year on year to 21 tonnes in Q3 2026 as customers shifted toward lighter-weight and lower-carat products.[19]

Value proposition in the gold industry

  • US$361 billion was the average daily value traded in gold during 2025, equal to about 3,000 tonnes per day.[19]
  • 82% of central-bank reserve managers surveyed in 2026 cited portfolio diversification as a reason to hold gold.[19]
  • 89% of central-bank reserve managers surveyed in 2026 expected global central-bank gold holdings to increase over the next 12 months.[19]
  • 3% was gold’s share of global financial assets excluding central-bank reserves at the end of 2025.[19]
  • 26% was the share of global allocated reserves represented by central-bank and official-institution gold holdings at the end of 2025.[19]

13 Statistics

Sustainability & Ethics

Ethics and environmental reporting are quantified through emissions intensity, hazard closure, and training coverage. AngloGold Ashanti reported greenhouse-gas intensity of 35 kilograms of CO2e per tonne in 2024.

Sustainability in the gold industry

  • 1,370.0 tonnes of gold were recycled globally in 2024, 11% more than in 2023.[19]
  • $69 million was invested by Newmont in community projects and programs in 2024.[5]
  • 43.9% of AngloGold Ashanti’s water consumption was reused in 2024, up from 38.3% in 2023.[33]
  • 13 biodiversity action plans were reported by Barrick in 2024 across its operating portfolio.[4]
  • 84% of AngloGold Ashanti’s leadership roles were held by national employees in 2024.[33]

ESG in the gold industry

  • 6.3% of AngloGold Ashanti’s energy supply came from renewable sources in 2024.[58]
  • 1.89 days was AngloGold Ashanti’s average time to close reported hazards in 2024.[33]
  • 35 kilograms of CO2e per tonne treated was AngloGold Ashanti’s greenhouse-gas intensity in 2024.[58]
  • $1.9 billion in taxes and royalties were paid by Newmont to governments in 2024.[5]
  • 507 speak-up reports were received by AngloGold Ashanti in 2025, compared with 234 in 2024.[58]

Ethics in the gold industry

  • 98.98% of AngloGold Ashanti’s security personnel had formal human-rights training in 2025.[58]
  • 20% of annual global gold supply is estimated to come from artisanal and small-scale mining.[19]
  • 100% of AngloGold Ashanti’s reported grievances were closed within 25 days in 2024.[33]
  • 80% of gold-mining employment is estimated to be provided by artisanal and small-scale mining.[19]
  • 100% of AngloGold Ashanti’s high-risk suppliers were subject to ESG due diligence in 2024.[33]

CSR in the gold industry

  • 84% of AngloGold Ashanti’s leadership roles were held by nationals in 2024.[33]
  • $566,000 was spent by AngloGold Ashanti on social investment in 2024.[33]
  • 31.3 hours was AngloGold Ashanti’s total training per employee in 2024.[33]
  • $1.9 billion was spent by Agnico Eagle on locally sourced goods and services in 2024.[3]
  • $833 million was paid by AngloGold Ashanti to governments in 2023.[58]

Circular economy in the gold industry

  • 8.6% was the increase in recycled gold supply in 2023 cited by Incrementum’s industry analysis.[59]
  • 1,234.4 tonnes of gold were recycled globally in 2023.[19]
  • 0.5% of above-ground gold stocks were estimated to be recycled annually in 2025.[50]
  • 10.9% was the increase in recycled gold supply in 2024 cited by Incrementum’s industry analysis.[59]
  • 15% was the year-on-year increase in recycled gold supply in the fourth quarter of 2024.[19]

Carbon footprint in the gold industry

  • 33.52 kilograms of CO2e per tonne was AngloGold Ashanti’s greenhouse-gas intensity in 2025.[58]
  • 769 kilotonnes of market-based Scope 2 emissions were reported by Barrick in 2019.[4]
  • 6,772 kilotonnes of Scope 1 emissions were reported by Barrick in 2019.[4]
  • 681 kilotonnes of market-based Scope 2 emissions were reported by Barrick in 2024.[4]
  • 35 kilograms of CO2e per tonne was AngloGold Ashanti’s greenhouse-gas intensity in 2024.[58]

15 Statistics

Globalization & Expansion

Geographic concentration is balanced with outputs outside the top producers and specific country production. In 2024, 160 tonnes of gold were produced in the United States, representing 4.8% of global mine production.

Globalization in the gold industry

  • 31.2 million ounces of gold reserves were held by AngloGold Ashanti in 2024 after its international portfolio expansion.[33]
  • 1,960 tonnes of gold were produced across countries outside the five largest producers in 2024, representing 59.4% of global output.[65]
  • 39,484 employees and contractors worked for AngloGold Ashanti in 2024 across its global operations.[33]
  • 3,671.6 tonnes of gold were produced by mines globally in 2025, according to World Gold Council data.[19]
  • 160 tonnes of gold were produced in the United States in 2024, representing 4.8% of global mine production.[65]

Cultural adaptation in the gold industry

  • 11% of Indian consumers identified festivals as an occasion for buying gold in a 2019 consumer survey.[19]
  • 40% to 60% of Indian jewellery transactions involved exchanging old gold in the first quarter of 2026, according to retailer observations.[19]
  • 23% was the year-on-year decline in Chinese gold jewellery demand in 2024, reflecting adaptation challenges amid weaker consumer confidence and higher prices.[19]
  • 70% of India’s gold jewellery demand value in 2024 occurred during the second half of the year, linked partly to festival and wedding buying.[19]
  • 50% or more of India’s gold jewellery market is estimated to consist of bridal jewellery.[19]

Supplier management in the gold industry

  • 4.26 billion US dollars, or 92% of spend, was AngloGold Ashanti’s expenditure with local suppliers in 2024.[33]
  • 15 Galiano Gold vendors participated in supplier training in Kumasi in 2024 on bidding, financial management and local-content regulations.[35]

Stakeholder management in the gold industry

  • 100% of AngloGold Ashanti’s security personnel were trained on human-rights policies in 2024.[33]
  • 20.56 million US dollars was AngloGold Ashanti’s community investment in 2024.[33]
  • 75% of annual social-investment budgets is the minimum IAMGOLD requires sites to align with designated community and sustainability focus areas.[66]
  • 1.034 billion US dollars was paid to governments by AngloGold Ashanti in 2024.[33]
  • 4,271 hectares of land had been cumulatively rehabilitated by AngloGold Ashanti by the end of 2024, supporting community and regulator expectations.[33]

Distribution channels in the gold industry

  • 12.4% of Laopu Gold’s 2024 revenue came through online platforms.[32]
  • 5,545 million Danish kroner of Pandora revenue came from wholesale and third-party distribution in 2024.[67]
  • 51.796 million renminbi was CSMall’s offline retail and service-network revenue in 2024.[32]
  • 7,120 million Danish kroner of Pandora revenue came from online stores in 2024.[67]
  • 15.629 million renminbi was CSMall’s gold-product sales revenue in 2024.[32]

16 Statistics

Regional markets

Regional data highlights concentrated national output and export value. Ghana produced 4.8 million ounces of gold in 2024, a historic high and 19.3% increase from 2023.

The gold industry in Ghana

  • 221,087 ounces of gold were produced at AngloGold Ashanti’s Obuasi Mine in Ghana in 2024, down 1.3% from 2023.[68]
  • 236,698 ounces of gold were produced at AngloGold Ashanti’s Iduapriem Mine in Ghana in 2024, down 11.7% from 2023.[68]
  • 1.9 million ounces of gold came from Ghana’s small-scale sector in 2024, up 70.1% from 1.1 million ounces in 2023.[68]
  • 4.8 million ounces of gold were produced in Ghana in 2024, a historic high and a 19.3% increase from 2023.[68]
  • US$10.3 billion in gold export earnings were recorded by Ghana in 2024, according to central-bank data cited by GoldBod.[69]

Key questions about the gold industry

What is the scale of the 2025 gold market?
Global gold demand reached 5,002.3 tonnes in 2025, worth US$555 billion. Total supply was also 5,002.3 tonnes, up 1% year on year.
How is demand expected to change into 2026?
The World Gold Council expects 2026 investment demand to finish around 200 tonnes above 2025, backed by ETF inflows and physical investment. It expects central-bank demand to at least match 2025, while jewellery demand declines year on year.
Which companies lead the gold industry?
AngloGold Ashanti and Barrick Mining Corporation are tied at the top of Gitnux's 2026 gold ranking with an Overall score of 9.9 each.
What technology shifts are showing up in gold operations?
Autonomous haulage and data work are expanding: 3,832 autonomous haul trucks operated globally in July 2025. Barrick recorded 75,000 critical-control verifications across its sites in 2024.
How does the 2025 demand structure shape the market?
Investment was the largest growth engine in 2025 at 2,175 tonnes, including 801 tonnes of ETF inflows. Central banks bought 863 tonnes, while jewellery demand fell 18% to 1,542.3 tonnes.
What is happening to recycling and why does it matter?
Recycling increased only 3% despite record prices. The latest figures also show 1,404.3 tonnes of gold were recycled in 2025, up 3% year on year.
Reference

Cite This Report

This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.

APA
Samuel Norberg. (2026, November 10). Gold Industry Statistics. Gitnux. https://gitnux.org/gold-industry-statistics
MLA
Samuel Norberg. "Gold Industry Statistics." Gitnux, 10 Nov 2026, https://gitnux.org/gold-industry-statistics.
Chicago
Samuel Norberg. 2026. "Gold Industry Statistics." Gitnux. https://gitnux.org/gold-industry-statistics.

Sources & references

75 sources cited across this report

  1. mckinsey.com.br
  2. komatsu.com
  3. agnicoeagle.com
  4. barrick.com
  5. newmont.com
  6. operations.newmont.com
  7. reports.epirocgroup.com
  8. crowe.com
  9. ey.com
  10. ncses.nsf.gov
  11. nevadamining.org
  12. assets.kpmg.com
  13. cdn2.audiencemedia.com
  14. mdpi.com
  15. files.seequent.com
  16. seequent.com
  17. marketindex.com.au
  18. sec.gov
  19. gold.org
  20. spglobal.com
  21. canadianminingjournal.com
  22. antlergold.com
  23. riotinto.com
  24. sedarplus.ca
  25. btrgold.com
  26. equinoxgold.com
  27. companiesmarketcap.com
  28. s204.q4cdn.com
  29. internationalwim.org
  30. govinfo.gov
  31. wfpma.org
  32. hkexnews.hk
  33. reports.anglogoldashanti.com
  34. cultureamp.com
  35. financialfilings.com
  36. s26.q4cdn.com
  37. goldiamjewellery.com
  38. stocktitan.net
  39. sencogold.com
  40. jckonline.com
  41. brite.co
  42. plumbclub.com
  43. digilant.com
  44. nsearchives.nseindia.com
  45. redesign.mining.com
  46. reddit.com
  47. eldoradogold.com
  48. app.boardroomalpha.com
  49. minedocs.com
  50. s205.q4cdn.com
  51. cochilco.cl
  52. assets.ey.com
  53. publications.qld.gov.au
  54. streetinsider.com
  55. dundeeprecious.s0.adnetcms.com
  56. scribd.com
  57. iamgold.com
  58. anglogoldashanti.com
  59. 20286994.fs1.hubspotusercontent-na1.net
  60. alvarezandmarsal.com
  61. opentext.com
  62. viasat.com
  63. chemtrec.com
  64. torexgoldinc.com
  65. natural-resources.canada.ca
  66. s202.q4cdn.com
  67. pandoragroup.com
  68. ghanachamberofmines.org
  69. goldbod.gov.gh
  70. pubs.usgs.gov
  71. policy.trade.ec.europa.eu
  72. alamosgold.com
  73. b2gold.com
  74. harmony.co.za
  75. zijinmining.com