Global Gold Production Analisys Market Report

Global gold production will reach 2600 metric tons in 2012. Increased production due to improved gold prices in global markets. But gold-producing companies experiencing some technical obstacles to increase production, the technical problems faced by companies that produce gold, among others: the lag time between discovery and commencement of production, and reduce the amount of iron ore.

The year witnessed significant increase in scrap supply, as people liquidated their gold assets to cash in on the high prices of gold, following the economic downturn, and the subsequent emergence of gold as a safe haven for investment. On the other hand, central banks emerged as net buyers of gold for most part of 2009. As such supply and demand was more or less balanced, leading to continued high prices of gold.

China dominates gold mine production worldwide as stated by the new market research report on gold mining. Gold is produced in almost all the continents, with the exception of Antarctica. However, operations and production volumes vary from region to region. China holds a leadership position in terms of the global gold production in terms of volume. The country overtook South Africa in 2007 to become the largest gold producing nation. Other regions with substantial gold production include Australia, the US, Peru, Russia, Canada, Indonesia, Uzbekistan, Papua New Guinea, Mexico, and Brazil.