In The News


June 28, 2021

Gold is one of the rarest elements in the world, making up between 0.1% and 0.6% parts-per-million of the Earth’s crust. But how much gold is the world digging up each year, and what countries produce the most? According to data released in June 2021 by the World Gold Council (WGC), global gold mine production in 2020 was 3,478.1 tonnes (122.7 million ounces), down slightly for the second year in a row after rising consecutively for the past few years. The COVID pandemic contributed to this slowdown last year, but the world may also be seeing the consequences of steadily shrinking exploration budgets.