Toronto - based Barrick Gold, currently still the world's largest gold producer by output, on Tuesday announced that preliminary full -
year gold output of 5.32 - million ounces for 2017 was in line with the adjusted guidance of 5.3 - million to 5.5 - million ounces.
Not exact matches
The Silver Institute reported in May that global silver mine production in 2016 declined for the first time in 14
years on lower - than - expected
output from lead, zinc and
gold projects.
It's accurate to say that
gold output globally has plateaued just now; it's likely declining in
years to come.
In the third quarter, the second largest
gold miner after China, Australian
output increased 3 percent or 2 tonnes (64,301 troy ounces) to 75 tonnes over the same period from the
year prior.
Despite seeing
gold output decline by 2 %, Newmont claimed the title of world's biggest bullion producer as it surpassed rival Barrick by 16,000 ounces in the first three months of the
year.
Barrick expects to produce between 4.5 - million and 5 - million ounces of
gold this
year — down from full -
year 2017
output of 5.32 - million ounces of yellow metal — at an AISC ranging between $ 765 / oz and $ 815 / oz.