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The World's Biggest Gold Mines

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Where Is Gold Mined?

The price of gold has more than doubled in the past five years, creating considerable interest in trading the precious metal. Roughly $75 billion is traded in the London bullion market every day. Despite demand, gold is extremely scarce. By some estimates, all of the gold ever mined in the history of the world only fill two Olympic-sized swimming pools. Given the U.S. Geological Society estimates that just 51,000 tons of global gold reserves remain in the ground, gold mining remains a lucrative
Photo: Bryan Peterson | Taxi | Getty Images

The price of gold has more than doubled in the past five years, creating considerable interest in trading the precious metal. Roughly $75 billion is traded in the London bullion market every day.

Despite demand, gold is extremely scarce. By some estimates, all of the gold ever mined in the history of the world would fill only two Olympic-size swimming pools. Given the U.S. Geological Society estimates that just 51,000 tons of global gold reserves remain in the ground, gold mining remains a lucrative business.

For a look at the world’s biggest gold mining operations, CNBC analyzed the most recent data from Thompson Reuters and Metals Economics Group, which included information only from publicly traded companies.

For this report, CNBC included mines that are located on a singular property. “Mining operations” can be classed as a mine, but in the case where several mines or deposits are combined with a central processing facility, these operations were excluded from this list.

One example of this situation is in Newmont Mining’s Nevada operation, where several separate mines are grouped together. However, Newmont does not disclose production numbers for its individual mines in Nevada, so this mining operation was excluded.

Click ahead to see where most of world’s gold comes from!

By Drew Sandholm
Posted 9 March 2012

10. Boddington

Location: Boddington, Australia Gold Production In 2011: 741,000 oz Active Miners: Newmont Mining Mining Operations: Open pit
Photo: Newmont Mining Corp.

Location: Boddington, Australia
Gold Production In 2011: 741,000 oz

Active Miners: Newmont Mining
Mining Operations: Open pit

9. Kalgoorlie Super Pit

Location: Kalgoorlie, Australia Gold Production In 2011: 750,000 oz Active Miners: Barrick Gold; Newmont MiningMining Operations: Open pit
Photo: Barrick Gold Corp.

Location: Kalgoorlie, Australia
Gold Production In 2011: 750,000 oz

Active Miners: Barrick Gold; Newmont Mining
Mining Operations: Open pit

8. Lagunas Norte

Location: Santiago de Chuco, Peru Gold Production In 2011: 770,000 oz Active Miners: Barrick Gold Mining Operations: Open pit
Photo: Barrick Gold

Location: Santiago de Chuco, Peru
Gold Production In 2011: 770,000 oz

Active Miners: Barrick Gold
Mining Operations: Open pit

7. West Wits

Location: Carletonville, South Africa Gold Production In 2011: 792,000 Size: 4,188 hectares Active Miners: AngloGold Ashanti Mining Operations: Underground
Photo: AngloGold Ashanti

Location: Carletonville, South Africa
Gold Production In 2011: 792,000

Size: 4,188 hectares
Active Miners: AngloGold Ashanti
Mining Operations: Underground

6. Vaal River

A miner at Vaal River gold mine, operated by AngloGold Ashanti in Klerksdorp, South Africa
Photo: AngloGold Ashanti

Location: Klerksdorp, South Africa
Gold Production In 2011: 831,000

Size: 14,602 hectares
Active Miners: AngloGold Ashanti
Mining Operations: Underground

5. Veladero

Location: San Juan, Argentina Gold Production In 2011: 957,000 Active Miners: Barrick Gold Mining Operations: Open pit
Photo: Barrick Gold

Location: San Juan, Argentina
Gold Production In 2011: 957,000

Active Miners: Barrick Gold
Mining Operations: Open pit

4. Goldstrike

Location: Eureka and Elko Counties, Nev. Gold Production In 2011: 1,088,000 Active Miners: Barrick Gold Mining Operations: Open pit and underground
Photo: Barrick Gold

Location: Eureka and Elko Counties, Nev.
Gold Production In 2011: 1,088,000

Active Miners: Barrick Gold
Mining Operations: Open pit and underground

3. Yanacocha

Location: Cajamarca, Peru Gold Production In 2011: 1,293,000 Size: 96 square miles Active Miners: Newmont Mining; Buenaventura; World Bank Mining Operations: Open pit
Photo: Newmont Mining

Location: Cajamarca, Peru
Gold Production In 2011: 1,293,000

Size: 96 square miles
Active Miners: Newmont Mining; Buenaventura; World Bank
Mining Operations: Open pit

2. Cortez

Location: Elko, Nev. Gold Production In 2011: 1,421,000 Size: 1,081 square miles Active Miners: Barrick Gold Mining Operations: Open pit
Photo: Barrick Gold

Location: Elko, Nev.
Gold Production In 2011: 1,421,000

Size: 1,081 square miles
Active Miners: Barrick Gold
Mining Operations: Open pit

1. Grasberg

Location: Papua, Indonesia Gold Production In 2011: 1,444,000 Size: 527,400 acres Active Miners: Freeport-McMoRan Copper & Gold Mining Operations: Open pit, underground
Photo: Freeport-McMoRan

Location: Papua, Indonesia
Gold Production In 2011: 1,444,000

Size: 527,400 acres
Active Miners: Freeport-McMoRan Copper & Gold
Mining Operations: Open pit, underground

"Gold"

Follow the journey of gold with unprecedented access to the mines of South Africa and the gold vaults of London. CNBC's Bob Pisani takes viewers inside the trading pits in New York, on to the shop floor of America's largest gold jewelry manufacturer and reveals the never-before-seen largest private gold reserve in the world.

"Gold"
Follow the journey of gold with unprecedented access to the mines of South Africa and the gold vaults of London. CNBC's Bob Pisani takes viewers inside the trading pits in New York, on to the shop floor of America's largest gold jewelry manufacturer and reveals the never-before-seen largest private gold reserve in the world.

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