Investing In Gold And Silver For Capital Preservation And Appreciation

The Richest Gold Mines on the Planet

South Africa may have once held the coveted title of world's top gold producer, but in 2007 China rose to prominence and pushed the former leader into second place. However, many countries lay claim to housing the richest gold mines in the world. It is difficult to argue with the fact that China is now head and shoulders above the rest with an increased output of 12 per cent in 2007. Shandong, Henan, Fujian and Liaoning in the eastern provinces are now known as the homes of the biggest mines, but the western provinces of Guizhou and Yunnan are catching up.


South Africa may have once held the coveted title of world’s top gold producer, but in 2007 China rose to prominence and pushed the former leader into second place. However, many countries lay claim to housing the richest gold mines in the world. It is difficult to argue with the fact that China is now head and shoulders above the rest with an increased output of 12 per cent in 2007. Shandong, Henan, Fujian and Liaoning in the eastern provinces are now known as the homes of the biggest mines, but the western provinces of Guizhou and Yunnan are catching up.

Second-place South Africa has mines reaching a depth of over 3.8km with only five per cent above ground. Its principal gold mine production area is the Archaean Witwatersrand Basin. The last century has seen 41,000 t of gold produced from this mine. Gold is hosted by conglomerates and grits which makes it an ancient placer deposit, one of only a few round the globe.

Ballarat was the birthplace of the mining industry of Australia. Gold in paying quantities was first found in New South Wales shortly after its discovery in California, but the product was small, and it was not until some of these big lumps were unearthed near Ballarat that people from all parts of the world flocked here to dig. Gold is now produced all over Australia, but Western Australia is by far the largest gold producing state, producing about 155 t of gold in 2007, which represented just under two-thirds of the country’s total output.

Mount Morgan, a mountain of iron mixed with gold near the coast of Queensland, is one of the richest gold mines of the world, and at the town of Gympie, some distance off, it is said that there is so much gold in the earth that the boys sometimes find the yellow grains in the gutters after rain. In 2007 Australia’s largest producer was the Telfer operation in WA where 0.62 Moz was produced.

The USA is still a giant in the production of gold. Nevada is the largest producing state with almost 82 per cent of the domestic output coming from here in 2006. Making gold from a large low-grade deposit, the biggest mine in the USA is known as the Carlin mine in North East Nevada. The Yukon River basin, which runs through central Alaska, is also a predominant player.

Buying gold can be very exciting

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