World Top 5 Gold Processing Companies One

Here is an in-depth look into the top producing gold mining companies across the globe—Who are they and what do they do?

The world’s top five producing gold mining companies include: Barrick Gold, Goldcorp, AngloGold Ashanti, Newmont Mining Corporation and Kinross Gold Corporation.

Barrick Gold Corporation

Barrick Gold Corporation is well-known worldwide as being the largest pure gold mining company in the world. This gold industry giant has 26 operating gold mines, in addition to projects in the pipeline across Australia, North America, South America and Africa.

According to a 2009 report issued by the Company, it established 139.8 million ounces of proven, probable gold reserves—which is the largest amount of un-hedged reserves in the entire industry. Barrick Gold has an aggressive goal of reaching 7.6 to 8.0 million ounces of gold in 2010, at a total cash cost of $425 to $455 per ounce.

Barrick Gold Corporation is headquartered in Toronto, Ontario, Canada and the President and CEO is Aaron Regent. The Company’s vision is, “To be the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.”

Goldcorp

Goldcorp is a leader in gold production, with operations located throughout North America, Central America and South America. According to a 2009 annual report issued by the Company, Goldcorp, “continues to be the growth leader among senior gold producers with a forecast production increase of 57 percent over the next five years.” The Company’s growth profile is unrivaled within the mining industry.

Chuck Jeannes, President and Chief Executive Officer said, “We experienced another record-breaking year in 2009, increasing gold production to 2.42 million ounces on the strength of organic growth at most of our mines. We also achieved record cash margins due not only to a higher average realized gold price of $978 per ounce, but also to total cash costs that declined to $295 per ounce for the year from $305 in 2008.

Cash flow from operations before changes in working capital totaled nearly $1.2 billion in 2009 while adjusted net earnings were $588.2 million in 2009 compared to $397.0 million in 2008.”

Goldcorp saw rapid growth from a solid intermediate player in the gold mining industry, to one of the dominant senior gold producers in the world. Goldcorp aims at being a low cost gold producer around the globe, with minimal environmental impact.

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