At the end of 2022, the world’s largest gold mining company, Newmont, continued its precious metal production at the level of 2021. It produced a total of 6 million ounces of gold and 1.3 million ounces of gold equivalent of other metals in 12 months. informs Interfax.
As a result of the acquisition of gold miner Goldcorp in 2019, the company’s resource capacity increased. Following the completion of the transaction, the group’s assets are located in North and South America, as well as in Australia and Africa. The note also states that the company plans to reach even larger-scale gold production in the future.
“In 2022, the company produced 6 million ounces of gold and 1.3 million ounces of gold equivalent of other metals. In 2023, Newmont plans to produce 5.7-6.3 million ounces of gold excluding other metals and reach 6.1-6.7 million ounces in the long run.”
On February 11, the Financial Times reported based on data from analysts from the World Gold Council (WGC). reportedAfter last year’s results, a significant increase was recorded in the demand for gold bullion in Russia. This 12-month indicator increased almost five times in 2021 compared to values for the same period. Thus, the demand for gold in Russia increased the fastest among all countries in the world.