By Carlos Andres
Today, we present the world's Top 10 producing Gold Mines. Compiling them was not easy because there are a few ways they can be ranked. A top 10 list can by compiled by annual production, or by the size of proven and probable reserves, or more generally by their measured, indicated & inferred resources (which include reserves). We ultimately decided to rank them based on the overall size of gold resources to give the viewer a truer sense of the deposits size and potential. Please enjoy our Top 10 List as we begin with the smallest and work our way to Number #1.
#10 | Obuasi | 29,830,000 Oz Gold
Location: GHANA, western Africa
In the #10 spot is Obuasi, owned by major gold producer AngloGold Ashanti. It is primarily a high-grade underground mine with periodic open-pit operations during its long history. It is located in the Ashanti region of southwest Ghana in western Africa; a prolific gold producing region for centuries. The underground operation extends to a depth of 1,500 meters or 4,900 feet (almost a mile). Mining began at Obuasi more than 110 years ago, in 1897 when it was originally known as the Ashanti Mine.
#9 | CADIA EAST | 37,600,000 Oz Gold
Location: New South Wales, AUSTRALIA
In the #9 spot is Cadia East, owned by Australian major Newcrest. The large underground mining operation is part of a trio of gold mines, in close proximity to one another, known collectively as Newcrest's Cadia Valley Operations, roughly 250 kilometers west of Sydney. The other two mines are Cadia Hill and Ridgeway. Cadia Hill is a large open-pit mine nearing the end of its useful life just as the newly developed Cadia East recently began its expected 30 year mine life. Gold was first discovered in the gold and copper bearing Cadia region in 1851 and Cadia East was discovered in 1994.