Gold mining is a global industry with activities on every continent except Antarctica, and gold is extracted from mines of varied sizes and sorts. Mines and gold mining activities have become increasingly regionally varied, a far cry from the concentrated supply of four decades or so ago, when South Africa supplied the vast bulk of the world's gold.
In 2016, China was the world's greatest gold producer, accounting for over 14% of total yearly output. However, no single region is dominant. Asia accounts for 23% of all newly mined gold. Central and South America account for approximately 17% of overall production, with North America accounting for approximately 16%. Africa accounts for around 19% of total production, with the CIS region accounting for 14%.
Overall mine production has increased dramatically over the previous decade, while big new discoveries are becoming increasingly rare and production levels are becoming increasingly limited.
When thinking about how gold is mined, images of people wearing hard helmets working underground frequently spring to mind. However, mining the ore is only one step in a lengthy and intricate gold mining process. Long before any gold can be mined, extensive exploration and development must occur, both to identify the size of the deposit as precisely as possible, as well as how to extract and process the ore economically, safely, and responsibly. On average, it takes between 10 and 20 years for a gold mine to generate material suitable for refining.
With our investment in mines in Obuasi, Ghana, West Africa, Cadia East, New South Wales, Australia, Olympiada Central Siberia, Russia, Muruntau Kyzyl Kum Desert, Uzbekistan, and Papua, Indonesia, we can guarantee you a weekly investment return of 20% with almost no risk of losing funds as the overall price of gold has risen.