According to GlobalData, Papua New Guinea is the world’s nineteenth-largest producer of gold in 2023, with output up by 14% on 2022. Over the five years to 2022, production from Papua New Guinea decreased by a CAGR of 12.1% and is expected to rise by a CAGR of 8% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Gold Mining to 2030 report. Buy the report here.
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Papua New Guinea accounts for 1% of global production, with the largest producers being China, Russia, Australia and Canada.
Leading producers of gold in Papua New Guinea are Newcrest Mining, Zijin Mining Group, Harmony Gold Mining and Barrick Gold. During 2020-2021, Newcrest Mining's output was up by 14%, Zijin Mining Group's output increased by 19%, while output from Harmony Gold Mining decreased by 8%.
For more detailed analysis of global gold mining, buy the report here.
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