5. South Africa – 190,000 kilograms
Per year production of gold in South Africa is about 190,000 kilograms. This country had been one of the leading countries in producing gold but now ranks on 7th position. The most interesting thing is that there is so much which is not yet exploited so there is a possibility for this country to move up the ladder. The discovery of gold in the year 1886 transformed this country from an agricultural country to the gold producing country. In the year 2016, there was a dip in the production of Gold as compared to the year 2015. Hopefully, they still can improvise while there is time.
4. Russia – 200,000 Kilograms
On the third spot, we have Russia. Interestingly 5000 tons of gold is still unexplored as it is in the colder regions of Siberia. Having said that, in the year 1998, the production of gold in this area took a major hit but it again got rose significantly in the year 2014 that it even surpassed the United States. Russia is also the largest buyer of gold as per the report from Forbes. As many as 8000 tons of gold is still lying in the reserves.
3. United States – 237,000 kilograms
The fourth largest producer of gold in the world is United Stated with 237,000 kilograms of production per year. Most of the mines are in Montana and Nevada. The gold is also hoarded up in the reserves of the Federal Government. The increase of gold in the past few years have led them reopen the once-closed mines in Montana region. The larger mines for gold production are in Alaska and western part of US.