Gray Frame Corner

The World’s Largest Gold Mines

Gold mines shape economies globally. Despite increased central bank gold purchases, 24% plan to boost reserves next year. As a Nomad Capitalist client, secure your assets with a holistic strategy, including gold for economic protection.


Gold mining has ancient roots, starting in Egypt around 3000 BCE. Romans innovated techniques, but Middle Ages saw a slowdown in Europe. Yet, gold thrived in Africa and Asia.

History of Gold Mining

In the 15th century, Americas' exploration reignited gold interest, sparking expeditions and the infamous quest for El Dorado. Subsequent gold rushes, notably the California Gold Rush in 1848, shaped the industry's history globally.

In the 20th century, technological strides enhanced gold mining, adopting large-scale operations with heavy machinery and chemical extraction. Presently, the global gold industry thrives, with major contributions from the United States, Australia, and Russia.

Modern Gold Mining

Cadia-Ridgeway Mine in Australia, owned by Newcrest Mining, produced 561,000 ounces of gold in 2022. Located 250 km west of Sydney, it's a major gold producer with a focus on sustainable practices and environmental impact reduction.

Cadia-Ridgeway Mine, Australia

Kibali Gold Mine in the DRC, a joint venture of Barrick Gold, AngloGold Ashanti, and Société Minière de Kilo-Moto, produced 337,000 ounces of gold in 2022. It's a key economic driver in the region, operating since 2013 with a planned ten-year mine life.

Kibali Gold Mine, DRC

In the Dominican Republic, Pueblo Viejo mine produced 428,000 ounces of gold in 2022, contributing $2.6 billion in tax payments and 31% of the country's export value from 2013 to 2020, despite environmental controversies.

Pueblo Viejo Mine, Dominican Republic

Grasberg, an extensive gold and copper mine in Indonesia, produced 927.21 thousand ounces of gold in 2022. Despite challenges, it's operational since the 1970s and expected to continue until 2041.

The Grasberg Gold Mine, Indonesia

Polyus operates Russia's Olimpiada mine, producing 1.04 million ounces in 2022. Since 1996, the mine's open-pit and underground methods contribute significantly to the economy.

Olimpiada Gold Mine, Russia

Navoi Mining's Muruntau Mine, Uzbekistan, a massive open-pit gold mine since 1967, produced 78 million ounces, contributing significantly to the country's economy. With vast reserves, it's set to sustain operations for decades.

Muruntau Gold Mine, Uzbekistan

Nevada Gold Mines lead with 3.03 million ounces yearly. The Carlin Gold Mine, since 1965, tackles challenges in mining microscopic gold particles along the Carlin Trend in northeastern Nevada.

Nevada Gold Mines

Central banks, facing economic challenges, acquire gold at levels unseen since the 1970s. For wealth protection, consider offshore storage of physical gold amid rising economic uncertainty.

Offshore Your Precious Metal

Seek expert advice for navigating complex gold markets. Contact Nomad Capitalist for holistic strategies, including precious metals, to protect and diversify your wealth while legally minimizing taxes.


Our experienced team can help you legally reduce your tax rate offshore, protect your assets, invest overseas, obtain a second citizenship, and improve your peace of mind. We’ve helped 1,500+ HNWI entrepreneurs and investors and we can help you, too.

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