Sou Hu Cai Jing·2025-10-11 14:46Core Insights - The spot gold price has surpassed $4,000 per ounce, marking a historical high with a year-to-date increase of over 50% [2] - Global gold demand is projected to reach 148.1 million ounces (4,606.1 tons) in 2024 and is expected to grow to 178.7 million ounces (5,558.2 tons) by 2030 [2] - The total global gold supply reached 160.4 million ounces (4,989.0 tons) last year, with gold mine production accounting for 111.8 million ounces (3,477.4 tons) [2] Supply Dynamics - The global gold mining landscape remains stable, with gold mine supply expected to hit a record high of 3,661 tons in 2024 [4] - Africa is the leading region in gold production, with an annual output of 1,010 tons, followed by Asia and the CIS [4] - Ghana is the largest gold producer in Africa, with a production of 140.6 tons last year, reflecting a 7.7% year-on-year increase [4] Major Producers - The top five gold-producing countries account for over one-third of global output, with the U.S. producing 158 tons, a 7.2% decline from the previous year [6] - Canada ranks fourth with a production increase of 5.4% to 202 tons, significantly up from 102 tons in 2010 [6] - Australia produced 284 tons, experiencing a 4.1% decline, while Russia maintained its second position with a production of 330 tons, a 2.5% increase [6] China's Position - China remains the largest gold producer globally, with a production of 380.2 tons last year, accounting for approximately 10% of global output [10] - Shandong Gold achieved revenues of 82.518 billion yuan and a net profit of 2.952 billion yuan, with a gold production increase of 10.51% to 46.17 tons [10] - Zijin Mining, as the largest gold mining company in China, plans to increase its production from 73 tons to 85 tons this year [10]