Zijin Mining(02899) 前瞻网·2023-12-22 16:15Core Insights - China is the largest gold producer in the world, accounting for nearly 11% of global gold production in 2022, followed by Australia and Russia, each with a 10% share [2][5] - The global gold demand saw a significant increase of 18% in 2022, reaching 4740.7 tons, with jewelry being the largest consumer market, representing 47% of the demand [7][8] Group 1: Gold Production - In 2022, global gold mine production totaled 3627.72 tons, with the top five gold-producing countries contributing to 45% of this total [2][5] - The top ten gold mines produced a combined total of 340.71 tons, accounting for approximately 9.39% of global gold production [3][4] - Nevada Gold Mines is the largest single gold mining complex globally, producing 85.84 tons in 2022, which is 2.37% of the global supply [4][5] Group 2: Major Gold Mining Companies - The top ten gold mining companies produced a total of 2890 million ounces in 2022, representing 24.78% of global production [5][6] - Newmont and Barrick are the top two gold producers, with production figures of 5956.0 thousand ounces and 4141.0 thousand ounces respectively [6] - Zijin Mining made its debut in the top ten global gold producers in 2022, while Freeport-McMoRan's Grasberg mine saw a 31% increase in production, making it the tenth largest producer [5][6] Group 3: Gold Jewelry Demand - China and India are the largest consumers of gold jewelry, each accounting for approximately 32% of global gold jewelry demand in 2022 [8][9] - The cultural significance of gold in China and India drives traditional purchasing during festivals and weddings, contributing to their status as the largest gold jewelry markets [8]