Global Gold Demand and Production - In 2024, global gold demand reached a record high of 4,974 tons, while gold mine production was 3,661 tons, showing no significant year-on-year growth due to rising costs in labor and energy [1] China's Gold Production - China maintained its position as the world's largest gold producer for 18 consecutive years, with a production of 377.242 tons in 2024, reflecting a year-on-year increase of 0.56% [3] - Zijin Mining, China's largest gold mining company, produced 72.94 tons of gold in 2024, a 7.7% increase, with 65.5% of its production coming from overseas mines [3] - Shandong Gold's gold production increased by 10.51% to 46.17 tons, with domestic mines contributing 38.32 tons, making it the highest gold producer among listed companies in China [3] Major Global Gold Mines - The top three gold mines in 2024 were Nevada Gold Mines in the USA (2,698,701 ounces), Muruntau in Uzbekistan (2,676,656 ounces), and Grasberg in Indonesia (1,861,000 ounces) [4][10] - Nevada Gold Mines, a joint venture between Barrick Gold and Newmont, produced 83.94 tons of gold in 2024 [9] - Muruntau, the world's largest open-pit gold mine, has proven reserves exceeding 4,500 tons and produced approximately 83.25 tons in 2024 [7][9] Emerging Gold Mining Projects in China - The Xiling Gold Mine in Shandong is the largest single gold deposit discovered in China, with gold reserves of 592 tons [4] - The San Shan Dao North Sea Gold Mine, China's first offshore gold discovery, has proven gold resources exceeding 500 tons and is expected to start production in mid-2025, targeting an annual output of over 15 tons [5]