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Top 10 Gold Producers Based on 2015 Guidance

Top 10 Gold Producers Based on 2015 Guidance

2014 was a strange year for the gold sector.

Demand for the precious metal dropped four percent to 3,924 tons in 2014, according to the World Gold Council, while gold investment rose two percent from 885 tons in 2013 to 905 tons in 2014.

Oddly enough, mine production set a record of 3,114.4 tons after declines in gold prices in 2013, which saw gold producers focus on cost-cutting rather than development of new projects.

With miners unveiling their full year gold production outlooks, we examine the top 10 gold producers based on their 2015 guidance.

10. Yamana Gold

2014 Production: 1.4 million ounces

2015 Guidance: 1.3 million ounces

 

9. Agnico-Eagle Mine

2014 Production: 1.42 million ounces

2015 Guidance: 1.6 million ounces

 

8. Sibanye Gold

2014 Production: 877,400 ounces

2015 Guidance: 1.61-1.67 million ounces

 

7. Gold Fields Limited

2014 Production: 2.22 million ounces

2015 Guidance: 2.2 million ounces

 

6. Newcrest Mining Limited

2014 Production: 2.39 million ounces

2015 Guidance: 2.3-2.5 million ounces

 

5. Kinross Gold

2014 Production: 2.71 million ounces

2015 Guidance: 2.4-2.6 million ounces

 

4. Goldcorp Inc.

2014 Production: 2.87 million ounces

2015 Guidance: 3.3-3.6 million ounces

 

3. AngloGold Ashanti

2014 Production: 4.44 million ounces

2015 Guidance: 4.0-4.3 million ounces

 

2. Newmont Mining Corporation

2014 production: 4.85 million ounces

2015 guidance: 4.6-4.9 million ounces

 

1. Barrick Gold Corp

2014: Production: 6.25 million ounces 

2015 guidance: 6.2-6.6 million ounces

 

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