For some of you it will be a surprise to know that Canadian companies are dominating world’s gold mining industry. In 2010 the Forbes magazine released an annual “Forbes Global 2000” list of the top 2000 largest public companies in the world.
The ranking is based on a number of factors: Sales, Profit, Assets, Market value; and out of 12 gold companies that made the list, 6 are proudly Canadian.
As of September 2009, there were 20 companies in the country with a market cap of 1 billion dollars or more.
Barrick Gold Corporation is Canada’s and world’s largest pure gold mining company, with its headquarters in Toronto, Ontario, Canada; and four regional business units located in North and South America, Australia, and Africa. For 2008, it produced 7.7 million ounces of gold at a cash cost of US $443/ounce.
“Forbes Global 2000” list (arranged by market value):
|Newmont Mining||United States||7.71||22.30||24,690|
|AngloGold Ashanti||South Africa||4.15||9.82||12,960|
|Gold Fields||South Africa||3.77||8.45||8,160|