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):

Name Base Revenue Assets Market Value
Barrick Gold Canada 8.14 27.08 37,610
Goldcorp Canada 2.72 20.95 28,020
Newmont Mining United States 7.71 22.30 24,690
Newcrest Mining Australia 2.04 4.21 13,960
AngloGold Ashanti South Africa 4.15 9.82 12,960
Kinross Gold Canada 2.41 8.01 12,840
Polyus Gold Russia 1.09 3.08 9,300
Agnico-Eagle Mines Canada 0.64 4.25 9,170
Gold Fields South Africa 3.77 8.45 8,160
Yamana Gold Canada 1.18 9.71 7,840
Eldorado Gold Canada 0.28 1.36 6,820
Buenaventura Peru 0.74 1.99 5,370
One Response to Gold mining in Canada
  1. I can see that you are a specialist on gold mining in Canada. I am creating a similar blog in the near future, and your article will be really handy for me. Thanks for all your help.


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