5 Top Gold Producers in Asia 2024

Asia is home to some of the world’s largest and most dynamic gold producers, playing a critical role in the global supply of this precious metal. From powerhouse economies to emerging mining hubs, Asian countries have been significant contributors to global gold output.

‍

In this article, we examine the top gold producers in Asia, their recent production output, and their influence on the regional and global gold industry. According to data and analysis provided by the World Gold Council, a leading authority on international gold markets and industry trends such as:

‍

1. China: Asia’s Leading Gold Producer (380.2 Tonnes)

China has firmly held its position as the world’s leading gold producer for over a decade. In 2024, the country produced an estimated 380.2 tonnes of gold, making it not only Asia’s top gold producer but also a global leader in gold production.

‍

China's vast gold reserves, advanced mining technology, and government support have helped maintain its dominance. According to Mining-Technology Data, the central mining provinces include Shandong, Henan, and Jiangxi, with companies like Zijin Mining Group and Shandong Gold Group leading the way. China's strategic focus on self-sufficiency and investment in domestic gold resources further solidifies its long-term market position.

‍

2. Indonesia: Second-Largest Gold Producer in Asia (140.1 Tonnes)

With an output of 140.1 tonnes, Indonesia is the second-largest gold producer in Asia and a key player in the global mining industry. The country’s gold industry is heavily supported by large-scale mining operations, such as the Grasberg Mine in Papua, which is one of the world's largest gold and copper mines.

‍

Indonesia’s government has also been actively encouraging greater domestic processing of mineral resources, including gold, to increase added value and support national growth. Despite regulatory challenges, the country continues to attract significant investment in its mining sector.

‍

3. Philippines: Third in Asia for Gold Production (38.8 Tonnes)

The Philippines produced approximately 38.8 tonnes of gold, placing it third among Asia’s gold producers. While the country is rich in mineral resources, the full potential of its gold mining industry has yet to be realized.

‍

Small-scale mining contributes a significant portion of the Philippines' gold output. Challenges such as environmental concerns, illegal mining, and fluctuating policy directions have impacted its growth. However, with recent efforts to enhance regulatory transparency and attract foreign investment, the country’s gold sector is expected to experience renewed momentum in the coming years.

‍

4. Turkey: Emerging Gold Producer (30.6 Tonnes)

Turkey, geographically situated at the intersection of both Asia and Europe, is emerging as a notable gold producer, with 30.6 tonnes reported. The country has been increasing its mining activity over the past decade, driven by both domestic consumption and export potential.

‍

Both government initiatives and private investment support Turkey’s gold production. As economic uncertainties rise, bolstering domestic demand and justifying increased exploration and production.

‍

5. Mongolia: Expanding Gold Output (12.6 Tonnes)

Mongolia may not be a leading producer yet, but with 12.6 tonnes of gold output, its role in the industry is gradually expanding. Rich in mineral resources and supported by foreign partnerships, Mongolia’s mining sector continues to grow, especially with large projects such as Oyu Tolgoi.

‍

With a government keen on promoting mining investment while balancing environmental and social responsibilities, Mongolia is poised to increase its share in the global gold market over the next decade.

‍