The World’s Top 5 Gold Mines Wed Aug 2017
Here is our list of the world’s top 5 gold mines.
5. Yanacocha (Peru)
Yanacocha returned a profit of 300% since investment from its parent company.
First on our list of the world’s top 5 gold mines is the Yanacocha gold mine, this is because the mine covers 60 square miles and is the largest gold mine in Latin America.
Especially relevant, the company Newmont Mining owns this gigantic mine and has invested around $2 billion into it to date.
The returns have been incredible making it the most profitable mine of its kind generating Newmount $7 billion in returns.
4. The Super Pit (Kalgoorlie, Western Australia)
The richest square mile in the world which can be seen from space.
The Super Pit has an area of 3 square miles and is visible from space, this therefore makes the Super Pit the biggest gold mine in Australia.
During the gold rush in the late 19th century this mine was considered to be the richest square mile in the world.
The Super Pit is set to expire this year (2017) and fill with ground water.
3. Grasberg Mine (Indonesia)
The Grasberg gold mine has a diameter of 1 mile and is situated in a position almost not accessible in the Irian Jaya mountains range in Indonesia.