Following our popular roundup of Q4 2024 gold production figures, MiningVisuals.com is back with the latest insights into the performance of the world's leading gold miners for the first quarter of 2025. As the precious metal continues to play a pivotal role in global finance and industry, tracking the output of its major producers offers a keen understanding of market dynamics, company performance, and broader economic trends.
Leading Producers by Output:
- Newmont Corporation announced Q1 2025 gold production of 1.54 million ounces, down from 1.68 million ounces in Q1 2024. The company attributed this planned decrease primarily to its strategic divestment of non-core assets as part of its portfolio optimization following the Newcrest acquisition. Mines such as Musselwhite, Éléonore, and CC&V saw reduced contributions in Q1 2025 due to their sales being finalized mid-quarter. Lower output from the Nevada Gold Mines joint venture and specific operational plans, including safety improvements at Cerro Negro and mine sequencing at Boddington and Tanami, also contributed to the quarterly figures. Newmont confirmed it remains on track to meet its full-year 2025 production guidance.
- Agnico Eagle Mines Ltd produced 873,794 ounces in Q1 2025, a minor 0.55% dip year-over-year from approximately 878,600 ounces in Q1 2024.
- Barrick Mining reported Q1 2025 gold production of 758,000 ounces, representing a 19.36% decrease from approximately 940,000 ounces in Q1 2024. This decline was influenced by factors including maintenance downtime and mine sequencing at some operations.
- AngloGold Ashanti PLC reported a significant 23.92% year-on-year increase in Group gold production for Q1 2025, reaching 720,000 ounces, up from approximately 581,000 ounces in Q1 2024. This was primarily driven by contributions from the Sukari Gold Mine and operational improvements at Siguiri and Tropicana.
Other Significant Production Increases
- Gold Fields Ltd reported an 18.75% year-on-year increase in attributable gold equivalent production for Q1 2025, reaching 551,000 ounces from approximately 464,000 ounces in Q1 2024. This was supported by improved performance and the ramp-up of the Salares Norte project.
- Endeavour Mining PLC reported a substantial 55.71% gold production surge in Q1 2025, reaching 341,000 ounces compared to approximately 219,000 ounces in Q1 2024. This growth stems from the completion of its growth phase, including contributions from the new Lafigué mine.
- Fresnillo Plc, primarily a silver producer, saw its Q1 2025 gold production increase by 10.87% to 156,100 ounces from approximately 140,800 ounces in Q1 2024.
Other Significant Production Decreases
- Freeport-McMoRan (FCX) reported Q1 2025 gold production of 287,000 ounces, a significant 47.72% decrease from approximately 549,000 ounces in Q1 2024, primarily due to factors at the Grasberg mine.
- B2Gold Corp reported consolidated gold production of 192,752 ounces for Q1 2025. This was a 14.60% decrease from approximately 225,700 ounces (including attributable Calibre production) in Q1 2024. Despite the quarterly decrease, the company noted production was above budget.
- Harmony Gold Mining Company Ltd produced 314,142 ounces of gold in Q1 2025. This represents an -10.26% decrease from approximately 350,056 ounces in Q1 2024, reflecting operational challenges during the period. (Note: Harmony Gold's financial year means this Q1 calendar performance aligns with their Q3 FY25.)
