US Gold Mining Targets Growth as China Leads Production - Streetwise Reports

AI desk brief

China remains the world’s largest gold producer at about 384 tonnes in 2025, roughly 10% of global output, while U.S. mine production has fallen to around 157 tonnes from 231 tonnes in 2010, a decline of about 32%. The piece frames this as a structural shift in gold supply: BRICS and aligned nations have lifted their combined share of global production from 38% in 2010 to 50% in 2025.

On the company side, Zijin Mining is highlighted as a key Chinese producer, with 2025 mined gold output of 2.89 million ounces, up 23% year on year, and 148 million ounces of gold resources. Its subsidiary, Zijin Gold International, is targeting around 59.2 tonnes of mined gold in 2026 and 70-75 tonnes in 2028, underscoring continued expansion in Chinese supply.

For the U.S., the article points to Washington’s push to rebuild domestic mineral production, including gold, via faster permitting and greater investment under Executive Order 14241. Nevada remains central to the U.S. production base, with Barrick and Newmont expanding Nevada Gold Mines; the piece cites an August 2026 agreement that could create a nearly 100-million-ounce complex. The near-term market takeaway is more about long-run supply security than immediate price impact, but the geopolitical concentration of production and U.S. policy support are supportive for miner valuations and could matter for supply assumptions if permitting accelerates.