Gold Production 2025

While 2025 will be remembered for gold's historic price rally, setting 53 all-time highs and averaging a record $3,431 per ounce, the industry's physical output told a different story. According to the World Gold Council, global mine production grew by a mere 1% year-over-year to reach 3,672 tonnes. This muted supply response illustrates the rigid realities of modern mining: even when prices skyrocket, extracting more metal from the ground remains a slow, highly regulated, and capital-intensive process.