From smallcaps.com.au: Australia is projected to increase its gold production to 377 tonnes per year by 2029-30, potentially surpassing China and Russia, whose production is expected to decline.
China is forecast to produce about 374 tonnes in 2030, while Russia’s output may fall to approximately 314 tonnes due to political and economic challenges.
Significant new mining projects and expansions are anticipated to bolster Australia’s production capacity in the coming years.