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Gold mining is the resource extraction of gold by mining.. As of 2017, the world's largest gold producer was China with 429.4 tonnes.The second-largest producer, Australia, mined 289.0 tonnes in the same year, followed by Russia with 272.3 tonnes.

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The Mining Process – Waihi Gold. Mining – open pit and underground. To define the ore from the waste rock, samples are taken and assayed. Assay results are used to mark out areas of ore and waste rock, which are mined separately.

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Process Flow Gold Mining Gold mining was first carried out in alluvial areas, namely in watersheds that have a mineral content of the ore deposits of gold, where gold is mined by a very simple way by using the tools of a pan.

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Review of cash flow statements for seven of the world's largest gold mining companies (Agnico-Eagle, Barrick Gold, Eldorado Gold, Goldcorp, Newmont Mining, Randgold, and Yamana Gold) shows that they consistently meet the first two criteria but fail to meet the third.

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Because the gold mining industry is very capital intensive, the company's free cash flow is a better indicator of financial health rather than the net income. As mentioned, all of the top three gold miners suffered production declines in the first half (1H) of 2018 versus the same period last year.

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