Reserves are the gold sitting in the mines but are not produced or have not been mined. As of the end of 2020, China was the largest producer but 9th in mining reserves. After 2006, South Africa fell from the largest producer and is now 12th while having the 4th highest reserves. Australia has the most gold sitting in mines but is the 2nd largest producer of gold.

Top five countries with the largest gold mine reserves in the world

Global gold mine reserves by country 2020 | Statista