Gold Market
Terra Rossa Gold
Colombia Sits at the Heart of gold production in south america.
South American Gold Production
In Kilotons:
South American Gold Production In Kilotons:
Santander Region
A Highly Experienced Management Team Advancing the Drill-Ready, High-Grade Vetas Project located in the Prolific Santander Gold District, Colombia.
Colombia Sits At The Heart of Gold Production in South America.
In 2023, Colombia produced 61,297 kilograms of gold, an increase from 51,332 kilograms in 2022. In comparison, the world average is 35695 kilograms, based on data from 91 countries.
Global Gold Market
Gold futures have soared above $4,000 US per troy ounce for the first time, as many investors seek a safe place to park their money as the U.S. government shutdown continues. A report states further growth is still in sight for gold futures:
The Gold Market size is estimated at 4.75 kilotons in 2025, and is expected to reach 6.78 kilotons by 2030, at a CAGR of 7.38% during the forecast period (2025-2030).
Source 1: CBC – Business Gold Record Highs Source 2: BNN Bloomberg – Gold Market Outlook
Source 3: Global Economy – Colombia Gold Production
Gold Market
Size In Kilotons
CAGR 7.38%
By source, primary mining led with 72.45% volume share in 2024; recycled gold is forecast to expand at an 8.12% CAGR through 2030.
Source: Modern Intelligence
Colombia's Gold Production from 1990 to 2024
Gold In Colombia
Alongside its reserves, Colombia is a major producer of gold globally:
Gold Market Trends & Insights
Western inflows go four-for-four resulting in strongest quarter on record.
Source 1: Goldhub – Gold ETFs, Holdings, and Flows
Global gold ETFs recorded their largest monthly inflow in September, resulting in the strongest quarter on record.
The surging gold price and hefty inflows have driven global gold ETFs’ total AUM to another record high.