Interesting facts about Philippines Gold Mining Industry Gold Deposits (Placer and Lode) occur in about 73 provinces of the Philippines. Paracale (Luzon) and Baguio are the major districts that produce gold deposits along with Masara (Mindanao), Masbate and Surigao. In 2003, production of gold was about 37,800 kilograms. Agata is said to be a project that is highly mineralized. It is also the site for ongoing and historical gold mining. It is a fact that the Philippines rank as the world’s second largest in gold reserves worth an estimated $1.4 trillion in the mining sector. In the year 2014, Philippines was only the world’s 20th largest gold producer, producing about 40 tons. So an expansion of the gold mining sector within the country will most certainly cause a rise in global ranks, as it has one of the richest untapped deposits on Earth.

The Philippines Rich Untapped Gold Mining Areas