The correct answer is option 1, Australia. Australia is the largest producer of gold in the world. Australia has a long history of gold mining, and its gold production has consistently ranked it as the top producer globally. The country`s gold reserves are mainly concentrated in Western Australia, which is known for its rich gold deposits. Australia`s gold production is supported by a strong mining industry, advanced technology, and efficient mining practices. The country also has a well-developed infrastructure and favorable mining regulations, which contribute to its success in gold production. Canada, Russia, and South Africa are also significant producers of gold but are not the largest in the world.