Mineral Industry Surveys

U.S. Department of the Interior August 2007 

U.S. Geological Survey 

For information, contact: 

Micheal W. George, Gold Commodity Specialist 

U.S. Geological Survey

989 National Center 

Reston, VA 20192

Telephone: (703) 648-4962, Fax: (703) 648-7757

E-mail: mgeorge@usgs.gov 

Wanda G. Wooten (Data) 

Telephone: (703) 648-4980

Fax: (703) 648-7975

E-mail: wwooten@usgs.gov 

Internet: http://minerals.usgs.gov/minerals

GOLD IN JUNE 2007 

U.S. mines produced 19,600 kilograms (kg) of gold in June, 

an 8% decrease compared with the May gold production,

according to the U.S. Geological Survey. The daily production 

rate of gold in June was 654 kg, 5% lower than the May average

rate of 685 kg and 5% lower than the 2006 annual average daily 

production rate of 690 kg. For the first 6 months of 2007, gold

production was slightly lower than that of the same time period

in 2006. 

Engelhard Industries’ average gold price for June was $657.25

per troy ounce, 2% lower than the May average price.
Other

Nevada States2 Total

2006:p

June 15,600 4,170 19,800

July 15,300 4,320 19,600

August 15,500 4,030 19,600

September 16,800 3,850 20,600

October 19,200 3,880 23,100

November 19,900 3,340 23,300

December 24,200 3,650 27,900

January-December 206,000 45,000 252,000

2007:

January 15,000 3,440 18,400

February 14,800 3,740 18,600

March 15,500 3,660 19,100

April 15,200 4,070 19,300

May 16,800 4,400 21,200

June 15,500 4,120 19,600

January-June 92,900 23,400 116,000

TABLE 1

(Kilograms)

2

Includes Alaska, Arizona, California, Colorado, Idaho, Montana, New 

Mexico, South Dakota, and Utah.

MINE PRODUCTION OF RECOVERABLE GOLD IN THE UNITED 

STATES, BY STATE1

p

Preliminary. 

1

Data are rounded to no more than three significant digits; may not add to 

totals shown.

2
Engelhard Industries:

2006:

Low/date 526.29 Jan. 5

High/date 726.88 May 12

Average 605.83

2007:

May:

Low/date 654.41/30

High/date 691.02/7

Average 669.65

June:

Low/date 643.84/27

High/date 673.29/5

Average 657.25

Year to date:

Low/date 610.08 Jan. 10

High/date 693.23 Apr. 20

Average 660.61

Handy and Harman:

2006, average 604.00

2007:

May 667.86

June 655.40

Year to date 658.86

London Final:

2006, average 604.33

2007:

May 666.86

June 655.49

Year to date 658.75

TABLE 2

 GOLD PRICES

(Dollars per troy ounce)

Source: Platts Metals Week.

3
Waste Metal Gold

Ores and Doré and Refined and scrap powder compounds

Period and country concentrates2 precipitates bullion3 Total4 (gross weight) (gross weight) (gross weight)

Imports for consumption: 

2006 1,090 125,000 136,000 263,000 43,000 1,460 122,000

2007:

March 7 4,850 11,400 16,300 2,800 105 9,920

April 77 5,170 10,900 16,200 3,130 232 14,000

May:

Brazil -- -- 194 194 -- -- --

Canada -- 5 3,400 3,400 171 5 4 5 --

Chile -- 2,510 -- 2,510 -- -- --

Colombia -- 455 344 799 456 5 -- --

Costa Rica -- 95 5 -- 95 634 5 -- --

Dominican Republic -- -- -- -- 685 5 5 5 --

Ecuador -- 161 -- 161 47 5 -- --

Germany -- -- 39 39 1 5 4 5 2,200 5

Guatemala 73 -- -- 73 29 5 -- --

Honduras -- 343 -- 343 160 5 -- --

Mexico -- 729 995 1,720 601 5 64 5 --

Netherlands -- -- -- -- -- -- 4,120 5

New Zealand -- -- -- -- -- -- 664 5

Nicaragua -- 117 22 139 28 5 -- --

Panama -- 37 5 11 48 172 5 -- --

Peru -- 1,610 -- 1,610 -- -- --

Other 3 16 5 117 135 250 5 21 5 3 5

Total 76 6,080 5,120 11,300 3,230 98 6,990

Year to date 173 26,900 43,400 70,400 17,900 577 34,200

Exports:

2006 2,690 159,000 228,000 389,000 567,000 1,320 1,460,000

2007:

March 500 10,500 50,600 61,600 55,700 192 165,000

April 450 r 9,860 53,100 63,400 34,200 264 149,000

May:

Canada -- -- 13 13 14,000 5 -- 44,400 5

China -- -- 2 2 -- -- 33,900 5

Dominican Republic 22 5 -- -- 22 -- -- 9,690 5

Germany -- -- -- -- 303 -- 365 5

Ireland 6 5 -- -- 6 -- -- 694 5

Israel -- -- -- -- -- -- 369 5

Japan -- -- -- -- 35 -- 1,430 5

Mexico 29 5 -- 340 369 -- -- 7,980 5

Netherlands -- -- -- -- -- -- 610 5

Saudi Arabia -- -- 507 507 -- -- --

Singapore -- -- -- -- -- -- 14,500 5

Switzerland -- 9,310 16,600 26,000 -- -- --

Taiwan -- -- -- -- -- -- 8,080 5

United Arab Emirates 2 5 -- 101 103 -- -- --

United Kingdom 2 5 -- 20,700 20,700 15,100 5 342 5 --

Other 165 5 -- 49 214 69 5 36 5 --

Total 226 9,310 38,400 47,900 29,500 378 122,000

Year to date 1,650 50,000 168,000 220,000 264,000 1,030 663,000 r

Revised. -- Zero.

1

Data are rounded to no more than three significant digits; may not add to totals shown. 2

Includes gold content of base metal ores, concentrates, and matte imported for refining. 3

Bullion also moves in both directions between U.S. markets and foreign stocks on deposit in the Federal Reserve Bank. Monetary gold excluded. 4

"Waste and scrap," "Metal powder," and "Gold compounds" not included in "Total." 5

All or part of these data have been referred to the U.S. Census Bureau for verification.

Source: U.S. Census Bureau.

TABLE 3

 U.S. IMPORTS AND EXPORTS OF GOLD1

(Kilograms of gold content, unless otherwise specified)

4