Mineral Industry Surveys

U.S. Department of the Interior July 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 MAY 2007

U.S. mines produced 21,200 kilograms (kg) of gold in May, a 

10% increase compared with the revised April gold production 

of 19,300 kg, according to the U.S. Geological Survey. The

daily production rate of gold in May was 685 kg, 6% higher 

than the revised April average rate of 643 kg and 1% lower than

the 2006 annual average daily production rate of 690 kg. 

Engelhard Industries’ average gold price for May was $669.65

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

Nevada States2 Total

2006:p

May 15,400 4,240 19,600

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

Marchr 15,500 3,660 19,100

April 15,200 4,070 r 19,300 r

May 16,800 4,400 21,200

January-May 77,300 19,300 96,700

TABLE 1

(Kilograms)

2

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

South Dakota, Utah, and Washington.

MINE PRODUCTION OF RECOVERABLE GOLD IN THE UNITED STATES,

BY STATE1

p

Preliminary. rRevised. 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:

April:

Low/date 660.02/02

High/date 693.23/20

Average 681.05

May:

Low/date 654.41/30

High/date 691.02/7

Average 669.65

Year to date:

Low/date 610.08 Jan. 10

High/date 693.23 Apr. 20

Average 661.29

Handy and Harman:

2006, average 604.00

2007:

April 679.20

May 667.86

Year to date 659.55

London Final:

2006, average 604.33

2007:

April 679.37

May 666.86

Year to date 659.41

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:

February 7 4,950 6,020 11,000 3,630 55 2,800

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

April:

Brazil -- -- 154 154 -- -- 10,000 5

Canada 2 5 -- 7,540 7,550 258 5 -- --

Chile -- 1,730 400 2,130 -- -- --

Colombia -- 273 302 574 546 -- --

Dominican Republic -- 6 5 -- 6 825 5 1 5 --

Ecuador -- 247 -- 247 15 5 -- --

Germany -- -- -- -- 3 3 5 1,100 5

Guatemala 71 203 -- 274 14 5 -- --

Honduras -- 362 37 399 177 5 -- --

Japan -- -- -- -- 2 -- 1,680 5

Mexico -- 388 1,700 2,090 800 5 51 5 --

Nicaragua -- 145 13 158 32 5 -- --

Panama -- 30 -- 30 146 5 -- --

Peru -- 1,660 -- 1,660 -- -- --

United Kingdom -- -- 724 724 16 -- 1,250 5

Other 4 5 129 5 63 5 195 298 5 177 5 --

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

Year to date 20 15,600 27,300 42,900 11,500 248 13,100

Exports:

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

2007:

February 87 9,480 12,800 22,300 53,900 42 90,800

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

April:

Canada -- -- 4 4 15,100 5 -- 28,600 5

China -- -- -- -- -- -- 33,000 5

Dominican Republic 3 5 -- -- 3 -- -- 12,100 5

Germany -- -- 2 2 5,740 5 -- 480 5

India -- -- 1,490 1,490 -- -- 214 5

Ireland 3 5 -- 1 4 -- -- 784 5

Israel -- -- -- -- -- -- 2,570 5

Japan -- -- -- -- 42 1 569 5

Korea, Republic of 53 5 -- -- 53 -- 1 682 5

Mexico 39 5 -- 345 5 384 -- 1 7,490 5

New Zealand -- -- -- -- -- -- 651 5

Singapore -- -- -- -- -- -- 46,800 5

Switzerland 320 5 9,850 18,900 29,100 -- -- --

Taiwan -- -- -- -- -- -- 14,500 5

United Arab Emirates -- -- 1,480 1,480 -- -- --

United Kingdom 3 5 7 30,600 30,600 13,200 5 97 5 299 5

Other 32 5 -- 204 236 137 5 164 5 --

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

Year to date 975 30,800 76,700 108,000 201,000 389 392,000 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