Gold—2004	 32.

Gold

By Micheal W. George

Domestic survey data and tables were prepared by Mahbood Mahdavi and Wanda G. Wooten, statistical assistants. The 

world production table was prepared by Regina R. Coleman, international data coordinator.

COMEX Gold Trust, NewGold Gold Debentures listed on the

Johannesburg [South Africa] Stock Exchange, and streetTRACKS

gold shares, listed on the New York [NY] Stock Exchange. 

The first ETF in the United States was streetTRACKS which

was listed on November 18. By yearend, the holdings were 95

kg. Gold ETFs are essentially paper gold products, with each

share representing a physical allotment of gold that is held in

trust. Gold ETFs follow the gold prices, with a fee structure to

cover administrative and storage costs. ETFs provided an easily

accessible investment (Klapwijk and others, 2005, p. 26).

Total world mine production of gold was about 5% lower

than that of 2003. South Africa decreased its annual output

for the second year in a row because of higher costs and lower

rand gold prices; however, South Africa remained the leading

producer among more than 80 gold-mining nations, followed by

Australia, the United States, China, and Peru (table 8).

It is estimated that about 15% of all gold mined was employed

in dissipative industrial uses or was unaccounted for or

unrecoverable (Thomas and Boyle, 1986, p. 6). Therefore, of an

estimated 149 million kilograms (Mkg) of gold mined in historic

times through 2004, 127 Mkg of gold remain in circulation, with

about 29 Mkg held by central banks as official stocks and about

98 Mkg held privately as bullion, coin, and jewelry.

Production

In this report, domestic lode mine production data for gold

were derived by the U.S. Geological Survey from two separate

voluntary surveys of U.S. operations—one for monthly

production of copper, gold, lead, silver, and zinc from lode

mines and the other for production data surveyed annually. 

In 2004, four respondents reported that their mines closed. 

Individual company production and performance data listed

in table 3 and cited elsewhere in this report were obtained

from published sources, such as company annual reports. For

purposes of ranking in this report, Newmont Gold Company’s

eastern Nevada mines are treated as a single operation.

Alaska.—The State’s Division of Geology and Geophysical

Surveys reported that gold output decreased to 14,100 kg

(455,000 troy ounces) worth $186 million in 2004 from 16,400 kg

(528,000 troy ounces) worth $191 million in 2003, or a decrease

in production of about 14% and a decrease in value of more than

3%. Placer production, which is included in the numbers above,

rose to 767 kg (24,700 troy ounces) from 700 kg (22,500 troy

ounces) of gold (Szumigala and Hughes, 2005, p. 13).

The underground Fort Knox gold mine operated by Kinross

Fairbanks Gold Mining Incorporated near Fairbanks began to

produce gold in 1997. Kinross reported that the mine produced

about 10,500 kg (338,000 troy ounces) of gold in 2004,

making it the country’s eighth ranked gold producer (Kinross

In 2004, domestic mine production of gold fell to 258,000

kilograms (kg), its lowest level since 1988 (table 2). The

continuing trend toward consolidation among the major gold

companies and higher costs were the primary causes of the 7%

decline from the 2003 production level. Although gold output

fell by 19,000 kilograms per year (kg/yr), the value of U.S. gold

production increased to about $3.4 billion in 2004. Stronger

global gold prices and the weakening of the U.S. dollar resulted

in an increase in gold value for 2004. The United States remained

the world’s third ranked gold producer, behind South Africa

and Australia. Nevada accounted for almost 84% of domestic

production in 2004. The remaining output came from Alaska,

Arizona, California, Colorado, Montana, New Mexico, South

Dakota, Utah, and Washington. Gold was produced at lode

mines, about a dozen large placer mines in Alaska, and numerous

small placer mines, mostly in Alaska and the Western States. In

addition, a small amount of domestic gold was produced as a

byproduct of processing base metals, principally copper. In the

United States, 30 mines yielded 99% of gold produced.

Domestic gold exploration budgets almost doubled to $204

million in 2004 from $113.6 million in 2003, on a total dollar

basis, because of rising gold prices. Worldwide gold exploration

expenditures rose by 68% compared with those of 2003 to

$1.8 billion and represented 50% of the worldwide exploration

budget for all minerals (Lowery and others, 2004a, b).

Commercial-grade refined gold came from about two dozen

domestic producers. Of several thousand companies and artisans,

a few dozen companies dominated the fabrication of gold into

commercial products. U.S. jewelry manufacturing was heavily

concentrated in the New York City, NY, and Providence, RI,

areas, with other manufacturers in California, Florida, and Texas. 

In 2004, the estimated end uses of gold were jewelry and arts,

85%; dental and other, 9%; and electrical and electronics, 6%.

Trade in refined bullion comprised 49% of U.S. gold imports

and 44% of exports; the United States was a net importer of

bullion at 25,100 kg in 2004. Canada provided almost 71%

of the refined bullion imported, and Switzerland was the

destination for more than 28% of the refined bullion exported

(tables 4, 6).

The dollar price for gold rose throughout 2004, with the

average price 13% above the average gold price in 2003. 

Engelhard Corp.’s daily price of gold ranged from a low of

nearly $373 per troy ounce on May 10 to a high of about $456

per troy ounce on December 2. The average for 2004 was, to

the nearest dollar, $411 per troy ounce. The previous year’s

price ranged from about $321 to $481 per troy ounce and

averaged $365 per troy ounce.

In 2004, there were five gold exchange traded funds

(ETFs)—the two Gold Bullion Securities listed on the Australian

and London [United Kingdom] Stock Exchanges, iShares
32. u.s. geologicAl survey minerals yearbook—2004

Gold Corporation, 2005, p. 22). The Greens Creek Mine on

Admiralty Island near Juneau completed its eighth year at full

production. Ore from the underground trackless mine was

milled at the mine site. The smelter produced gold and silver

dore, lead, zinc, and bulk concentrates. Hecla Mining Company

reported that the mine produced 2,680 kg (86,200 troy ounces)

of gold. Greens Creek is a joint venture between Kennecott

Greens Creek Mining Co. (70.27%) and Hecla Mining Company

(29.73%) (Hecla Mining Company, 2005, p. 6).

Coeur d’Alene Mines Corp. (Coeur d’Alene, ID), the world’s

leading silver producer, announced that it had received the

final supplemental environmental impact statement and record

of decision from the U.S. Forest Service for the Kensington

gold project, located 72 kilometers (km) north of Juneau, AK. 

Construction was planned to start in March 2005. The 3,100-kg/

yr (1,000,000-troy-ounce-per-year) mine would have a potential

10- to 15-year life span. The new mine would increase Coeur

d’Alene’s gold production by about 76% compared with their

current production rates (Northern Miner, 2005b).

In 2004, there were 15 exploration projects that had a budget

of $1 million or greater. The Pebble property near Iliamma

(owned by Northern Dynasty Minerals Ltd.) was estimated to

have 824,000 kg (26.5 million troy ounces) of gold resources

(Szumigala and Hughes, 2005, p. 2-3).

California.—Gold production in California decreased by

more than 24% in 2004, as shown in table 2. California had

four gold producing mines in 2004. In 2004, these were, in

decreasing order of gold production, Canyon Resources Corp.’s

Briggs Mine; Western Gold Fields Inc.’s Mesquite Mine; Glamis

Rand Mining Co.’s Rand Mine; and Quest Capital Corp.’s and

MK Resources Co.’s joint venture Castle Mountain Mine. These

mines had ceased operations but were still processing stockpiled

ore and mine waste in 2004. The Briggs Mine produced 923

kg (29,700 troy ounces) of gold in 2004; it ceased operation

in April 2004. The Mesquite Mine ceased operation in May

2001, but Western Mining Corp. planned to restart in late 2005. 

The Rand Mine ceased mining in January 2003 and moved the

mining equipment to another company’s mine in Nevada. It

was expected to have completed heap-leaching recovery of

gold in early 2005. The Castle Mountain Mine was undergoing

reclamation activities. Other operations produced gold as a

secondary product in 2004, mainly from alluvial sand and gravel

mines; several small underground mines produced specimen

gold products (Kohler, 2005).

Colorado.—The Nation’s ninth ranked gold mine, the Cresson

Mine in the Cripple Creek District of Teller County, reported

that its open pit mining operation produced 10,200 kg (329,000

troy ounces) of gold in 2004, up by 16% compared with that of

2003 (AngloGold Ashanti, 2005, p. 46). LKA International’s

Golden Wonder Mine in the San Juan Mountains produced 445

kg (14,300 troy ounces) of gold in 2004. The small, high-grade

underground mine near Lake City began its operations in 1998. 

Calais Resources Ltd. continued its exploratory drilling program

at its Consolidated Caribou project and estimated the resources

to be 13,600 kg (437,000 troy ounces) of gold and 391,000

kg (12.6 million troy ounces) of silver. The project is located

within the northeast-trending Colorado Mineral Belt (Keller and

others, 2005).

Idaho.—Although Idaho had no gold production in 2004,

several new mines were in various stages of development. New

Jersey Mining Company (Kellogg, ID) had no less than six

projects in development in 2004. Many of these were silver or

gold-silver deposits in the Coeur d’Alene region in northern

Idaho. Aside from New Jersey Mining, there were eight other

companies with gold projects in early development stages in

2004 (Gillerman and others, 2005).

Montana.—Apollo Gold, Inc.’s Montana Tunnels Mine

near Helena was Montana’s leading gold-producing mine with

production of 1,050 kg (33,700 troy ounces) of gold in 2004. 

Production at Placer Dome’s Golden Sunlight was suspended

in December 2003 and recommenced at the end of 2004

(McCulloch, 2005).

Montana voters rejected a ballot that would have repealed

the State’s ban on cyanide use in the processing of gold and

silver at newly mined deposits. Voters were more emphatic in

not rejecting the ban (59% to 41%) than they were in passing

the original ban in 1998. The MacDonald and Seven Up

Pete projects are deposits that could be mined if the ban was

repealed; they were reported to contain 426,000 kg (13.7 million

troy ounces) of gold and 2.59 million kg (83.4 million troy

ounces) of silver (American Metal Market, 2004).

Nevada.—Though gold production fell to 216,000 kg (6.9

million troy ounces), Nevada maintained its longstanding

position as the Nation’s dominant gold-producing State and

trailed only South Africa and Australia when compared with

world production figures in 2004. Of the Nation’s top 30 goldproducing mines, more than one-half were located in Nevada.

Newmont Gold Company produced 73,900 kg (2.38

million troy ounces) of gold from 12 open pit operations and

5 underground mines in Elko, Eureka, Humboldt, and Lander

Counties (Driesner and Coyner, 2005, p. 5-12). The Leeville

underground mine was expected to begin operating in late 2005,

and the Phoenix Project was expected to begin production in

mid-2006 (Newmont Gold Company, 2005, p. 13).

Barrick Gold Corporation, sole owner of Barrick Goldstrike

Mines, Inc., was the Nation’s second ranked gold mining

company in 2004 and reported recovering 43,000 kg (1.38 million

troy ounces) of gold at its Betze-Post Mine in Eureka County. In

nearby Elko County, Barrick continued the development of its

Meikle Mine, the Nation’s top producing underground gold mine,

which produced 17,500 kg (561,000 troy ounces) of gold (Barrick

Gold Corporation, 2005, p. 22). The mine had an underground

cooling system to keep temperatures about 27° C (80° F), even

though the temperature of the surrounding rock could be as much

as 60° C (140° F) (Gold News, 1998). Betze-Post and Meikle

are operations on the Carlin Trend that were developed within a

2,800-hectare landholding known as the Goldstrike property.

Northwest of Elko in Humboldt County, Queenstake

Resources USA, Inc. (Canada) produced 7,570 kg (243,000 troy

ounces) of gold at its Jerritt Canyon Mine, the Nation’s eleventh

ranked gold mine (Queenstake Resources Ltd., 2005, p. 24). 

Other gold mines in Humboldt County included the Hycroft,

Lone Tree, Marigold, and the Turquoise Ridge Mines.

South of and parallel to the Carlin Trend, the Battle

Mountain/Eureka Trend runs from southeastern Humboldt

County southeast through Lander and Eureka Counties. Gold
Gold—2004	 32.

mining operations along this trend in Lander County include

the McCoy/Cove gold and silver mine, which ceased mining

in March 2003, but still produced 264 kg (8,450 troy ounces)

of gold in 2004. The country’s third ranked gold mine, the

Cortez Mine, owned by Placer Dome Inc. (60%) and Kennecott

Minerals Company (40%), produced 32,700 kg (1.05 million

troy ounces) (Placer Dome Inc., 2005, p. 19, 36).

The Round Mountain Mine, owned by Kinross Gold

Corporation (50%) and Barrick (50%), located about 95 km

north of Tonopah, produced about 23,700 kg (763,000 troy

ounces) of gold during the year (Barrick Gold Corporation,

2005, p. 22). Round Mountain Mine was the fourth ranked U.S.

gold producer.

Exploration continued to increase in the State as companies

searched for high-grade veins in and around old districts. More

than 28,800 new mining claims were recorded in 2004, a 63%

increase compared with that of 2003 (Tingley and Castor, 2005).

The Standard gold mine near Winnemucca, NV, the first mine

to open in the State since 1998, poured its first gold-silver dore

bar. Apollo Gold Corporation (Greenwood Village, CO), which

owned the Standard gold mine, expected the mine to produce

about 1,200 kg (40,000 troy ounces) of gold in 2005 and

eventually produce 3,100 kg/yr (100,000 troy ounces per year)

of gold (Northern Miner, 2005a; Platts Metals Week, 2005).

South Dakota.—Goldcorp Inc. owned and Wharf Resources

Inc. operated the Wharf open pit gold mine, near Lead, which

produced about 2,370 kg (76,100 troy ounces) of gold (Goldcorp

Inc., 2005, p. 2).

Utah.—Rio Tinto Ltd.’s Bingham Canyon Mine, which was

operated by the Kennecott Utah Copper Corp., produced about

9,580 kg (308,000 troy ounces) of gold as a byproduct of its

copper mining operations near Salt Lake City. Long ranked as

one of the Nation’s principal gold producing mines, Bingham

Canyon was the tenth ranked gold producer in 2004. Kennecott

also operated the nearby Barney’s Canyon Mine, an open pit

and heap-leaching operation that produced 684 kg (22,000 troy

ounces) of gold (Rio Tinto Ltd., 2005, p. 10).

Washington.—Kinross Gold acquired Kettle River, located

in the State of Washington, in the acquisition of Echo Bay on

January 31, 2003. At the time of acquisition, the mine was shut

down; however, the company recommenced operations in late

2003, and during 2004, production was 3,010 kg (96,800 troy

ounces) of gold equivalent production. Gold equivalence is the

gold and silver production converted to gold production using

the current ratio of silver-gold prices (Kinross Gold Corporation,

2005, p. 22).

World Review

World gold mine production in 2004 was 5% lower than

that in 2003. In 2004, output by the top three gold producing

countries decreased by about 76,300 kg, which represented more

than 65% of the decrease in world mine production. Australia,

Canada, Colombia, Indonesia, South Africa, and the United States

each dropped approximately 10,000 kg of gold production in

2004. Mine closures, inclement weather, lower ore grades, and

operational difficulties adversely affected output in many gold

producing countries. According to its annual review of world

gold supply and demand, Gold Fields Mineral Services Limited

(GFMS) calculated that the total global supply of gold in 2004

was 3,850 metric tons (t) compared with the previous year’s

total supply of 4,150 t (Klapwijk and others, 2005, p. 9). GFMS

also reported decreases in official sector sales (22.5%) and mine

production (5%), no net producer hedging, and 81,000 kg implied

net disinvestment for sales of bars and coins by private investors. 

Old gold scrap levels decreased for the first time since 1999, by

more than 12% in 2004, after 4 consecutive years of increase.

On the consumption side, GFMS reported that total

fabrication, including the use of scrap, was 170,000 kg more

than its 2003 level. Jewelry fabrication increased by 129,000 kg

owing to higher demand, particularly in India but also in East

Asia and Turkey. Bar hoarding increased sharply, by almost

38%, largely as a result of higher bar demand, particularly

in India, Japan, and Thailand. Coin fabrication was up by

about 7%, a 5-year high, largely owing to a rise in coin sales

in Canada and the United States. The amount of gold used in

electronics rose by almost 11% in 2004, which reflected a strong

growth across all electronic applications in Japan and the United

States (Klapwijk and others, 2005, p. 10-11).

With regard to gold exploration, the Metals Economics

Group, Halifax, Nova Scotia, Canada, determined from its

annual survey of worldwide exploration budgets of 1,138

companies that $1,768.9 billion (50%) of the 2004 world

exploration budget total for nonferrous metals was directed to

gold. The expenditures for gold were up 68% but still below the

1997 peak, when the gold exploration budget reached nearly $3

billion. As in the preceding 10 years, Latin America received

the highest expenditure for gold followed by Canada (Lowery

and others, 2004a, b).

Canada.—Canada was seventh in the ranking of world gold

producers, as its output dropped by more than 9% to 129,000 kg

(table 8).

A friendly merger between Goldcorp Inc. (Toronto, Ontario,

Canada) and Wheaton River Minerals Ltd. (Vancouver, British

Columbia, Canada) was announced on December 5. Goldcorp

offered Wheaton shareholders one share of Goldcorp for every

four shares of Wheaton River. The new company was expected

to become the fifth ranked and the lowest-cost gold producer

in North America, with an anticipated gold production of more

than 34,000 kg (1.1 million troy ounces) in 2005 and proven

and probable reserves of about 327,000 kg (10.5 million troy

ounces) (Whyte and Cummings, 2004; Mining Journal, 2005).

China.—China produced an estimated 215,000 kg of gold in

2004, up by 5% from the 205,000 kg of gold produced in 2003,

making China the world’s fourth ranked gold producer (table 8).

Indonesia.—Gold output decreased to about 93,000 kg in

2004. Most of the gold came as a byproduct of copper mining

at the Grasberg Mine, which produced more than 51% of

Indonesia’s gold. Grasberg, once the world’s leading goldproducing mine, yielded 47,800 kg, a 51% drop compared with

production in 2003. The significant decrease in gold production

from the Grasberg Mine was caused by a landslide in October

2003; however, normal operations were resumed in June 2004

(Klapwijk and others, 2005, p. 44).

Russia.—For the first time, Mining and Metallurgical Company

Norilsk Nickel (Moscow, Russia) reported estimates of its proven
32. u.s. geologicAl survey minerals yearbook—2004

and probable gold reserves. As of December 31, 2004, the

reported reserves held by Norilsk were 90,000 kg (2.89 million

troy ounces) of gold, excluding the assets held by its wholly

owned gold subsidiary Polus Gold Mining Company, which

reported gold reserves of 414,000 kg (13.3 million troy ounces). 

In 2004, Norilsk’s production, including that for Polus, rose by

about 26% to 33,700 kg (1.09 million troy ounces) (Mining and

Metallurgical Company Norilsk Nickel, 2005, p. 6, 37, 60).

Outlook

Worldwide consolidation will continue in the gold industry

as gold producers seek to secure their assets, cut costs, and

exploit gold’s higher prices. The U.S. gold industry, which had

been closing its gold mines (4 in 2004, 4 in 2003, 9 in 2002,

11 in 2001, 12 in 2000, and 10 in 1999), was also expected

to continue to consolidate. Old mines have been reopened,

however, and new mines are expected to be commissioned. 

World exploration spending for new gold resources is expected

to continue to increase after several consecutive years of

decreases, with most of the development taking place in Latin

American countries.

References Cited

American Metal Market, 2004, Montana maintains ban on cyanide mining: 

American Metal Market, v. 112, no. 44-4, November 4, p. 6.

AngloGold Ashanti, 2005, Annual report—2004: Johannesburg, South Africa,

AngloGold Ashanti, 191 p.

Barrick Gold Corporation, 2005, Annual report—2004: Toronto, Ontario,

Canada, Barrick Gold Corporation, 140 p.

Driesner, Doug, and Coyner, Alan, 2005, Major mines of Nevada 2004: Reno,

NV, Nevada Bureau of Mines and Geology Special Publication P-16, 28 p.

Gillerman, V.S., Bennett, E.H., and Weaver, M.J., 2005, Idaho: Mining

Engineering, v. 57, no. 5, May, p. 78-83.

Gold News, 1998, Gold snapshot—Underground mines are growing trend: Gold

News, no. 6, November-December, p. 2.

Goldcorp Inc., 2005, Annual report—2004: Toronto, Ontario, Canada, Goldcorp

Inc., 40 p.

Hecla Mining Company, 2005, Annual report—2004: Coeur d’Alene, ID, Hecla

Mining Company, 116 p.

Keller, J.W., Carroll, C.J., and Widmann, B.L., 2005, Colorado: Mining

Engineering, v. 57, no. 5, May, p. 72-78.

Kinross Gold Corporation, 2005, Management’s discussion and analysis for the

year ended December 31, 2004: Toronto, Ontario, Canada, Kinross Gold

Corporation, November 18, 108 p.

Klapwijk, Phillip, Walker, Paul, Ryan, Peter, Newman, Phillip, Alway, Bruce,

Meader, Neil, Spenser, Tim, Kavalis, Nikos, Han, Veronica, Sanjiv, Arole,

and Tankard, William, 2005, Gold survey 2005: London, United Kingdom,

Gold Fields Mineral Services Limited, April, 121 p.

Kohler, Susan, 2005, California: Mining Engineering, v. 57, no. 5, May, p. 69-72.

Lowrey, Jim, Bearmish, Marilyn, Hadley, John, Slaunwhite, Janice, and Selva,

Sandra, 2004a, Overview of worldwide exploration budgets—Targets and

stages of devolopment: Metals Economics Group Strategic Report, v. 17,

no. 6, November-December, p. 7-11.

Lowrey, Jim, Bearmish, Marilyn, Hadley, John, Slaunwhite, Janice, and Selva,

Sandra, 2004b, Overview of worldwide exploration budgets—Trends

and locations: Metals Economics Group Strategic Report, v. 17, no. 6,

November-December, p. 1-6.

McCulloch, R.B., 2005, Montana: Mining Engineering, v. 57, no. 5, May, p. 99-102.

Mining and Metallurgical Company Norilsk Nickel, 2005, Annual report—2004:

Moscow, Russia, Mining and Metallurgical Company Norilsk Nickel, 108 p.

Mining Journal, 2005, Wheaton River, Goldcorp sign final merger terms: 

Mining Journal, January 7, p. 12.

Newmont Gold Company, 2005, Annual report—2004: Denver, CO, Newmont

Gold Company, 38 p.

Northern Miner, 2005a, Apollo pours gold at Standard: Northern Miner, v. 91,

no. 45, January 7-13, p. 3.

Northern Miner, 2005b, Way cleared for Kensington: Northern Miner, v. 91,

no. 45, January 7-13, p. 3.

Placer Dome Inc., 2005, Annual report—2004: Vancouver, British Columbia,

Canada, Placer Dome Inc., 96 p.

Platts Metals Week, 2005, Standard gold mine pours its first dore bar: Platts

Metals Week, v. 76, no. 1, January 3, p. 11.

Queenstake Resources Ltd., 2005, Annual report—2004: Denver, CO,

Queenstake Resources Ltd., 60 p.

Rio Tinto Ltd., 2005, Fourth quarter 2004 operations review: London, United

Kingdom, Rio Tinto Ltd. press release, January 19, 23 p.

Szumigala, D.J., and Hughes, R.A., 2005, Alaska’s mineral industry 2004: 

Alaska Division of Geology and Geophysics Surveys Information Circular

51, March, 18 p.

Thomas, P.R., and Boyle, E.H., Jr., 1986, Gold availability appraisal: U.S.

Bureau of Mines Information Circular 9070, 87 p.

Tingley, J.V., and Castor, S.B., 2005, Nevada: Mining Engineering, v. 57, no. 5,

May, p. 102-104.

Whyte, James, and Cummings, John, 2004, Goldcorp, Wheaton forge million oz.

producers: Northern Miner, v. 90, no. 42, December 10-16, p. 1, 15.

General Sources of Information

U.S. Geological Survey Publications

Contributions to the Gold Metallogeny of Northern Nevada. 

Open-File Report 98-338, 1999.

Geologic and Grade-Tonnage Information on Tertiary

Epithermal Precious- and Base-Metal Vein Districts

Associated with Volcanic Rocks. Bulletin 1666, 1986.

Geologic Characteristics of Sediment- and Volcanic-Hosted

Disseminated Gold Deposits—Search for an Occurrence

Model. Bulletin 1646, 1985.

Geology and Resources of Gold in the United States. Bulletin

1857, 1998.	

Gold. Ch. in Flow Studies for Recycling Metal Commodities in

the United States. Circular 1196–A—M.

Gold. Ch. in Mineral Commodity Summaries, annual.

Gold. Ch. in United States Mineral Resources. Professional

Paper 820, 1973.

Gold. Mineral Industry Surveys, monthly.

Principal Gold Producing Districts of the United States. 

Professional Paper 610, 1968.

Principles of a Resource/Reserve Classification for Minerals. 

Circular 831, 1980.

Other

American Metal Market, daily.

Canadian Mines Handbook 2001-02.

Engineering and Mining Journal, monthly.

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Bulletin 675, 1985.

Jewelers’ Circular-Keystone, monthly.

Mining Journal, biweekly.

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Platts Metals Week, weekly.

Randol Mining Directory 1999.

World Gold—A Minerals Availability Appraisal. U.S. Bureau

of Mines Special Publication 24 94, 1994.
Gold—2004	 32.

TABLE 1

SALIENT GOLD STATISTICS1

2000 2001 2002 2003 2004

United States:

Mine production:

Quantity kilograms 353,000 335,000 298,000 277,000 258,000

Value thousands $3,180,000 $2,940,000 $2,980,000 $3,250,000 $3,400,000

Gold recovered by cyanidation:

Extracted in vats, tanks, closed containers

2 kilograms 142,000 117,000 99,600 89,000 9,940

Leached in op p 3 en hea s or dumps do. 194,000 195,000 177,000 174,000 234,000

Refinery production:

Concentrates and dore do. 197,000 191,000 196,000 194,000 r 222,000

Recycled materials (new and old scrap) do. 81,600 82,700 78,100 89,100 r 91,700

Exports, refined do. 440,000 395,000 185,000 220,000 114,000

Imports for consumption, refined do. 184,000 161,000 172,000 152,000 139,000

Net deliveries from foreign stocks in Federal Reserve Bank of

New York do. 356,000 259,000 40,000 55,000 r 3,000

Stocks, December 31:

Industry

4 do. 9,300 3,670 3,490 3,590 r 1,080

Gold exchange traded funds holdings, United States only do. -- -- -- -- 95

Commodity g ( )

5 Exchan e Comex do. 52,900 38,000 63,900 97,100 180,000

U.S. Department of the Treasury metric tons 8,140 8,120 8,140 8,140 8,140

U.S. Gold Futures Trading e

6 , volum do. 20,600 21,100 28,000 38,000 46,500

U.S. Department of the Treasury:

7

American Eagle gold coin kilograms 13,900 10,700 12,500 16,200 15,100

Other numismatic gold coins do. 330 250 370 422 16

Consumption in industry and the arts do. 183,000 179,000 163,000 183,000 r 185,000

A d

8 pparent demand, refine do. 337,000 257,000 267,000 r 224,000 r 295,000

Price, average

9 dollars per troy ounce 280.10 272.22 311.33 364.80 410.52

Emplo ment, mine and mill onl y y

10 10,400 9,500 7,600 7,300 7,550

World:

Production, mine kilograms 2,570,000 r 2,560,000 r 2,550,000 r 2,550,000 e 2,430,000 e

Official bullion reserves11 metric tons 33,000 33,000 32,200 31,800 31,400 e

Estimated. rRevised. -- Zero. 1

Data are rounded to no more than three significant digits, except prices.

2

May include small quantities recovered by gravity methods.

3

May include tailings, waste-ore dumps, and previously mined ore at some inactive mines.

4

Unfabricated refined gold held by refiners, fabricators, dealers, and the U.S. Department of Defense.

5

Commodity Exchange (Comex) Division of the New York Mercantile Exchange.

6

Comex only.

7

Fiscal year bullion disbursements to U.S. Mint coin programs. Fiscal year begins October 1, of year prior to year indicated.

8

Defined as refinery production from primary materials plus refinery production from old scrap plus net bullion flow to market from foreign stocks at

the Federal Reserve Bank of New York plus net imports of bullion. Assumed to include gold held for investment purposes. Excludes gold contained

in fabricated items, imported coins, and official monetary gold.

9

Engelhard Corp. industries quotation.

10Data from the Mine Safety and Health Administration.

11Held by central banks, governments, and international monetary organizations. Data from the International Monetary Fund.
32. u.s. geologicAl survey minerals yearbook—2004

TABLE 2

MINE PRODUCTION OF GOLD IN THE UNITED STATES, BY STATE1

(Kilograms)

State 2003 2004

California 4,270 3,260

Nevada 227,000 216,000

Other States2 45,700 38,800

Total 277,000 258,000 1

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

2

Includes Alaska, Arizona, Colorado, Idaho, Montana, New Mexico, South Dakota, 

Utah, and Washington.

TABLE 3

LEADING GOLD-PRODUCING MINES IN THE UNITED STATES IN 2004, IN ORDER OF OUTPUT1

Quantity

Rank Mine County and State Operator (kilograms)

1 Betze-Post Eureka, NV Barrick Goldstrike Mines, Inc. 43,000

2 Eastern Nevada operations do. Newmont Mining Corp. 35,200

3 Cortez Lander, NV Placer Dome U.S. Inc. 32,700

4 Round Mountain Nye, NV Round Mountain Gold Corp. 23,700

5 Meikle Elko, NV Barrick Goldstrike Mines, Inc. 17,500

6 Lone Tree Humboldt, NV Newmont Mining Corp. 15,500

7 Twin Creeks do. do. 11,000

8 Fort Knox2 Fairbanks, AK Kinross Fairbanks Gold Mining Incorporated 10,500

9 Cresson Teller, CO Cripple Creek & Victor Gold Mining Co. 10,200

10 Bingham Canyon

3 Salt Lake, UT Kennecott Utah Copper Corp. 9,580

11 Jerritt Canyon Elko, NV Queenstake Resources USA, Inc. 7,570

12 Midas do. Newmont Mining Corp. 6,840

13 Turquoise Ridge Humboldt, NV Placer Dome U.S. Inc. 5,060

14 Capstone Elko, NV Newmont Mining Corp. 4,810

15 Marigold Humboldt, NV Glamis Gold Inc. 4,400

16 Kettle River Ferry, WA Kinross Gold Corporation 3,010

17 Greens Creek Juneau, AK Kennecott Greens Creek Mining Co. 2,680

18 Wharf Lawrence, SD Wharf Resources, Inc. 2,370

19 Florida Canyon and Standard

4 Pershing, NV Apollo Gold, Corp. 2,270

20 Rochester do. Coeur Rochester, Inc. 2,160

21 Denton-Rawhide Mineral, NV Kennecott Rawhide Mining Co. 1,510

22 Bald Mountain White Pine, NV Placer Dome U.S. Inc. 1,450

23 Montana Tunnels Jefferson, MT Apollo Gold, Corp. 1,050

24 Briggs Inyo, CA Canyon Resources Corp. 923

25 Mesquite Imperial, CA Western Goldfields, Inc. 852

26 Barney's Canyon Salt Lake, UT Kennecott Barney's Canyon Mining Co. 684

27 Golden Wonder Hinsdale, CO LKA International 445

28 Rand Kern, CA Glamis Rand Mining Company 405

29 Robinson White Pine, NV Robinson Nevada Mining Company 380

30 Castle Mountain San Bernardino, CA MK Resources Company/Quest Capital Corporation 264 1

Data are rounded to no more than three significant digits; the mines on this list accounted for more than 99% of U.S. mine production in 

2004.

2

Mine production refers to gold equivalent produced.

3

Mine production refers to total quantity of gold produced in concentrates.

4

Formerly Florida Canyon.

Sources: Company annual reports, company 10-K reports submitted to the Securities and Exchange Commission, company news 

releases, and Nevada Bureau of Mines and Geology.
Gold—2004	 32.

TABLE 4

U.S. EXPORTS OF GOLD, BY COUNTRY1, 2

Ores and concentrates3 Dore and precipitates Refined bullion4 Total

Quantity Value Quantity Value Quantity Value Quantity Value

 Year and country (kilograms) (thousands) (kilograms) (thousands) (kilograms) (thousands) (kilograms) (thousands)

2003 826 $7,870 131,000 $1,550,000 220,000 $2,500,000 352,000 $4,050,000

2004:

Argentina -- -- -- -- 3,420 42,700 3,420 42,700

Armenia -- -- -- -- 178 2,310 178 2,310

Australia 1 11 -- -- 5,250 72,400 5,250 72,400

Austria -- -- -- -- 1 10 1 10

Belgium 12 117 -- -- -- -- 12 117

Bolivia -- -- -- -- 44 580 44 580

Canada 7 85 6 60 18,000 247,000 18,100 247,000

Cayman Islands -- -- -- -- 1 11 1 11

China -- -- -- -- 45 461 45 461

Congo (Brazzaville) -- -- -- -- 265 3,890 265 3,890

Costa Rica -- -- -- -- 185 2,400 185 2,400

Czech Republic 2 6 -- -- -- -- 2 6

Dominican Republic 899 7,810 -- -- 1 11 900 7,830

El Salvador -- -- -- -- 3 46 3 46

Germany 4 42 69 889 3 50 77 981

Guatemala -- -- -- -- 751 10,100 751 10,100

Hong Kong 6 65 -- -- 24 277 30 341

Hungary 2 8 -- -- -- -- 2 8

India -- -- -- -- 10 130 10 130

Indonesia -- -- -- -- 52 683 52 683

Israel -- -- -- -- 710 9,410 710 9,410

Italy -- -- -- -- 47 556 47 556

Japan 2 15 2 23 507 6,320 511 6,350

Korea, Republic of 2 14 -- -- 10 140 12 154

Lithuania -- -- 1 5 -- -- 1 5

Malaysia -- -- -- -- 584 6,980 584 6,980

Mexico 66 484 2 26 12,400 156,000 12,500 156,000

Monaco -- -- -- -- 1 16 1 16

Netherlands 2 9 -- -- -- -- 2 9

Oman -- -- -- -- 16 211 16 211

Pakistan -- -- -- -- 46 581 46 581

Peru -- -- -- -- 8 93 8 93

Philippines 1 7 -- -- -- -- 1 7

Saint Lucia -- -- -- -- (5) 6 (5) 6

Saudi Arabia -- -- -- -- 8 110 8 110

Singapore -- -- -- -- 1,970 25,300 1,970 25,300

South Africa -- -- -- -- 14 137 14 137

Switzerland 122 1,300 142,000 1,860,000 32,200 426,000 174,000 2,280,000

Taiwan -- -- -- -- 6 70 6 70

Thailand -- -- -- -- 23 261 23 261

Trinidad and Tobago 2 11 -- -- 6 41 8 51

Turkey -- -- -- -- 71 854 71 854

United Arab Emirates -- -- -- -- 7,910 100,000 7,910 100,000

United Kingdom 17 169 89 597 29,200 386,000 29,300 387,000

Venezuela -- -- -- -- 3 40 3 40

Vietnam 2 24 -- -- 145 1,800 147 1,830

Total 1,150 10,200 142,000 1,860,000 114,000 1,500,000 257,000 3,370,000

-- Zero.

1

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

2

Ash and residues data were zero for listed years.

3

Includes base-metal ores, concentrates, and matte destined for refining.

4

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

5

Less than 1⁄2 unit.

Source: U.S. Census Bureau.
32. u.s. geologicAl survey minerals yearbook—2004

TABLE 5

U.S. EXPORTS OF GOLD, BY COUNTRY1

Waste and scrap Metal powder Gold compounds

Quantity Value Quantity Value Quantity Value

 Year and country (kilograms) (thousands) (kilograms) (thousands) (kilograms) (thousands)

2003 159,000 $559,000 874 $9,590 565,000 $10,600

2004:

Armenia -- -- 133 1,750 -- --

Australia -- -- 1 11 2,270 54

Austria 7 93 -- -- -- --

Belgium 8,390 4,030 -- -- -- --

Bolivia -- -- 15 192 -- --

Brazil -- -- -- -- 360 13

Canada 201,000 525,000 3 36 358,000 6,440

China -- -- 21 169 8,850 162

Dominican Republic -- -- 3 35 95,800 2,240

France -- -- 7 64 617 11

Germany 127,000 15,200 1 26 4,260 77

Guatemala 689 4,700 -- -- -- --

Honduras -- -- -- -- 1,550 28

Hong Kong 10 112 9 105 10,900 196

India 1 12 1 5 419 8

Ireland -- -- -- -- 506 12

Israel -- -- 4 55 75,200 1,080

Italy 6,440 4,810 -- -- 215 4

Japan 471 5,210 23 306 2,660 48

Korea, Republic of -- -- 1 15 842 15

Lebanon -- -- -- -- 616 11

Malaysia 3 23 55 805 342 6

Mexico 13 97 8 91 620 11

Netherlands -- -- (2) 3 48,700 882

Norway -- -- 8 112 -- --

Panama -- -- -- -- 2,700 45

Romania -- -- -- -- 834 15

Saudi Arabia -- -- -- -- 373 7

Singapore -- -- 1 8 499,000 16,700

Slovakia -- -- (2) 3 -- --

South Africa 7,330 187 -- -- -- --

Spain 15 3 -- -- -- --

Sri Lanka -- -- -- -- 200 4

Sweden 2,280 1,220 -- -- -- --

Switzerland 5,200 48,800 -- -- 180 3

Taiwan 5 35 -- -- 41,200 742

Thailand -- -- (2) 5 -- --

Trinidad and Tobago -- -- 1 4 1,460 26

Turkey -- -- 13 175 5,970 108

United Kingdom 367,000 206,000 339 4,690 4,980 90

Vietnam -- -- 1 10 -- --

Total 725,000 815,000 647 8,670 1,170,000 29,000

-- Zero.

1

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

2

Less than 1⁄2 unit.

Source: U.S. Census Bureau.
Gold—2004	 32.

TABLE 6

U.S. IMPORTS FOR CONSUMPTION OF GOLD, BY COUNTRY1

Ores and concentrates2 Dore and precipitates Refined bullion3 Total

Quantity Value Quantity Value Quantity Value Quantity Value

 Year and country (kilograms) (thousands) (kilograms) (thousands) (kilograms) (thousands) (kilograms) (thousands)

2003 1,960 $23,300 95,200 $832,000 152,000 $1,810,000 249,000 $2,660,000

2004:

Armenia -- -- -- -- 8 100 8 100

Aruba -- -- -- -- 1,100 12,700 1,100 12,700

Australia 11 137 -- -- 132 1,600 143 1,740

Belgium -- -- -- -- 5 70 5 70

Belize -- -- -- -- 2 36 2 36

Bolivia -- -- 228 2,140 -- -- 228 2,140

Brazil -- -- -- -- 16,200 213,000 16,200 213,000

Canada 1,830 19,000 257 6,030 98,800 1,330,000 101,000 1,350,000

Chile (4) 3 3,630 45,700 5,740 75,000 9,370 121,000

Colombia -- -- 36,100 354,000 5,050 60,600 41,200 414,000

Congo (Kinsasha) -- -- -- -- 4 70 4 70

Dominican Republic -- -- -- -- 85 762 85 762

Ecuador -- -- 14 166 106 1,310 120 1,470

France -- -- -- -- 24 308 24 308

Gambia, The -- -- 5 75 -- -- 5 75

Germany -- -- -- -- 2 21 2 21

Ghana -- -- -- -- 5 70 5 70

Guyana -- -- -- -- 112 1,300 112 1,300

Honduras -- -- 3,480 31,500 166 2,340 3,640 33,800

Hong Kong -- -- -- -- 318 4,280 318 4,280

Italy -- -- 12 161 20 248 32 408

Jamaica -- -- -- -- 1 10 1 10

Mexico 18 28 2,410 34,000 7,600 98,200 10,000 132,000

Netherlands Antilles -- -- -- -- 3 36 3 36

Nicaragua -- -- 3,080 29,400 -- -- 3,080 29,400

Panama -- -- 484 4,810 319 3,040 803 7,860

Peru -- -- 92,400 1,080,000 50 617 92,500 1,080,000

South Africa -- -- -- -- 4 59 4 59

Suriname -- -- -- -- 30 360 30 360

Switzerland -- -- -- -- 344 4,550 344 4,550

Taiwan -- -- -- -- 104 1,430 104 1,430

Thailand -- -- -- -- 52 594 52 594

United Kingdom -- -- 12 130 1,160 8,220 1,170 8,340

Venezuela -- -- -- -- 1,670 17,500 1,670 17,500

Vietnam -- -- -- -- 2 20 2 20

Total 1,860 19,200 142,000 1,590,000 139,000 1,830,000 283,000 3,440,000

-- Zero.

1

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

2

Includes base metal ores, concentrates, and matte destined 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 is

excluded.

4

Less than 1⁄2 unit.

Source: U.S. Census Bureau.
32.10 u.s. geologicAl survey minerals yearbook—2004

TABLE 7 

U.S. IMPORTS FOR CONSUMPTION OF GOLD, BY COUNTRY1

Waste and scrap Metal powder Gold compounds

Quantity Value Quantity Value Quantity Value

 Year and country (kilograms) (thousands) (kilograms) (thousands) (kilograms) (thousands)

2003 15,000 $133,000 4,080 $43,000 31,800 $785

2004:

Argentina 9 23 -- -- -- --

Aruba 21 54 -- -- -- --

Australia -- -- 1 10 -- --

Bolivia -- -- 8 108 -- --

Brazil 17 31 -- -- -- --

Canada 2,250 18,700 421 5,680 -- --

Chile -- -- 6,250 7,350 -- --

China 40 380 -- -- -- --

Colombia 740 11,200 -- -- -- --

Costa Rica 1,030 5,670 -- -- -- --

Czech Republic -- -- -- -- 6 8

Dominican Republic 9,370 94,900 465 1,810 -- --

Ecuador 125 1,210 -- -- -- --

El Salvador 24 140 28 276 -- --

Ethiopia -- -- (2) 2 -- --

France 1 6 -- -- -- --

Germany -- -- 3 40 30,600 693

Ghana -- -- 64 529 -- --

Guatemala 15 135 -- -- -- --

Honduras 111 786 3,440 40,900 -- --

Hong Kong 4 36 -- -- -- --

Israel -- -- 43 1,060 -- --

Italy 39 275 1 11 -- --

Japan -- -- 1 12 25,200 719

Korea, Republic of 9 82 (2) 3 -- --

Liberia -- -- 8 88 -- --

Lithuania 1 5 (2) 5 -- --

Malaysia 116 1,080 -- -- -- --

Mali -- -- 10 110 -- --

Mexico 5,900 18,600 1 6 2 8

Netherlands -- -- -- -- 722 13

Netherlands Antilles 43 609 -- -- -- --

Nicaragua 45 291 62 587 -- --

Panama 443 5,180 2 20 -- --

Philippines 10 76 -- -- -- --

Saint Vincent and the Grenadines 6 43 -- -- -- --

Sierra Leone -- -- 15 147 -- --

Singapore 4 37 -- -- -- --

South Africa 6 50 2 28 -- --

Spain 74 545 -- -- 2 4

Sweden 1 10 -- -- 13 10

Switzerland 9 127 37 526 -- --

Taiwan 44 203 -- -- -- --

Thailand 10 131 7 82 -- --

Trinidad and Tobago 1 7 -- -- -- --

United Arab Emirates (2) 4 -- -- -- --

United Kingdom 20 10 10 93 3,450 73

Total 20,500 161,000 10,900 59,400 60,000 1,530

-- Zero.

1

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

2

Less than 1⁄2 unit.

Source: U.S. Census Bureau.
Gold—2004	 32.11

TABLE 8

GOLD: WORLD MINE PRODUCTION, BY COUNTRY1, 2

(Kilograms)

Country 2000 2001 2002 2003 2004e

Algeria -- 300 369 365 597 3

Argentina 25,954 30,632 32,506 r 29,749 r 28,466 p

Armenia 600 1,900 3,200 1,800 2,100 3

Australia 296,410 285,030 273,010 282,000 259,000 3

Belizee 7 1 1 1 1

Benin -- 16 20 20 e 20

Bolivia 12,001 12,395 11,256 9,362 6,951 4

Botswana 4 2 8 8 e 170 3

Brazil4 50,393 42,884 r 41,730 r 40,438 r 40,500

Bulgaria

e 868 1,540 1,110 1,100 2,000

Burkina Faso 625 r 229 r 209 r 770 r 1,125 3

Burundi -- 415 483 2,855 r 2,900

Burma

e 250 200 200 100 r 100

Cameroon

e 1,000 1,000 1,000 1,500 r 1,500

Canada 156,207 158,875 151,904 r 140,861 r 128,504 3

Central African Republice 15 r 34 r 16 r 2 r, 3 2

Chile 54,143 42,673 38,688 38,954 r 40,000

China

e 180,000 185,000 192,000 205,000 r 215,000

Colombia 37,018 21,813 20,823 46,515 35,000

Congo (Brazzaville)

e 10 10 10 75 r 60

Congo (Kinshasa) 52 50 50 e 100 e 400

Costa Ricae 50 100 100 110 150

Cote d'Ivoiree 3,154 3 3,100 2,000 2,000 2,000

Cuba

e 1,000 1,000 1,000 500 500

Ecuador

5 2,871 3,005 2,750 r 3,020 r 3,200 3

Equatorial Guinea

e 500 500 500 500 500

Eritrea 264 107 -- 9 r 10

Ethiopia

6 3,206 r 3,862 r 3,670 r 3,875 r 4,500

Fiji 3,842 3,858 3,731 3,250 4,200 3

Finland 4,951 5,552 4,666 r 5,600 e 8,500 3

Francee 2,632 3 3,000 2,800 1,700 r 1,500

French Guiana 3,469 3,971 2,971 3,000 e 3,000

Gabone, 7 70 70 70 70 70

Georgia

e 2,000 2,000 2,000 2,000 2,000

Ghana 72,100 68,341 69,271 69,600 e 60,000

Guatemala

e 4,500 4,500 4,500 4,550 5,000

Guinea 13,104 16,264 16,700 r 16,226 r 16,000

Guyana 13,510 14,183 13,581 12,170 r 13,000

Honduras 878 4,574 4,984 5,000 e 5,500

India

8 6,200 3,700 3,800 e 3,200 r 3,800 3

Indonesia

9 124,596 166,091 142,238 141,019 r 92,936 3

Irane 765 3 770 650 500 800

Italy 709 503 500 e 100 e --

Jamaica -- 214 328 r 131 r 20

Japan 8,399 7,815 8,615 8,143 8,021 3

Kazakhstan 28,171 27,100 27,000 e 30,000 e 30,000

Kenya 1,243 1,545 1,477 1,543 r 1,600

Korea, North

e 6,600 r 6,600 r 6,600 r 6,300 r 6,000

Korea, Republic of 10 r 188 r 300 r, e 700 r, e 700

Kyrgyzstan

e 22,000 24,000 17,000 22,476 3 22,000

Liberia

e 25 57 3 42 3 20 20

Madagascar 5 (10) -- e 10 r 200

Malaysia 4,026 3,965 4,289 4,739 4,800

Mali 28,717 42,288 56,043 r 45,535 r 39,000

See footnotes at end of table.
32.12 u.s. geologicAl survey minerals yearbook—2004

TABLE 8—Continued

GOLD: WORLD MINE PRODUCTION, BY COUNTRY1, 2

(Kilograms)

Country 2000 2001 2002 2003 2004e

Mexico 26,375 23,543 r 21,324 r 20,406 r 22,400

Mongolia 11,808 13,675 12,097 11,119 r 18,600

Morocco 505 e 1,191 2,746 r 1,863 1,900

Mozambique 23 22 17 63 56 3

Namibia 2,417 2,706 2,644 2,425 2,220

New Zealand 9,880 9,885 9,770 9,500 e 7,300 3

Nicaragua 3,673 3,840 3,493 r 3,029 r 3,500 3

Niger 25 30 28 28 r 28

Nigeria

e 52 3 37 3 40 50 50

Oman 551 603 188 4 r --

Panama

e -- r, 3 -- r, 3 -- r -- r 200

Papua New Guinea 74,540 67,043 65,200 64,000 e 73,000 3

Peru11 132,585 138,022 157,013 171,551 173,219 3

Philippines 36,540 33,840 40,000 38,000 e 35,500 3

Poland 367 349 296 300 e 300

Romania

e 3,500 3,500 3,000 3,000 3,000

Russia 143,000 152,500 168,411 12 170,068 12 169,237 3

Rwanda 10 10 e 10 e 2 r --

Saudi Arabia

e 3,800 5,000 4,192 3 8,769 3 9,000

Senegale 550 550 600 r 600 r 600

Serbia and Montenegro

e 1,121 3 1,100 1,100 1,100 1,000

Slovakia 306 157 77 75 75 3

Solomon Islandse 338 3 300 100 100 -- 3

South Africa 430,800 394,800 395,173 375,787 341,485 3

Spain 4,310 3,300 5,158 r 5,362 r 5,600

Sudan 5,774 5,417 5,239 5,000 e 5,000

Surinamee 300 13 300 300 300 300

Sweden 3,570 4,986 4,500 4,300 e 5,300 3

Taiwan 9 2 -- e -- e --

Tajikistane 2,700 2,700 2,700 2,700 3,000

Tanzania 15,060 30,088 43,320 r 48,018 r 50,000

Thailand -- 320 4,950 4,269 r 4,900

Turkey

e 500 2,000 5,000 r 6,500 r 4,500

Uganda 56 (10) 3 40 r 178 3

United States 353,000 335,000 298,000 277,000 258,000 4

Uruguay 2,177 2,083 2,079 1,730 2,000

Uzbekistane 85,000 87,000 90,000 3 90,000 93,000

Venezuela 7,332 9,076 9,465 7,900 r, e 9,666 3

Vietname 3,000 r 3,000 2,000 r 2,000 r 2,000

Zambia

e 600 -- -- -- --

Zimbabwe 22,070 18,050 15,469 12,564 21,330 3

Total 2,570,000 r 2,560,000 r 2,550,000 r 2,550,000 r 2,430,000

See footnotes at end of table.
Gold—2004	 32.13

TABLE 8—Continued

GOLD: WORLD MINE PRODUCTION, BY COUNTRY1, 2

e

Estimated. pPreliminary. rRevised. -- Zero. 1

World totals, U.S. data, and estimated data are rounded to no more than three significant digits; may not add to totals shown.

2

Table includes data available through August 7, 2005.

3

Reported figure.

4

Officially reported figures are as follows, in kilograms: Major companies: 2000—42,025; 2001—37,810 (revised); 2002—32,912 (revised);

2003—26,066 (revised); and 2004—26,100 (estimated). Garimpos: 2000—8,368; 2001—5,074 (revised); 2002—8,818 (revised); 2003—14,372

(revised); and 2004—14,400 (estimated).

5

Includes undocumented artisanal production.

6

Year ending July 7 of that stated.

7

Undocumented artisanal production.

8

Refinery output.

9

Excludes production from so-called people's mines, which may be as much as 18,000 kilograms per year, but includes gold recovered as

byproduct of copper mining.

10Less than 1⁄2 unit.

11Includes documented production from placer artisanal production.

12Mine output including gold recovered as a byproduct, but excludes secondary gold production, which for Russia in 2002 and 2003 was 2,546

kilograms and 6,835 kilograms, respectively.

13Government estimates unreported production as high as 30,000 kilograms.