Mineral Industry Surveys

U.S. Department of the Interior May 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 FEBRUARY 2007 

U.S. mines produced 18,700 kilograms (kg) of gold in

February, a slight increase compared with that of January, 

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

rate of gold in February was 668 kg, 12% higher than the 

January average rate of 596 kg and 3% lower than the 2006 

annual average daily production rate of 690 kg. 

Engelhard Industries’ average gold price for February was 

$666.21 per troy ounce, 5% higher than the January average 

price. 
Other

Nevada States2 Total

2006:p

January 15,100 3,170 18,300

February 14,800 3,350 18,100

March 18,400 4,100 22,400

April 15,900 3,730 19,700

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 r 3,880 r 23,100

November 19,900 r 3,340 r 23,300

December

r 24,200 3,650 27,900

January-December 206,000 r 45,800 r 252,000

2007:

January 15,000 3,440 18,500

February 14,900 3,830 18,700

January-February 29,900 7,270 37,200

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. 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:

January:

Low/date 610.08/10

High/date 653.51/25

Average 632.85

February:

Low/date 647.45/2

High/date 687.57/26

Average 666.21

Year to date:

Low/date 610.08 Jan. 10

High/date 687.57 Feb. 26

Average 649.53

Handy and Harman:

2006, average 604.00

2007:

January 630.97

February 664.43

Year to date 647.70

London Final:

2006, average 604.33

2007:

January 631.17

February 664.75

Year to date 647.96

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: 

2005 1,630 234,000 105,000 341,000 27,300 1,990 29,500

2006:

November 30 6,890 9,580 16,500 3,830 73 11,200

December 2 8,530 11,100 19,700 3,460 19 47,300

2007, January:

Brazil -- -- 303 303 -- -- --

Canada -- 1 5,960 5,960 444 5 16 5 --

Chile -- 1,130 450 1,580 -- -- --

Colombia -- 504 159 662 836 -- --

Costa Rica -- -- -- -- 161 5 -- --

Dominican Republic -- -- -- -- 1,940 5 2 5 --

Ecuador -- 117 -- 117 5 -- --

Guatemala -- 395 -- 395 34 5 -- --

Honduras 4 227 -- 231 148 5 -- --

Mexico -- 371 2,230 5 2,600 1,260 5 12 --

Nicaragua -- 123 -- 123 26 5 -- --

Peru -- 2,830 -- 2,830 -- -- --

Taiwan -- -- -- -- 107 5 -- --

United Kingdom -- -- 651 651 -- -- 400 5

Other 2 5 105 143 5 250 130 5 58 5 17 5

Total 6 5,810 9,900 15,700 5,090 91 417 5

Year to date 6 5,810 9,900 15,700 5,090 91 417

Exports:

2005 1,380 141,000 182,000 324,000 563,000 687 1,310,000

2006:

November 230 10,100 17,400 27,800 91,300 173 138,000

December 187 15,300 17,000 32,500 32,600 100 179,000

2007, January:

Canada -- -- 1,060 1,060 62,000 5 -- 35,900 5

China -- -- -- -- -- -- 1,900 5

Dominican Republic 22 5 -- -- 22 -- -- 11,900 5

Germany 206 -- 104 311 6,440 5 3 5 --

Israel -- -- -- -- -- -- 6,990 5

Mexico 24 5 10 187 220 -- 3 1,040 5

New Zealand -- -- -- -- -- -- 247 5

Saudi Arabia -- -- 498 498 -- -- --

Singapore -- -- -- -- -- -- 67,700 5

Switzerland 33 10,700 2,040 12,800 -- 1 --

Taiwan -- -- -- -- -- -- 6,860 5

Turkey -- -- -- -- -- 104 --

United Arab Emirates -- -- 2,360 2,360 -- -- --

United Kingdom 2 5 4 6,930 6,930 22,500 5 8 5 3,480 5

Other 99 5 -- 132 231 124 5 36 5 --

Total 386 10,800 13,300 24,500 91,100 155 136,000

Year to date 386 10,800 13,300 24,500 91,100 155 136,000

3

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

5

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

Source: U.S. Census Bureau.

2

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

TABLE 3

 U.S. IMPORTS AND EXPORTS OF GOLD1

(Kilograms of gold content, unless otherwise specified)

4

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

1

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

-- Zero.

4