Mineral Industry Surveys

U.S. Department of the Interior June 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 MARCH 2007 

U.S. mines produced 21,500 kilograms (kg) of gold in March, 

a 15% increase compared with that of February, according to the 

U.S. Geological Survey. The daily production rate of gold in

March was 693 kg, 4% higher than the a revised February

average rate of 667 kg and slightly higher than the 2006 annual

average daily production rate of 690 kg. 

Engelhard Industries’ average gold price for March was 

$656.66 per troy ounce, slightly lower than the February 

average price.
Other

Nevada States2 Total

2006:p

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

r 19,400 3,680 23,000

November 20,200 r 3,140 r 23,300

December

r 24,500 3,260 27,800

January-December 207,000 45,000 252,000

2007:

January 15,000 3,440 18,400 r

February 14,800 r 3,830 18,700

March 17,800 3,660 21,500

January-March 47,700 10,900 58,600

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:

February:

Low/date 647.45/2

High/date 687.57/26

Average 666.21

March:

Low/date 638.49/05

High/date 672.19/01

Average 656.66

Year to date:

Low/date 610.08 Jan. 10

High/date 687.57 Feb. 26

Average 651.91

Handy and Harman:

2006, average 604.00

2007:

February 664.43

March 655.30

Year to date 650.23

London Final:

2006, average 604.33

2007:

February 664.75

March 654.90

Year to date 650.27

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:

December 2 8,530 11,100 19,700 3,450 r 91 r 47,300

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

2007:

January 6 5,810 9,890 15,700 5,090 89 417

February:

Brazil -- -- 190 190 -- -- --

Canada -- -- 2,560 2,560 648 5 2 5 --

Chile -- 710 425 1,140 -- -- --

Colombia -- 529 224 753 777 -- --

Costa Rica -- 37 10 5 47 158 5 -- --

Dominican Republic -- -- 16 5 16 594 5 -- --

Ecuador -- 113 -- 113 6 -- --

Germany -- -- -- -- -- -- 2,800 5

Guatemala -- 300 -- 300 -- -- --

Honduras -- 346 -- 346 177 5 -- --

Mexico -- 327 5 1,860 5 2,190 920 5 30 5 --

Nicaragua -- 124 7 130 31 5 -- --

Panama -- 198 5 14 5 212 61 5 -- --

Peru -- 2,270 -- 2,270 13 -- --

United Kingdom -- -- 436 436 -- 3 5 --

Other 7 5 1 5 269 5 276 245 5 19 5 3 5

Total 7 4,950 6,020 11,000 3,630 54 2,800

Year to date 13 10,800 15,900 26,700 8,720 144 3,220

Exports:

2006:

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

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

2007:

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

February:

Belgium -- -- -- -- 6,020 -- --

Canada -- -- 7 7 26,900 5 -- 21,700

China -- -- -- -- -- -- 2,100 5

Dominican Republic 16 -- -- 16 -- -- 8,640 5

Germany -- -- 44 44 9,920 5 -- 3,780 5

Ireland 11 5 -- -- 11 -- -- 3,370 5

Israel -- -- -- -- -- -- 3,810 5

Japan -- -- -- -- 47 -- 1,600 5

Mexico 28 -- 472 5 500 -- -- 6,730 5

Netherlands -- -- -- -- -- -- 580 5

Singapore -- -- -- -- -- -- 31,600 5

Switzerland 22 5 9,480 -- 9,500 -- -- --

Taiwan -- -- -- -- -- -- 6,230

United Kingdom 6 5 -- 12,100 12,100 11,000 5 1 5 697 5

Other 5 5 -- 143 148 6 41 5 --

Total 88 9,480 12,800 22,300 53,900 42 90,800

Year to date 474 20,200 26,100 46,800 145,000 196 227,000 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