2005 Minerals Yearbook

GOLD

U.S. Department of the Interior

U.S. Geological Survey

March 2007
GOLD—2005 32.1

In 2005, domestic mine production of gold fell to 256,000 

kilograms (kg), slightly down compared with that of 2004 

(table 2). The reduction was a result of closure of one mine in 

Washington and lower output from older mines. The recent price 

increases have spurred exploration and development of new gold 

projects. However, since new mines take years to open, there 

was a lag in new mines to open to replace older mines. Stronger 

global gold prices offset the reduction in gold production, 

resulting in an increase in gold value for 2005 by 8% compared 

with that of 2004. The United States remained the world’s 

third ranked gold producer, behind South Africa and Australia. 

Nevada accounted for almost 83% of domestic production in 

2005. The remaining output came from Utah, Alaska, Colorado, 

Montana, Washington, South Dakota, California, New Mexico, 

Arizona, and Idaho, in descending order. Gold was produced at 

lode mines, 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.

The 2005 domestic exploration budget increased to $396 

million, a 39% increase compared with that of 2004. Much 

of the increase in exploration was caused by the increase in 

exploration in Alaska and Nevada and was concentrated on gold 

projects. Worldwide gold exploration expenditures rose by 28% 

compared with those of 2004 to $2.3 billion and represented 

47% of the worldwide exploration budget for all minerals 

(Lowery, 2005; Wilburn, 2006).

Commercial-grade refi ned 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 2005, the estimated percentages for end use of 

gold were jewelry and arts, 84%; dental and other, 10%; and 

electrical and electronics, 6%.

Trade in refi ned bullion comprised 31% of U.S. gold imports 

and 56% of exports; the United States became a net exporter 

of 76,300 kg bullion in 2005. Canada provided almost 59% 

of the refi ned bullion imported, and the United Kingdom 

and Switzerland were the destinations for 35% and 32%, 

respectively, of the refi ned bullion exported (tables 4, 6).

The dollar price for gold rose throughout 2005; however, the 

increase was less than in the previous 3 years. Engelhard Corp.’s 

daily price of gold ranged from a low of nearly $412 per troy 

ounce on February 8 to a high of about $538 per troy ounce on 

December 12. The average annual price of $446.20 per troy 

ounce, 9% above the average gold price in 2004, was the highest 

average annual price since 1987.

In 2005, there were fi ve gold exchange traded funds 

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

Australian and London [United Kingdom] Stock Exchanges, 

iShares COMEX Gold Trust, NewGold Gold Debentures 

listed on the Johannesburg [South Africa] Stock Exchange, 

and streetTRACKS gold shares, listed on the New York Stock 

Exchange. In 2005, gold in global ETFs increased by 203 

metric tons (t). In total, the gold in ETFs in the United States 

increased by 190 t, with streetTRACKS accounting for 168 t 

of the increase, and iShares accounting for 22 t. 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, 2006, p. 26).

Total world mine production of gold was about 1% higher 

than that of 2004. South Africa decreased its annual output for 

the third year in a row because of higher costs and lower randbased 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).

Barrick Gold Corporation (Toronto, Ontario, Canada) agreed 

to acquire Placer Dome Inc. (Vancouver, British Columbia, 

Canada) to become the world’s leading gold producer with 

an estimated annual production of 261,000 kg (reported as 

8.4 million troy ounces) of gold, or 8% of the world’s gold 

production (Austen, 2005; Barrick Gold Corporation, 2006, p. 

2). The new company will control 6 of the 20 leading domestic 

gold mines, or 40% of domestic gold production (table 3).

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

in dissipative industrial uses or was unaccounted for or 

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

an estimated 151,000 t of gold mined historically through 2005, 

128,000 t of gold remains in circulation, with 29,000 t held by 

central banks as offi cial stocks and 99,000 t 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 

2005, one respondent reported that its mine 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 Mining Corporation’s (Denver, 

CO) eastern Nevada mines are treated as a single operation.

GOLD

By Micheal W. George

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

world production table was prepared by Regina R. Coleman, international data coordinator.
32.2 U.S. GEOLOGICAL SURVEY MINERALS YEARBOOK—2005

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

Surveys reported that gold output decreased to 13,200 kg (reported 

as 423,000 troy ounces) worth $188 million in 2005 from 14,200 

kg (reported as 457,000 troy ounces) worth $192 million in 2004, 

or a decrease in production of 7% and a decrease in value of 2%. 

Placer production, which is included in the numbers above, fell to 

658 kg (reported as 21,200 troy ounces) from 767 kg (reported as 

24,700 troy ounces) of gold (Szumigala and Hughes, 2006, p. 15).

The underground Fort Knox gold mine operated by Kinross 

Fairbanks Gold Mining Incorporated near Fairbanks began to 

produce gold in 1997. The mine produced about 10,200 kg 

(reported as 329,000 troy ounces) of gold in 2005, making it the 

country’s ninth ranked gold mine (Kinross Gold Corporation, 

2006, p. 13). The Greens Creek Mine on Admiralty Island near 

Juneau completed its ninth 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 2,270 kg (reported as 72,800 troy ounces) of gold 

in 2005. Greens Creek is a joint venture between Kennecott 

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

(29.73%) (Hecla Mining Company, 2006, p. 6).

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

leading silver producer, had received the fi nal supplemental 

environmental impact statement and record of decision from 

the U.S. Forest Service in 2004 for the underground Kensington 

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

However, construction was delayed by lawsuits. All permits 

have since been obtained, construction commenced, and the 

mine was projected to begin production by yearend 2007, once 

the fi nal lawsuit has been resolved. The project has an estimated 

31,000 kg (reported as 1,050 thousand troy ounces) of gold 

reserves (Coeur d’Alene Mines Corp, 2006, p. 5).

In 2005, there were 16 exploration projects that had a budget of 

$1 million or greater. Northern Dynasty Minerals Ltd.’s (Vancouver, 

British Columbia, Canada) Pebble property near Iliamma was 

estimated to have 1,700 t (reported as 54.8 million troy ounces) of 

gold resources (Szumigala and Hughes, 2006, p. 2-3).

Arizona.—American Bonanza Gold Corp. (Vancouver) 

announced a preliminary resource estimate of more than 10,000 

kg of gold in the Copperstone underground gold project in La 

Paz County (American Bonanza Gold Corp., 2006).

California.—California had four gold producing mines in 

2005. These were, in decreasing order of gold production, 

Western Gold Fields Inc.’s Mesquite Mine, Glamis Rand Mining 

Co.’s Rand Mine, Canyon Resources Corp.’s Briggs 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 2005.

Two of the four mines in California may restart in 2006. 

Western Gold Fields Inc. announced plans to resume open 

pit mining at its Mesquite Mine in an expanded area and 

explore high-grade ore extensions at depth. There are plans to 

also re-treat the existing heaps for additional gold recovery. 

Canyon Resources began an exploration study to determine the 

feasibility of restarting the Briggs Mine, which ceased mining 

in April 2004. The other two mines are under reclamation and 

there are no plans to restart them (Kohler, 2006).

Sutter Gold Mining Inc. (Riverton, WY) announced that it 

received the wastewater-discharge permit from the California 

Regional Water Quality Control Board in October for the Sutter 

gold project. The proposed underground gold mine includes the 

historic Lincoln Gold Mine located along California’s Mother 

Load belt. Idaho Maryland Mine Corporation (Grass Valley, 

CA) submitted a mining permit application in October to reopen the historic Idaho Maryland Gold Mine. This project is still 

in the early phases of permitting, and the earliest it could open 

is late 2007. Other operations produced gold as a secondary 

product in 2005, mainly from alluvial sand and gravel mines 

and several small underground mines that primarily produced 

specimen gold products (Kohler, 2006).

Colorado.—Colorado was the fourth ranked gold-producing 

state in the country, according to the Colorado Geological 

Survey, producing 11,000 kg in 2005 (Keller and others, 2006). 

The Nation’s eighth ranked gold mine, the Cresson Mine 

[owned by Cripple Creek & Victor Gold Mining Company 

(CC&V), to which AngloGold Ashanti Limited holds a 67%] 

reported that its open pit operation produced 10,300 kg of gold 

in 2005, up slightly compared with that of 2004 (AngloGold 

Ashanti Limited, 2006, p. 46). LKA International, Inc’s Golden 

Wonder Mine in the San Juan Mountains produced 794 kg of 

gold in 2005, a 78% increase compared with that of 2004. The 

small, high-grade underground mine near Lake City began its 

operations in 1998. LKA announced plans to permit and develop 

a new section of the mine, which could signifi cantly increase 

the production level. Calais Resources Ltd. continued work on 

its Consolidated Caribou project located within the northeasttrending Colorado mineral belt (Keller and others, 2006).

Idaho.—Although Idaho had limited gold production in 

2005, several new mines were in various stages of development. 

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

six projects in development in 2005. 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 

2005 (Gillerman and others, 2006).

Montana.—Apollo Gold Corporation (Greenwood Village, 

CO) briefl y resumed production at its Montana Tunnels Mine near 

Helena and produced 1,390 kg (reported as 44,100 troy ounces) of 

gold in 2005. Open pit mining activity was suspended on October 

21 owing to pit stability issues. Apollo announced plans to sell 

Montana Tunnels in order to focus on the Black Fox project in 

Ontario, Canada, and the Huizopa project in Chihuahua, Mexico 

(Apollo Gold Corporation, 2006, p. 1-8).

Production at Placer Dome Inc.’s Golden Sunlight Mine was 

resumed in early 2005. The company announced plans to open 

the underground mine in 2006 and mine from both the open pit 

and underground for 3 years (McCulloch, 2005).

Nevada.—Gold production fell slightly to 212,000 kg, but 

Nevada still kept its longstanding position as the Nation’s 

dominant gold-producing State and trailed only South Africa 

and Australia when compared with world production fi gures in 

2005. Of the Nation’s top 30 gold-producing mines, more than 

one-half were in Nevada.

Newmont produced 71,500 kg (reported as 2.3 million troy 

ounces) of gold from 12 open pit operations and 5 underground 
GOLD—2005 32.3

mines in Elko, Eureka, Humboldt, and Lander Counties 

(Driesner and Coyner, 2006, p. 5-12).

Newmont has two new gold projects that began operations in 

2005. The Phoenix project in Lander County began processing 

ore and could have the potential to produce 11,000 to 13,000 

kilograms per year (kg/yr) (reported as 350,000 to 420,000 troy 

ounces per year) of gold. The Leeville project in Eureka County 

produced 497 kg (reported as 16,000 troy ounces) in 2005 and has 

an estimated full production of 17,300 kg/yr (reported as 555,000 

troy ounces per year) (Newmont Mining Corporation, 2006a, 

p. 16). Newmont announced the completion of the permitting 

process for a proposed 200-megawatt coal-fi red powerplant in 

Elko County. Once completed in the late 2007, the powerplant 

will provide long-term, reliable electricity to the majority 

of Newmont’s Nevada operations. The current plans call for 

utilization of 75% of the power generated and sale of 25% to local 

power companies (Newmont Mining Corporation, 2006b)

Barrick was the Nation’s leading gold mining company in 

2005, when Placer Dome production was included, reported 

recovering 90,200 kg (reported as 2.9 million troy ounces) of 

gold with the majority coming from mines in Elko, Eureka,, 

Humboldt, Lander, and White Pine Counties (Barrick Gold 

Corporation, 2006, p. 18-19).

On November 18, Apollo sold its Nevada assets, which 

included the Florida Canyon Mine, the Standard Mine, and four 

other exploration properties, to Jinpangu, Inc (Tokyo Japan) for 

$14 million (Apollo Gold Corporation, 2006, p. 13). In 2005, 

the Standard Gold Mine near Winnemucca, produced about 653 

kg (reported as 21,000 troy ounces) of gold, and the Florida 

Canyon Mine produced 908 kg (reported as 29,200 troy ounces) 

of gold (Driesner and Coyner, 2006, p. 5-12).

Exploration continued to increase in the State as companies 

searched for high-grade veins in and around old districts. In 2005, 

the State of Nevada had almost 167,000 mining claims, a 14% 

increase compared with 2004. At least 60 projects were drilled by 

38 junior companies, and 50 projects developed by major or midtier companies were recorded in 2005, a 63% increase compared 

with that of 2004 (Muntean and Castor, 2006).

New Mexico.—Gold production in New Mexico is a 

byproduct of copper production at Phelps Dodge’s Ivanhoe 

concentrator. In 2005, gold production was 231 kg (Lucas 

Kamat, S.A., 2006).

South Dakota.—Goldcorp Inc. (Toronto, Ontario, Canada) 

owned and Wharf Resources Inc. operated the Wharf open pit 

gold mine near Lead, which produced about 1,940 kg (reported 

as 62,500 troy ounces) of gold (Goldcorp Inc., 2006, p. 8).

Utah.—Rio Tinto plc’s Bingham Canyon Mine [which was 

operated by Kennecott Utah Copper Corp. (Magna, Utah)] 

produced 12,500 kg 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 sixth ranked gold producer and leading mine outside Nevada 

in 2005. Kennecott also operated the nearby Barney’s Canyon 

Mine, an open pit and heap-leaching operation that produced 

498 kg of gold (Rio Tinto plc, 2006, p. 10).

Washington.—The Kettle River Gold Mine, Ferry County, 

the only gold mine in Washington State, was closed, and its 

workers were dismissed. The owner, Kinross Gold (Toronto, 

Ontario, Canada), announced that the mine was out of ore, and 

retrenchment was started (Platts Metals Week, 2005a).

World Industry Structure

World gold mine production in 2005 was 1% higher than that 

in 2004. Increased mine production in Australia, China, Mali, 

Mexico, and Peru more than offset the reductions in production 

from Canada, Botswana, South Africa, and Zimbabwe. In 2005, the 

top 10 gold producing countries—South Africa, Australia, United 

States, China, Peru, Russia, Indonesia, Canada, Uzbekistan and 

Papua New Guinea (in descending order)—accounted for almost 

75% of global production. The next 10 leading gold producing 

countries accounted for another 15%, while the remaining 70 

countries made up the last 10% of global gold production in 2005.

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 2005 was 4,040 t 

compared with the previous year’s total supply of 3,850 t. GFMS 

also reported increases in offi cial sector sales (40%) and mine 

production (2%), no net producer hedging, and no implied net 

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

gold scrap levels increased by less than 2% in 2005 compared 

with 2004 old scrap production (Klapwijk and others, 2006, p. 7).

On the consumption side, GFMS reported that total 

fabrication, including the use of scrap, was 117,000 kg more 

than its 2004 level. Jewelry fabrication increased by 99,000 kg 

owing to higher demand, particularly in East Asia and India. 

Coin fabrication was down by 3%, and increases from Canada 

and Turkey were offset by reductions in the United States and 

other countries. The amount of gold used in electronics rose 

by 5% to a 5-year high, which refl ected a strong growth across 

all electronic applications in Japan and the United States. Gold 

used in dentistry declined in 2005 owing to a reduction in use in 

Germany. Other industrial and decorative uses increased by 3%. 

Gold used in medals and for imitation coins, increased by 41% 

because of the popularity of inexpensive gold pieces in India 

(Klapwijk and others, 2006, p. 78-107).

World Review

Australia.—Australian gold production in 2005 grew to 

262,000 kg, an increase of 3,000 kg compared with that of 

2004. With more than a dozen new mines in Australia expecting 

to produce in 2006 and more mines in the exploration phase, 

Australia could soon become the leading gold-producing 

country in the world (Forster, 2006)

Canada.—Canada ranked eighth in world gold production, 

as its output dropped by more than 8% to 119,000 kg, the 

lowest level since 1987 (table 8). Additional production from 

new mines failed to replace production reductions from mine 

closures in Quebec and Nunavut (Chevalier, 2006§1

).

China.—China has become a popular location for gold 

exploration in recent years, and more than 60 non-Chinese 

companies are exploring for gold in China (Beijing Antaike 

Information Development Co., Ltd., 2006). China’s production 

1

References that include a section mark (§) are found in the Internet 

References Cited section.
32.4 U.S. GEOLOGICAL SURVEY MINERALS YEARBOOK—2005

of gold increased by 5% in 2005 to 225,000 kg compared with 

2004 gold production.

Indonesia.—Gold output increased to about 140,000 kg in 2005. 

Most of the gold was byproduct of copper mining at the Grasberg 

Mine. Grasberg regained its title as the world’s leading goldproducing mine and yielded 107,000 kg, a 123% increase compared 

with production in 2004. This increase in gold production from 

the Grasberg Mine was a result of a full recovery after multiple 

landslides in 2003 (Klapwijk and others, 2006, p. 44).

Philippines.—The fi rst gold bar was poured from gold mined 

at the polymetallic Rapu Rapu Mine in the Philippines on July 

19. The mine owner, Lafayette Mining Limited (Melbourne, 

Victoria, Australia), projected that the mine would produce 1,600 

kilograms per year (kg/yr) of gold (Platts Metals Week, 2005b).

The Philippine Supreme Court approved construction of the 

nation’s fi rst large-scale gold operation funded completely by 

foreign investors. Australian mining company Climax Mining 

Limited planned to start construction of the Dinkidi gold and 

copper project in 2006, with production starting by the end of 

the fi rst-half of 2007 (Mining Engineering, 2005).

Papua New Guinea.—On October 9, a landslide caused 

two deaths and shut down the Lihir Gold Limited (Papua New 

Guinea) operations on Lihir Island. Full production resumed in 

early November. Lihir Gold estimated production in 2005 to be 

19,000 kg of gold, with a loss of more than 5,000 kg in the third 

quarter owing to the landslide (Lihir Gold Limited, 2005).

Peru.—In 2005, production of gold in Peru increased by 

20% compared with production in 2004, and Peru was the fi fth 

ranked gold producer in the world. Gold production rose to 

208,000 kg in 2005 from 9,000 kg in 1990. The 2,211% increase 

was owing to the promining stance of the Government and the 

discovery of several large deposits.

The Newmont and Compañía de Minas Buenaventura (Lima, 

Peru) jointly owned Yanacocha Mine in the Cajamarca district 

was the world’s second ranked gold-producing mine. In 2005, 

Yanacocha produced an all-time record 104,000 kg (reported as 

3,333,088 troy ounces). The total reserves for Yanacocha were 

estimated to be 1,010 t (reported as 32.6 million troy ounces) 

(Compañía de Minas Buenaventura, 2006, p. 12) Barrick’s 

Laguna Norte entered into production in the second quarter and 

produced 17,100 kg (reported as 550,000 troy ounces) of gold in 

2005 (Barrick Gold Corporation, 2006, p. 20).

Russia.—In 2005, Russian gold production rose to 169,000 

kg, up by 4% from 2004 gold production of 163,000 kg. The 

Russian gold industry has more than 900 entities producing 

gold, of which the top 10 gold producers control nearly 50% 

of the gold mining. The leading gold producer in Russia in 

2005 was Polyus Gold Mining Company (Moscow, Russia), 

with 32,300 kg of gold production in 2005. As of December 

31, 2005, Polyus’s gold reserves were 781,000 kg (reported as 

25.1 million troy ounces) (Zemek, 2005; Polyus Gold Mining 

Company, 2006§).

South Africa.—In 2005, South Africa’s gold production of 

295,000 kg (a 13% drop compared with gold production in 

2004) dropped to its lowest level since 1923. The decrease was 

attributed to the higher cost of production; in 2005, the total cost 

of gold production was R89.130 per kilogram compared with 

R85.200 per kilogram in 2004. The cost increase was partially 

attributed to the weak rand-based price of gold in 2005 (CRU 

Week in the News, 2006§).

Venezuela.—The Venezuelan Government announced a 

review of gold and diamond mining concessions and contracts to 

determine if they are idle. If the Government determines that the 

foreign-operated mines are not being fully exploited, the mines 

will be seized and turned over to small scale miners or the new 

National Mining Company (Platts Metals Week, 2006).

Outlook

Worldwide consolidation will continue in the gold industry 

as gold producers seek to secure their assets, increase gold 

reserves, cut costs, and exploit gold’s higher prices. Several new 

mines are expected to open and older mines to reopen or expand 

production in 2006. Domestic and world exploration spending 

for new gold resources is expected to continue to increase and 

focus on areas of historical gold production.

References Cited

American Bonanza Gold Corp., 2006, American Bonanza project update: 

Vancouver, British Columbia, Canada, American Bonanza Gold Corp. news 

release, October 21, 4 p.

AngloGold Ashanti Limited, 2006, Annual report—2005: Johannesburg, South 

Africa, AngloGold Ashanti Limited, 272 p.

Apollo Gold Corporation, 2006, Annual report—2005: Greenwood Village, CO, 

Apollo Gold Corporation, 45 p.

Austen, Ian, 2005, Placer Dome agrees to sweetened Barrick bid: New York 

Times, December 23, p. C6.

Barrick Gold Corporation, 2006, Annual report—2005: Toronto, Ontario, 

Canada, Barrick Gold Corporation, 140 p.

Beijing Antaike Information Development Co., Ltd., 2006, Foreign companies 

fl ock to explore gold in China: China Metal Market––Precious and Minor 

Metals, no. 71, January, p. 2

Coeur d’Alene Mines Corp., 2006, Annual report—2005: Coeur d’Alene, ID, 

Coeur d’Alene Mines Corp., 128 p.

Compañía de Minas Buenaventura, 2006, Annual report—2005: Lima, Peru, 

Compañía de Minas Buenaventura, 71 p.

Driesner, Doug, and Coyner, Alan, 2006, Major mines of Nevada 2005: Reno, 

NV, Nevada Bureau of Mines and Geology Special Publication P-17, 28 p.

Forster, Christine, 2006, Australian gold output turns corner; could challenge S. 

Africa: Platts Metals Week, v. 77, no. 11, March 13, p. 10.

Gillerman, V.S., Weaver, M.J., and Bennett, E.H., 2006, Idaho: Mining 

Engineering, v. 58, no. 5, May, p. 80-85.

Goldcorp Inc., 2006, Annual report—2005: Toronto, Ontario, Canada, Goldcorp 

Inc., 40 p.

Hecla Mining Company, 2006, Annual report—2005: Coeur d’Alene, ID, Hecla 

Mining Company, 59 p.

Keller, J.W., Carroll, C.J., and Widmann, B.L., 2006, Colorado: Mining 

Engineering, v. 58, no. 5, May, p. 74-79.

Kinross Gold Corporation, 2006, Annual report—2005: Toronto, Ontario, 

Canada, Kinross Gold Corporation, 103 p.

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

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

Tankard, William, and Alexander, Cameron, 2006, Gold survey 2006: London, 

United Kingdom, Gold Fields Mineral Services Limited, April, 121 p.

Kohler, Susan, 2006, California: Mining Engineering, v. 58, no. 5, May, p. 70-73.

Lihir Gold Limited, 2005, Lihir resumes full production: Port Moresby, Papua 

New Guinea, Lihir Gold Limited press release, November 3, 1 p.

Lowrey, Jim, 2005, Overview of worldwide exploration budgets—Targets and 

stages of development: Metals Economics Group Strategic Report, v. 18, 

no. 6, November-December, p. 6-9.

Lucas Kamat, S.A., 2006, New Mexico: Mining Engineering, v. 58, no. 5, May, 

p. 103-109.

McCulloch, R.B., 2006, Montana: Mining Engineering, v. 58, no. 5, May, p. 96-100.

Mining Engineering, 2005, Large-scale gold mine to be developed in 

Philippines: Mining Engineering, v. 57, no. 10, October, p. 13.
GOLD—2005 32.5

Muntean, J.L., and Castor, S.B., 2006, Nevada: Mining Engineering, v. 58, no. 5, 

May, p. 100-103.

Newmont Mining Corporation, 2006a, Annual report—2005: Denver, CO, 

Newmont Mining Corporation, 38 p.

Newmont Mining Corporation, 2006b, Newmont completes permitting for 

Nevada power plant: Denver, CO, Newmont Mining Corporation news 

release, January 5, 1 p.

Platts Metals Week, 2005a, Kinross to start laying off miners: Platts Metals 

Week, v. 76, no. 48, November 28, p. 4.

Platts Metals Week, 2005b, Rapu Rapu gold mine pours fi rst gold: Platts Metals 

Week, v. 76, no. 30, July 25, p. 6.

Platts Metals Week, 2006, Chavez to inaugurate mining company: Platts Metals 

Week, v. 77, no. 2, January 9, p 15.

Rio Tinto plc, 2006, Fourth quarter 2005 operations review: London, United 

Kingdom, Rio Tinto plc press release, January 18, 20 p.

Szumigala, D.J., and Hughes, R.A., 2006, Alaska’s mineral industry 2005—A 

summary: Alaska Division of Geology and Geophysics Surveys Information 

Circular 52, May, 19 p.

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

Bureau of Mines Information Circular 9070, 87 p.

Wilburn, D.R., 2006, Exploration review: Mining Engineering, v. 58, no. 5, May, 

p. 37-47.

Zemek, Andrew, 2005, Russia—Resources giant in a state of fl ux: Mining 

Journal, July 29, p. 16-21.

Internet References Cited

Chevalier, Patrick, 2006, Gold, accessed November 14, 2006, at URL 

http://www.nrcan.gc.ca/cmy/2005revu/gol_e.htm.

CRU Week in the News, 2006 (March 9), Precious metals, accessed March 9, 

2006, via URL http://www.crumonitor.com.

Polyus Gold Mining Company, 2006, Summary and discussion of Polyus Group 

fi nancial results, accessed October 22, 2006, via URL 

http://www.polyusgold.com.

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Geologic Characteristics of Sediment- and Volcanic-Hosted 

Disseminated Gold Deposits—Search for an Occurrence 

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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, 2004.

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Other

American Metal Market, daily.

Canadian Mines Handbook 2001-02.

Engineering and Mining Journal, monthly.

Gold. Ch. in Mineral Facts and Problems, U.S. Bureau of Mines 

Bulletin 675, 1985.

Jewelers’ Circular-Keystone, monthly.

Mining Journal, biweekly.

Mining Record, The, weekly.

Northern Miner, The, weekly.

Platts Metals Week, weekly.

Randol Mining Directory 1999.

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

Mines Special Publication 24 94, 1994.
32.6 U.S. GEOLOGICAL SURVEY MINERALS YEARBOOK—2005

TABLE 1

SALIENT GOLD STATISTICS1

2001 2002 2003 2004 2005

United States:

Production:

Mine:

Quantity kilograms 335,000 298,000 277,000 258,000 256,000

Value thousands $2,940,000 $2,980,000 $3,250,000 $3,400,000 $3,670,000

Gold recovered by cyanidation:

Extracted in vats, tanks, closed containers

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

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

Refinery:

Concentrates and dore do. 191,000 196,000 194,000 222,000 163,000

Recycled materials (new and old scrap) do. 82,700 78,100 89,100 91,700 75,600

Exports, refined do. 395,000 185,000 220,000 114,000 182,000

Imports for consumption, refined do. 161,000 172,000 152,000 139,000 105,000

Net deliveries from foreign stocks in Federal Reserve Bank of

New York do. 259,000 40,000 55,000 3,000 --

Stocks, December 31:

Industry

4 do. 3,670 3,490 3,590 1,080 2,040

Gold exchange traded funds holdings, United States only metric tons -- -- -- 95 285

Commodity g( )5 Exchan e COMEX kilograms 38,000 63,900 97,100 180,000 211,000

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

U.S. Gold Futures Trading

6 do. 21,100 28,000 38,000 46,500 49,400

Consumption:

U.S. Department of the Treasury:

7

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

Other numismatic gold coins do. 250 370 422 16 17

In industry and the arts do. 179,000 163,000 183,000 185,000 183,000

Price, average

8 dollars per troy ounce 272.22 311.33 364.80 410.52 446.20

Empy y9 lo ment, mine and mill onl 9,500 7,600 7,300 7,550 7,910

World:

Production, mine kilograms 2,560,000 2,550,000 2,560,000 r 2,440,000 r 2,470,000

Official bullion reserves10 metric tons 33,000 32,200 31,800 31,400 30,800 r

Revised. W Withheld to avoid disclosing company proprietary data. -- 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

Engelhard Corp. industries quotation.

9

Data from the Mine Safety and Health Administration.

10Held by central banks, governments, and international monetary organizations. Data from the International Monetary Fund.
GOLD—2005 32.7

TABLE 2

MINE PRODUCTION OF GOLD IN THE UNITED STATES, BY STATE1

(Kilograms)

State 2004 2005

California 3,260 W

Nevada 216,000 212,000

Other States2 38,800 44,200

Total 258,000 256,000

W Withheld to avoid disclosing company propriety data; included with "Other States."

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, Washington, and data indicated by symbol W.

TABLE 3

LEADING GOLD-PRODUCING MINES IN THE UNITED STATES IN 2005, IN ORDER OF OUTPUT1

Quantity

Rank Mine County and State Majority Owner (kilograms)

1 Betze-Post Eureka, NV Barrick Gold Corp. 47,100

2 Eastern Nevada Operations do. Newmont Mining Corporation 43,500

3 Cortez Lander, NV Placer Dome Inc. 28,100

4 Smoky Valley Common Operation Nye, NV Kinross Gold Corporation 23,300

5 Meikle Elko, NV Barrick Gold Corp. 15,800

6 Bingham Canyon

2 Salt Lake, UT Kennecott Minerals Company 12,500

7 Lone Tree Humboldt, NV Newmont Mining Corporation 10,600

8 Cresson Teller, CO Cripple Creek & Victor Gold Mining Co. 10,300

9 Fort Knox3 Fairbanks, AK Kinross Gold Corporation 10,200

10 Twin Creeks Humboldt, NV Newmont Mining Corporation 8,320

11 Turquoise Ridge do. Placer Dome Inc. 6,490

12 Marigold do. Glamis Gold Ltd 6,390

13 Jerritt Canyon Elko, NV Queenstake Resources Ltd. 6,350

14 Midas do. Newmont Mining Corporation 5,200

15 Robinson White Pine, NV Quadra Mining Ltd. 2,520

16 Golden Sunlight Jefferson, MT Placer Dome Inc. 2,510

17 Bald Mountain White Pine, NV do. 2,500

18 Greens Creek Juneau, AK Kennecott Minerals Company 2,270

19 Coeur Rochester Pershing, NV Coeur d'Alene Mining Corporation 2,190

20 Kettle River Ferry, WA Kinross Gold Corporation 2,130

21 Wharf Lawrence, SD Wharf Resources, Inc. 1,940

22 Mule Canyon

4 Lander, NV Newmont Mining Corporation 1,490

23 Montana Tunnels Jefferson, MT Apollo Gold Corp. 1,390

24 Denton-Rawhide Mineral, NV Kennecott Minerals Company 1,090

25 Florida Canyon Pershing, NV Jipangu Inc. 908

26 Golden Wonder Hinsdale, CO LKA International 794

27 Mesquite Imperial, CA Western Goldfields, Inc. 778

28 Standard Pershing, NV Jipangu Inc. 669

29 Barney's Canyon Salt Lake, UT Kennecott Minerals Company 498

30 Briggs Inyo, CA Canyon Resources Corp. 289

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 

2005.

2

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

3

Mine production refers to gold equivalent produced.

4 Prior to 2004, included with “Newmont Nevada Operations.”

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.
32.8 U.S. GEOLOGICAL SURVEY MINERALS YEARBOOK—2005

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)

2004 1,150 $10,200 142,000 $1,860,000 114,000 $1,500,000 257,000 $3,370,000

2005:

Argentina -- -- -- -- 215 3,080 215 3,080

Armenia -- -- -- -- 54 760 54 760

Aruba 34 380 -- -- -- -- 34 380

Australia 1 5 -- -- 1,980 29,900 1,980 29,900

Austria -- -- -- -- (5) 6 (5) 6

Bahamas, The (5) 3 -- -- -- -- (5) 3

Belgium -- -- -- -- 2 22 2 22

Brazil -- -- -- -- 708 9,680 708 9,680

Canada 2 33 12 165 724 10,200 738 10,400

Cayman Islands -- -- -- -- (5) 5 (5) 5

China -- -- 1 10 48 708 49 718

Costa Rica -- -- -- -- 305 4,240 305 4,240

Denmark 1 6 -- -- -- -- 1 6

Dominican Republic 1,080 10,300 -- -- 3 32 1,080 10,300

France (5) 3 -- -- 11 169 11 173

Germany 19 156 5 74 1,920 27,600 1,940 27,800

Guatemala -- -- -- -- 673 9,740 673 9,740

Hong Kong 2 17 -- -- 6,260 91,000 6,270 91,000

India -- -- -- -- 2,500 34,400 2,500 34,400

Indonesia -- -- -- -- 219 3,070 219 3,070

Ireland 46 301 -- -- 1 9 47 310

Israel -- -- -- -- 431 6,150 431 6,150

Italy 1 10 -- -- 3 39 4 49

Japan -- -- -- -- 4,490 63,300 4,490 63,300

Korea, Republic of (5) 10 1 10 5 83 6 103

Malaysia -- -- 1 10 975 13,400 976 13,400

Mexico -- -- -- -- 5,980 82,700 5,980 82,700

Netherlands Antilles 88 822 -- -- -- -- 88 822

Pakistan -- -- -- -- 56 807 56 807

Panama -- -- -- -- 51 720 51 720

Peru -- -- -- -- 265 3,670 265 3,670

Philippines 11 127 -- -- -- -- 11 127

Singapore 3 28 -- -- 3,510 47,800 3,510 47,900

Switzerland -- -- 139,000 1,990,000 58,200 800,000 197,000 2,790,000

Taiwan 2 14 -- -- 1,000 14,000 1,000 14,000

Thailand -- -- -- -- 5,980 84,800 5,980 84,800

Trinidad and Tobago -- -- -- -- 14 204 14 204

Turkey -- -- -- -- 38 520 38 520

United Arab Emirates -- -- -- -- 22,200 305,000 22,200 305,000

United Kingdom 86 1,230 2,010 28,200 62,800 902,000 64,900 931,000

Venezuela -- -- -- -- 14 189 14 189

Vietnam -- -- -- -- 97 1,360 97 1,360

Total 1,380 13,400 141,000 2,020,000 182,000 2,550,000 324,000 4,580,000

-- 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.
GOLD—2005 32.9

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)

2004 725,000 $815,000 647 $8,670 1,170,000 $29,000

2005:

Argentina -- -- -- -- 210 4

Armenia -- -- 185 2,700 -- --

Australia -- -- (2) 3 165 3

Austria 28 422 -- -- -- --

Bahamas, The -- -- -- -- 323 6

Belgium 395 5,130 -- -- -- --

Brazil -- -- -- -- 374 9

Canada 127,000 472,000 15 166 291,000 5,240

China 453 92 2 8 17,200 318

Dominican Republic -- -- -- -- 47,900 863

Eritrea -- -- 2 19 -- --

France -- -- 16 160 306 5

Germany 178,000 99,600 3 42 5,600 83

Guatemala 673 4,870 -- -- -- --

Hong Kong 1 11 4 92 14,900 269

India -- -- 52 683 -- --

Ireland -- -- 3 19 12,400 223

Israel -- -- 16 94 42,600 767

Italy 2,710 2,230 -- -- 869 16

Japan 721 6,660 35 377 14,600 263

Korea, Republic of 24 57 74 1,020 1,490 27

Malaysia 7 51 6 40 -- --

Mexico -- -- 11 108 5,900 106

Netherlands -- -- -- -- 20,300 366

New Zealand -- -- -- -- 712 14

Panama -- -- -- -- 3,600 65

Singapore -- -- 2 9 772,000 21,100

South Africa 15 257 -- -- -- --

Spain -- -- (2) 4 -- --

Sweden 118 451 -- -- -- --

Switzerland 490 7,170 3 37 -- --

Taiwan -- -- -- -- 51,300 924

Thailand 15 3 -- -- -- --

Trinidad and Tobago -- -- -- -- 322 6

Turkey -- -- 37 536 -- --

United Kingdom 253,000 71,600 220 3,150 10,200 206

Vietnam -- -- 2 20 -- --

Total 563,000 670,000 687 9,280 1,310,000 30,900

-- 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.
32.10 U.S. GEOLOGICAL SURVEY MINERALS YEARBOOK—2005

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)

2004 1,860 $19,200 142,000 $1,590,000 139,000 $1,830,000 283,000 $3,440,000

2005:

Aruba -- -- -- -- 1,300 15,800 1,300 15,800

Australia 35 346 35 526 1,470 23,000 1,540 23,800

Belgium -- -- -- -- (4) 5 (4) 5

Bolivia -- -- 88 1,070 26 399 114 1,470

Brazil -- -- -- -- 10,700 152,000 10,700 152,000

Canada 1,590 18,600 7 121 62,600 905,000 64,200 924,000

Central African Republic -- -- -- -- 2 26 2 26

Chile -- -- 20,200 138,000 6,050 86,800 26,300 225,000

Colombia -- -- 21,700 276,000 1,680 21,900 23,400 297,000

Costa Rica -- -- 12 145 73 504 85 649

Dominican Republic -- -- 4 50 4 31 8 81

Ecuador -- -- 96 1,250 12 149 108 1,400

El Salvador -- -- -- -- 8 92 8 92

Germany -- -- -- -- 4 61 4 61

Ghana -- -- -- -- 26 404 26 404

Guyana -- -- -- -- 77 928 77 928

Honduras -- -- 2,390 30,100 2,400 34,300 4,790 64,400

Hong Kong -- -- -- -- 1,570 24,400 1,570 24,400

India -- -- -- -- 3 41 3 41

Italy -- -- -- -- 1717

Jamaica -- -- -- -- 6 61 6 61

Japan -- -- -- -- 105 1,450 105 1,450

Kenya -- -- -- -- 9 120 9 120

Korea, Republic of -- -- -- -- 4 53 4 53

Lebanon -- -- -- -- 4 57 4 57

Mali -- -- -- -- 3 40 3 40

Mexico (4) 9 1,640 24,300 16,800 242,000 18,400 267,000

Netherlands Antilles -- -- 75 901 88 1,020 163 1,920

Nicaragua -- -- 2,000 25,200 21 260 2,030 25,400

Panama -- -- 396 5,110 256 2,550 651 7,650

Peru -- -- 185,000 1,560,000 -- -- 185,000 1,560,000

Russia -- -- -- -- 26 364 26 364

Sierra Leone -- -- -- -- 1 12 1 12

South Africa -- -- -- -- 47 644 47 644

Switzerland -- -- (4) 3 4 55 5 58

Taiwan -- -- -- -- 24 333 24 333

Tanzania -- -- -- -- 5 58 5 58

United Kingdom -- -- -- -- 6 69 6 69

Uruguay -- -- -- -- 13 178 13 178

Venezuela -- -- -- -- 11 103 11 103

Zimbabwe -- -- -- -- 5 63 5 63

Total 1,630 18,900 234,000 2,060,000 105,000 1,520,000 341,000 3,590,000

-- 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.
GOLD—2005 32.11

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)

2004 20,500 $161,000 10,900 $59,400 60,000 $1,530

2005:

Aruba 2 18 -- -- -- --

Australia (2) 3 -- -- -- --

Belgium 85 700 -- -- -- --

Brazil 1 8 -- -- -- --

Canada 5,360 35,100 51 509 445 15

Chile 440 6,150 1,430 1,790 -- --

China 37 302 -- -- -- --

Colombia 2,100 24,600 -- -- -- --

Costa Rica 1,520 7,540 -- -- -- --

Czech Republic -- -- -- -- 9 7

Dominican Republic 9,850 86,800 123 1,130 -- --

Ecuador 140 1,400 -- -- -- --

El Salvador 342 2,740 -- -- -- --

France 1 7 -- -- -- --

Germany -- -- 3 28 19,000 508

Ghana 15 255 142 810 -- --

Guatemala 51 254 -- -- -- --

Guinea -- -- 2 12 -- --

Honduras 258 2,200 -- -- -- --

Hong Kong 1 5 -- -- -- --

Israel -- -- 87 1,230 707 39

Italy 81 760 2 17 -- --

Japan -- -- -- -- 5,140 236

Korea, Republic of 7 60 -- -- -- --

Malaysia 219 2,190 -- -- -- --

Mali -- -- 3 27 -- --

Mexico 5,670 24,800 101 593 -- --

Netherlands Antilles 112 1,890 -- -- -- --

Nicaragua 188 1,180 8 62 -- --

Panama 592 6,280 -- -- -- --

Philippines 1 21 -- -- -- --

Sierra Leone -- -- 3 26 -- --

Singapore 1 7 -- -- -- --

Spain 25 330 -- -- -- --

Switzerland -- -- 23 299 -- --

Taiwan 13 226 -- -- -- --

Thailand 193 2,380 -- -- -- --

Turkey 4 21 -- -- -- --

United Kingdom 21 369 20 185 4,180 132

Total 27,300 209,000 1,990 6,730 29,500 935

-- 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.
32.12 U.S. GEOLOGICAL SURVEY MINERALS YEARBOOK—2005

TABLE 8

GOLD: WORLD MINE PRODUCTION, BY COUNTRY1, 2

(Kilograms)

Country 2001 2002 2003 2004 2005

Algeria 300 369 365 597 697

Argentina 30,632 32,506 29,749 28,466 30,000 e

Armenia 1,900 3,200 1,800 2,100 1,400

Australia 280,100 r 266,100 r 282,000 259,000 262,000

Belizee 11 1 1 1

Benin 16 20 20 e 20 e 20 e

Bolivia 12,395 11,256 9,362 6,951 8,906

Botswana 2 8 9 r, e 162 r 2,770

Brazil4 42,884 41,662 r 40,416 r 47,596 r 41,154 p

Bulgaria

e 1,540 1,110 2,142 r, 3 2,431 r, 3 2,400

Burkina Faso 229 209 770 1,125 1,397

Burma

e 200 200 100 100 100

Burundi 415 483 2,855 3,229 r 3,905

Cameroon 600 r 700 700 1,500 e 1,500 e

Canada 158,875 151,904 140,861 129,478 r 118,528

Central African Republice 34 16 7 r, 3 7 r, 3 7

Chile 42,673 38,688 38,954 39,986 r 40,447

China

e 185,000 192,000 205,000 215,000 225,000

Colombia 21,813 20,823 46,515 37,738 r 35,783

Congo (Brazzaville)

e 10 10 75 60 10

Congo (Kinshasa)

e 6,100 r 7,600 r 4,100 r 5,700 r 5,700

Costa Ricae 100 100 110 150 500

Cote d'Ivoire 3,672 r 3,570 r 1,313 r 1,219 r 1,638

Cuba

e 1,000 1,000 500 500 500

Ecuador

5 3,005 2,750 3,020 5,158 r 5,416

Equatorial Guinea

e 100 r 100 r 100 r 150 r 200

Eritrea 107 -- 9 33 r 30

Ethiopia

6 3,862 3,670 3,875 3,443 r 3,900

Fiji 3,858 3,731 3,250 4,200 2,800

Finland 5,552 4,666 5,409 r 5,004 r 5,000 e

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

French Guiana 4,062 r 3,290 r 3,296 r 2,564 r 2,500 e

Gabone, 7 70 70 70 300 r 300

Georgia

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

Ghana 68,341 69,271 70,749 r 63,139 r 62,100 e

Guatemala

e 4,500 4,500 4,550 -- r, 3 740 3

Guinea 16,205 r 16,815 r 16,622 r 10,700 r 11,000 e

Guyana 14,183 13,581 12,170 11,462 r 11,400 e

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

India

8 3,700 3,800 e 3,200 3,800 3,900 e

Indonesia

9 166,091 142,238 141,019 92,936 140,000 e

Iran 192 r 210 r 203 r 195 r 200 e

Italy

e 503 3 500 100 -- --

Jamaica 214 328 131 20 e --

Japan 7,815 8,615 8,143 8,021 8,318

Kazakhstane 27,100 3 27,000 30,000 30,000 18,062 3

Kenya 1,545 1,477 1,543 567 r 600

Korea, North

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

Korea, Republic of 24 r 310 r 166 r 233 r 266

Kyrgyzstan

e 24,000 17,000 22,476 3 22,000 16,700

Laos -- -- 5,368 4,392 6,338

Liberia 57 42 20 e 110 r 16

See footnotes at end of table.
GOLD—2005 32.13

TABLE 8—Continued

GOLD: WORLD MINE PRODUCTION, BY COUNTRY1, 2

(Kilograms)

Country 2001 2002 2003 2004 2005

Madagascar -- r -- e 10 5 r 5 3

Malaysia 3,965 4,289 4,739 4,221 r 4,300 e

Mali 42,288 56,043 45,535 37,974 r 44,400 e

Mexico 23,543 21,324 20,406 21,818 r 30,356

Mongolia 13,675 12,097 11,119 18,600 6 19,240

Morocco 1,191 2,747 r 1,863 1,200 r 1,200 e

Mozambique 22 17 63 56 63

Namibia 2,706 2,815 r 2,508 r 2,205 r 2,200 e

New Zealand 9,885 9,770 9,300 r 10,151 r 10,200 e

Nicaragua 3,840 3,493 3,029 3,500 3,500

Niger 30 28 30 r 684 r 700 e

Nigeria

e 37 3 40 50 30 r 40

Oman 603 188 4 -- e -- e

Panama

e -- 3 -- -- 200 200

Papua New Guinea

e 67,043 3 63,200 r 68,100 r 73,500 r, 3 66,700

Peru10 138,522 r 157,530 r 172,619 r 173,224 r 207,822

Philippines 33,840 35,850 r 37,844 r 35,464 r 37,500

Poland 349 296 356 r 527 r 500

Romania

e 500 r 500 r 500 r 500 r 500

Russia 152,500 168,411 11 170,068 11 163,148 r, 11 169,297 11

Rwanda

e 10 10 2 3 -- --

Saudi Arabia

e 5,000 4,192 3 8,769 3 9,000 9,200

Senegale 550 600 600 600 600

Serbia and Montenegro

e 1,100 900 r 400 r 400 r 400

Slovakia 157 77 79 r 107 r 100

Solomon Islandse 300 100 100 10 r, 3 10

South Africa 394,800 398,523 r 373,300 r 340,500 r 294,803 p

Spain 3,300 5,158 5,362 5,600 e 2,500 e

Sudan 5,417 5,239 5,106 r 5,000 e 4,728

Surinamee 300 300 300 8,513 r, 3 8,500

Sweden 4,986 4,500 4,300 e 5,300 5,100 e

Taiwane 2 3 -- -- -- --

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

Tanzania 30,088 43,320 48,018 51,010 r 54,000

Thailand 320 4,950 4,269 4,500 r 4,600 e

Turkey

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

Uganda -- r 3 40 1,447 r 1,700

United States 335,000 298,000 277,000 258,000 256,000

Uruguay 2,083 2,079 1,550 r 1,758 r 3,000

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

Venezuela 9,076 9,465 7,900 e 9,666 10,000 e

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

Zimbabwe 18,050 15,469 12,564 21,330 14,023

Total 2,560,000 2,550,000 2,560,000 r 2,440,000 r 2,470,000

See footnotes at end of table.
32.14 U.S. GEOLOGICAL SURVEY MINERALS YEARBOOK—2005

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, 2006.

3

Reported figure.

4

Officially reported figures are as follows, in kilograms: Major companies: 2001—37,810; 2002—32,912; 2003—26,066;

2004—28,508 (revised); and 2005—32,803 (preliminary). Garimpos: 2001—5,074; 2002—8,750 (revised); 2003—14,350

(revised); 2004—19,088 (revised); and 2005—8,351 (preliminary).

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.

10Includes documented production from placer artisanal production.

11Mine output including gold recovered as a byproduct, but excludes secondary gold production, which for Russia in 2002-03

was 2,546 kilograms and 6,835 kilograms, respectively.