Mineral Industry Surveys

U.S. Department of the Interior April 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 

Telephone: (703) 648-4980

Fax: (703) 648-7975

E-mail: wwooten@usgs.gov 

Internet: http://minerals.usgs.gov/minerals

GOLD IN JANUARY 2007 

U.S. mines produced 18,500 kilograms (kg) of gold in

January, a 33% decrease compared with that of December, 

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

rate of gold in January was 596 kg, 33% lower than the 

December 2006 average rate of 892 kg and 13% lower than the

2006 annual average daily production rate of 688 kg. 

Engelhard Industries’ average gold price for January was 

$632.85 per troy ounce, 4% higher than the December 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 19,400 3,680 23,000

November 20,200 3,140 23,300

December 24,500 3,260 27,800

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

2007, January 15,000 3,440 18,500

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. 

1

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

shown.

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

Average:

Handy and Harman:

2006 604.00

2007, January 630.97

London Final:

2006 604.33

2007, January 631.17

TABLE 2

 GOLD PRICES

(Dollars per troy ounce)

Source: Platts Metals Week.

2
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:

October 11 8,680 11,400 20,100 3,140 159 30,400

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

December:

Brazil -- -- 415 415 -- -- 43,300 5

Canada -- 5 6,660 6,660 595 5 57 5 --

Chile -- 703 -- 703 -- -- --

Colombia -- 311 115 426 775 -- --

Costa Rica -- 9 5 -- 9 155 5 -- --

Dominican Republic -- -- -- -- 687 5 2 5 --

Ecuador -- 162 -- 162 11 5 -- --

Guatemala -- 1,960 5 -- 1,960 23 5 -- --

Honduras -- 391 -- 391 119 5 -- --

Japan -- -- -- -- -- 3 5 1,450 5

Mexico -- 77 5 2,940 5 3,020 831 5 10 5 --

Netherlands -- -- -- -- -- -- 2,600 5

Peru -- 4,650 -- 4,650 -- -- --

United Kingdom -- -- 956 5 956 -- -- --

Other 2 5 260 5 57 5 319 259 5 18 5 --

Total 2 8,530 11,100 19,700 3,460 91 47,300

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

Exports:

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

2006:

October 125 11,500 22,200 33,800 39,400 184 130,000

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

December:

Australia -- -- 2,820 2,820 -- -- --

Belgium -- -- -- -- 476 5 -- --

Canada -- 28 9 37 13,200 5 -- 31,700 5

China -- -- -- -- 163 -- 30,600 5

Costa Rica -- -- 6 6 -- -- 2,630

Dominican Republic 17 5 -- -- 17 -- -- 15,300 5

Germany -- -- -- -- 9,070 -- 813 5

Hong Kong -- -- 1,000 1,000 16 3 --

Israel -- -- -- -- -- -- 4,860 5

Malaysia -- -- 124 124 3 5 -- --

Mexico 15 -- 95 110 -- -- 521 5

Senegal -- -- -- -- -- -- 6,700 5

Singapore -- -- 5 5 -- -- 76,400 5

Switzerland 120 5 15,300 -- 15,400 -- -- --

Taiwan -- -- -- -- -- 1 2,850 5

Tunisia -- -- -- -- -- -- 4,510 5

United Kingdom -- 3 12,900 12,900 9,670 8 1,150 5

Other 35 5 -- 52 5 87 42 5 90 5 569

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

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

3

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

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.

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.

3