Mineral Industry Surveys

U.S. Department of the Interior September 2006 

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 

Mahbood Mahdavi (Data)

Telephone: (703) 648-7778 

Fax: (703) 648-7975

E-mail: mmahdavi@usgs.gov 

Wanda G. Wooten (Mine Data) 

Telephone: (703) 648-4980 

Fax: (703) 648-7975

E-mail: wwooten@usgs.gov

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

GOLD IN JUNE 2006

U.S. mines produced 19,900 kilograms (kg) of gold in June, a 

1% decrease compared with that of May, according to the U.S. 

Geological Survey. The daily average production rate of gold in

June was 663 kg, 7% lower than the 2005 daily average 

production rate of 715 kg and 2% more than the May daily

average rate of 652 kg. 

Engelhard Industries’ average gold price for June was 

$597.81 per troy ounce, 12% less than the average May price. 

This marks the first average month price decrease since June 

2005.
Other

Nevada States2 Total

2005:p

June 18,500 3,650 22,100

July 18,100 3,560 21,600

August 19,700 3,910 23,600

September 19,600 3,980 23,600

October 18,700 3,500 22,200

November 18,100 3,710 21,800

December 19,500 3,460 22,900

January-December 217,000 44,600 261,000

2006:

January 15,200 3,250 18,500

February 14,800 3,420 18,300

March 18,400 4,170 r 22,500 r

April 16,000 4,130 r 20,100 r

May 15,500 r 4,650 r 20,200

June 15,400 4,540 19,900

January-June 95,300 24,200 119,000

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:

2005:

Low/date 412.45 Feb. 8

High/date 538.06 Dec. 12

Average 446.20

2006:

April:

Low/date 588.15/5

High/date 645.74/28

Average 558.69

May:

Low/date 643.99/26

High/date 726.88/12

Average 676.44

June:

Low/date 568.61/20

High/date 643.54/5

Average 597.81

Year to date:

Low/date 526.29 Jan. 5

High/date 726.88 May 12

Average 592.18

Handy and Harman:

2005, average 444.79

2006:

April 610.41

May 673.97

June 596.15

Year to date 590.32

London Final:

2005, average 444.88

2006:

April 610.65

May 675.39

June 596.15

Year to date 590.69

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:

March 2 14,100 11,300 25,400 3,860 127 3,630

April 1 11,300 10,600 21,900 4,000 167 8,310

May:

Brazil -- -- 430 430 -- -- --

Canada 130 5 -- 6,540 5 6,670 497 6 5 --

Chile -- 2,980 -- 2,980 -- -- --

Colombia -- 285 385 670 1,490 -- --

Costa Rica -- 3 -- 3 121 -- --

Dominican Republic -- -- -- -- 1,130 5 9 5 --

Honduras -- 362 (6) 362 57 -- --

Japan -- -- -- -- -- -- 9,040 5

Mexico -- 344 4,660 5,010 775 5 11 5 --

Nicaragua -- 225 -- 225 21 -- --

Panama -- 70 65 135 88 -- --

Peru -- 6,710 5 -- 6,710 -- -- --

United Kingdom -- -- 213 213 -- -- --

Other 8 4 5 138 5 150 341 5 16 5 10 5

Total 139 11,000 12,400 23,500 4,520 42 9,050

Year to date 154 62,700 57,700 121,000 19,700 438 22,300

Exports:

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

2006:

March 1,360 11,400 20,600 33,300 30,800 31 107,000

April 45 14,000 8,250 22,200 63,700 3 122,000

May:

Canada -- -- 28 28 70,800 1 35,400 5

China -- -- -- -- -- -- 18,300 5

Costa Rica -- -- 29 29 -- -- 468 5

Dominican Republic 25 5 -- -- 25 -- -- 4,480 5

Germany -- -- -- -- 4,990 1 5 756 5

Guatemala -- -- -- -- 180 -- --

Israel -- -- -- -- -- -- 5,690 5

Korea, Republic of -- -- -- -- -- -- 419 5

Mexico 9 5 -- 796 805 -- 3 3,340 5

Singapore -- -- -- -- -- -- 38,500 5

Switzerland -- 9,740 5 1,110 10,800 -- -- --

Taiwan -- -- 1 1 -- -- 9,940 5

United Arab Emirates -- -- 1,030 1,030 -- -- --

United Kingdom -- -- 15,900 15,900 25,900 7 5 5,690 5

Other 14 -- 135 149 86 64 5 --

Total 47 9,740 19,000 28,800 102,000 78 123,000

Year to date 1,600 56,800 81,000 139,000 283,000 179 555,000

3

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

6

Less than 1⁄2 unit.

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.

4