U.S. gold production continued its decline in May - USGS
May 2014 domestic gold production was up 4% from April, according to the U.S. Geological Survey.
Posted: Tuesday , 12 Aug 2014
RENO (Mineweb) -
U.S. gold production dropped 9% year-over-year from 19,100 kilograms (614,079 troy ounces) in May 2013 to 17,300 kg (556,207 oz), the U.S. Geological Survey reported Monday.
For the period from January 2014 through May 2014, the USGS reported a total of 85,400 kilograms (2,745,673 troy ounces) of gold production from U.S. mining.
Average daily gold output for U.S. mining was 559 kg (17,072 oz) in May of this year, according to agency data.
Nevada led U.S. gold production for the first five months of this year with 61,900 kg (1,990,131 oz), followed by the combined states of Arizona, California, Colorado, Idaho, Montana, New Mexico, South Dakota, Utah, and Washington with 11,900 kg (382,593 oz) of gold output, and the state of Alaska with 11,700 kg (376,163 oz).
Nevada also led the country with 12,100 kg (88,414 oz) of gold production in May 2014, down from 14,100 kg (453,325 oz) in May 2013. During May 2014, Alaska reported 2,680 kg (86,164 oz) of gold production, down from 2,870 kg (92,272 oz) in May 2013.
However, other states combined reported gold production of 2,570 kg (82,627 oz) in May of this year, up from 2,160 kg (69,445 oz) in May 2013.