Today's

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Gold Bullion

 

SUPPLY & DEMAND

GOLD PRODUCTION BY STATE

The United States is the second-largest gold-producing nation in the world. Most of this gold is produced in western states such as Nevada, which produces more gold than any other state.

Year 2000 U.S. Gold Production by State

	Gold Produced (1,000 ozs.)	$ Value ($1,000's)
Alaska	546	148,976
California	447	121,882
Colorado	248	67,667
Idaho	72	19,645
Montana	212	57,926
Nevada	8,446	2,304,409
S. Dakota	171	46,630
Utah	700	190,995
Washington	94	25,675
Total	10,936	2,983,806

SOURCE: JOHN L. DOBRA, Ph D, THE U.S. GOLD INDUSTRY 2000, MACKAY SCHOOL OF MINES, UNIVERSITY OF NEVADA (RENO).

For many years, 75% or more of the gold needed by U.S. manufacturers was imported from other countries. From 1980 forward, however, U.S. gold production climbed steadily -- from one million to more than 11 million ounces annually -- due to important advances in exploration, mining and processing technologies. Today, the U.S. produces more gold than any nation except South Africa, and can meet all of its domestic gold needs while still making 23% of U.S. production available for export. In 1999, this resulted in a positive $2.7 billion contribution to the nation's balance of trade