Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek Radio Nugget: Louis Navellier and Chris Waltzek
By: radio.GoldSeek.com

For Americans Buying Gold and Silver: Still a Big U.S. Pricing Advantage
By: David Smith

Itís Time To Build The Launching Pad
By: Avi Gilburt

Human Nature Never Changes
By: Gary Savage

Ira Epstein's Metals Video 1 18 2018
By: Ira Epstein

Gold Bullion May Have Room to Run As Chinese New Year Looms
By: GoldCore

Gold Seeker Closing Report: Gold and Silver Edge Lower in Late Trade
By: Chris Mullen, Gold Seeker Report

New York Fed official celebrates a century of market rigging
By: Chris Powell

COMEX Open Interest Data Suggests Another Gold Price Slam Imminent
By: Craig Hemke

Sell Bitcoin - Buy Tulip Bulbs!
By: Clive Maund

 
Search

GoldSeek Web

 
U.S. Gold Production Down 11% In October


 -- Published: Thursday, 29 January 2015 | Print  | Disqus 

By Steve St. Angelo, SRSrocco Report

According to USGS, U.S. gold production declined 11% in October compared to same month last year.   This was due to lower seasonal production in Alaska and lower grades at Rio Tintoís Bingham Caynon Mine in Utah.  U.S. gold production in October was 16.8 metric tons (mt) compared to 18.9 mt last year.

Even though domestic U.S. gold production was down significantly in October, it has trended lower throughout the year.

US Gold Production JAN-OCT 2014

Total U.S. gold production from Jan-Oct declined 8% to 176 mt, compared to 191 mt during the same period in 2013.   The biggest drop in gold mine supply came from Nevada as Jan-Oct was 126 mt, or 9% less than the 140.4 mt during Jan-Oct 2013.

This is quite interesting to see that Nevada is suffering the worst declines when many of the major mining companies in the state such as Barrick, Newmont and GoldCorp are high-grading their mines.  I thought for sure, we would see higher production this year, when the opposite is the case.

If the trend continues for the remaining two months of the year, U.S. Gold production will probably come in at 211-213 mt compared to 230 mt in 2013.

Please check back for new articles and updates at the SRSrocco Report.  You can also follow us at Twitter below:

SRSroccoReport Twitter Button


| Digg This Article
 -- Published: Thursday, 29 January 2015 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.