Thursday, August 1, 2013

Gold Production History

1970 Mine Production
South Africa produced over 32Moz of gold, 2/3's of the world's production of 47.5Moz.

Former USSR was a distant second at 6.5Moz.

Canada, the US, and Australia produced 2.4, 1.7, and .6Moz, respectively.

The rest of the world accounted for less than 9% of production.
1975 Mine Production
World production dropped 15% versus 1970, with a 30% drop in South Africa, which produced 23Moz out of the world's production of 39.7Moz. (59.3%)

Production in Canada, the United States, and Australia was about the same levels at 1970.
1980 Mine Production
The world produces 39.2Moz, 21.7 million from South Africa. (55.3%)

Canada, the US, and Australia produce
1.6, 1.0, and .5Moz, respectively.

Brazil produces 1.3Moz versus only 172 thousand ounces in 1975.
1985 Mine Production
World production is 49.3Moz, up 25% from 1980. South Africa is flat at 21.6Moz. (43.8%)

Canada, the US, and Australia produce
2.8, 2.4, and 1.9Moz, respectively.

Brazil produces 2.3Moz. China produces 2Moz and releases a gold bullion coin - the Panda in 1982.

Papua New Guinea, the Philippines, and Columbia each produce over 1Moz.
1990 Mine Production
Technology (heap leaching)
has changed mining, forever.

The U.S.S.R is breaking up, so the United States with 9.5Moz production will soon become the world's #2 producer.

Australia produces 7.8Moz. Canada produces 5.4Moz, peaks at 5.7Moz in 1991, then drifts down to current levels of 5Moz/yr.
1995 Mine Production
World production hits 72.3Moz, but South Africa produces only 16.8Moz. (23.3%)

The United States produces over 10Moz,
followed by Australia at 8.2Moz
(will produce over 10Moz in 1997)

Chile, Ghana, Peru, and Indonesia each produce about 2.0Moz, versus about .5Moz in 1990.
2000 Mine Production
World production hits 2573mt (82.6Moz), but South Africa produces only 428mt (13.8Moz), which is 16.6%

Production in the United States, Australia, Canada dips slightly, with China up.

Other significant producers: Chile, Indonesia, Peru, Russia, and Uzbekistan

The trend toward worldwide industry diversification continues, with the top 5 countries now accounting for just over 50% of world production.
2005 Mine Production1. South Africa: 296mt (11.8%)
2. Australia: 263mt (10.4%)
3. United States: 262mt (10.2%)
4. China: 224mt (8.9%)
5. Peru: 207mt (8.2%)
6. Indonesia: 167mt (6.6%)
7. Russia: 156.5mt (6.2%)
8. Canada: 118.5mt (4.7%)
9. Papau New Guinea 66.7mt (2.6%)
10. Ghana 63.1mt (2.5%)
Other: 699mt
TOTAL: 2518mt
2006 Mine Production1. South Africa: 275mt (11.0%)
2. United States: 260mt (10.5%)
3. Australia: 251mt (10.2%)
4. China: 240mt (9.7%)
5. Peru: 203mt (8.2%)
6. Indonesia: 167mt (6.8%) (2005)
7. Russia: 152.6mt (6.2%)
8. Canada: 104mt (4.2%)
9. Papau New Guinea 66.7mt (2.7%) (2005)
10. Ghana 63.1mt (2.6%) (2005)
Other: 699mt
TOTAL: 2469mt
2007 Mine Production1. China: 276mt
2. South Africa: 254.7 mt
3. Australia: 246mt
4. United States: 238mt
5. Peru: 170mt
6. Russia: 144.5mt
7. Indonesia: 118mt
8. Canada: 101mt
9. Uzbekistan 85mt
10. Ghana 78mt
Other: 821mt
TOTAL: 2444mt
2008 Mine Production1. China: 288mt
2. United States: 234mt
3. South Africa: 232mt
4. Australia: 225mt
5. Peru: 175mt
6. Russia: 163.9 mt
7. Canada: 100mt
8. Indonesia: 90mt
9. Uzbekistan 85mt
10. Ghana 81mt
Other: 660mt
TOTAL: 2356mt
2009 Mine Production1. China: 313.98 mt
2. Australia: 227.00 mt
3. United States: 216.00 mt
4. South Africa: 204.92 mt
5. Russia: 205.00 mt
6. Peru: 180mt (estimate)
7. Indonesia: 90.00 mt
8. Canada: 95.00 mt (estimate)
9. Ghana 90.20 mt
10. Uzbekistan 80mt (estimate)
Other: 854mt
TOTAL: 2572mt
2010 Mine Productionx
2011 Mine Production

No comments:

Post a Comment