Global production numbers

DSAbug

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I'm having trouble finding accurate numbers on global gold production for the past couple years. I have no problem finding 2011 and back but for some reason google isn't really helping. Anyone know a spot to find this kind of info?

Thanks in advance.
 

Unbeatable

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I couldn't find anywhere that has released full 2012 numbers but -


Thomson Reuteurs have global gold production numbers for the 1st half of 2012 which is also very well broken up by country. (Click on the 2012 Gold Survey Presentation)

http://www.gfms.co.uk/

The world gold council has mine production numbers up to Q3 2012 but they are not so well broken down. (Download the Q3 pdf 0.6 mb - the mining production numbers start on page 16)

http://www.gold.org/investment/research/regular_reports/gold_demand_trends/
 

pmbug

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* bump *

Looks like mining production issues aren't limited to Pt and Pd:
The results are finally out and 2012 proved to be another record year for the continued squeeze in the top 5 gold miners. Not only did gold production decline 1.3 million ounces from the top 5 year-over-year, their average yield dropped another 6%. As gold yields continue to decline, it causes more stress for the mining companies. Thus, it takes more energy to produce the same or less gold.

This is indeed the major problem facing the gold mining industry going forward. Below we can see just how much average gold yields have declined in the top 5 gold miners (Barrick, Newmont, AngloGold, Goldfields & GoldCorp):



In 2005, the top 5 miners were producing gold at an average yield of 1.68 grams per tonne (g/t), but by 2012, it had fallen to only 1.22 g/t. In just seven years the average yield declined 27% or nearly 4% per year. However, from 2011 to 2012 the average yield fell an additional 6%

The real problem with declining ore grades & yields is how much gold production is lost every year. If we take the top miners gold production in 2005 which stood at 25.2 million oz and figure a decline in average yield of 27%, we come up with a loss of 6.8 million oz in that seven-year time period (nearly 1 million oz loss per year). Which means the miners either have to mine and process more ore, or they have to add new mining projects to offset this fall in average yield.
...
More: http://srsroccoreport.com/the-big-s...big-squeeze-continues-in-the-top-gold-miners/
 

CharlesMcLain

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Couldn’t find gold production stats for 2012….. However I stumbled across a site about gold facts. This is an interesting read. I think you’ll be pleased with what you learn. Few of the facts here give me all the more reasons to stick my belief about the return of the gold standard.
 

ancona

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Charles,
Gold production has been steadily dropping as a result of mine nationalizations, protracted strikes [South Africa] and the steadily climbing costs of production. The declining quality of ores has not helped the situation either. When I looked at Harvey Organs Saturday dissemination of the market reports, it looks like the shorts are being set up for a giant slingshot in the marketplace. That, coupled with the lack of gold or silver bars at the major bullion banks should make for an interesting summer.
 

DoChenRollingBearing

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...

I was told in Canada while visiting the Malartic Gold Mine (Osisko) that for an open-pit mine, that a yield of 0.5 gm gold / metric tonne of ore was about the break-even point for a "good" mine (I presume that means peaceful and not too remote).

***

Here are some other pieces I wrote on basic gold info, many of you have seen these (from 2012), but here they are:

"Gold: Basic Facts for the 99%": http://tinyurl.com/9a2fves

"Marginal Utility and Gold": http://tinyurl.com/mnjdrfp

"Basic facts" includes some specifications on gold and gold bullion coins.
 
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