In the first four months of the year, the U.S. exported more gold to Hong Kong than it produced from its domestic mining industry. Actually, gold shipments to Hong Kong were 29% higher than total mine supply from Jan-Apr. That’s a pretty big deal when we consider U.S. gold production ranks third in the world.
With the most recent data out by the USGS, U.S. gold production declined substantially year over year from its number one producing state, Nevada. According to the statistics, Nevada’s gold production declined a whopping 9% in the first three months of 2013 compared to the same period last year.
Furthermore, total gold production from the United States has declined 5.4% compared to the same three months in 2012. This can clearly been seen in the next two tables:
By SD Contributor SRSrocco:
As I stated in the title… the Mining Industry is always one step behind. Now that they are COMING CLEAN with CASH COSTS… they still haven’t mentioned the upcoming ENERGY CRISIS.
MUM’S THE WORD….
Of course we will hear about the negative implications of the future energy crisis as it impacts the mining industry…. AFTER, and I did say…A-F-T-E-R the ramifications are already felt.