U.S. gold mine production 2005-2022

The United States produced an estimated 170 metric tons of gold in 2022. This figure represents a decrease of around nine percent in comparison to the previous year.

History of gold mining in the United States

Gold was first discovered in the United States in 1799 in North Carolina. More well known, and important to the history of the United States, however, was the California Gold Rush. The California Gold Rush began on January 24, 1848 and ended in 1885. This began as a result of gold being found by James W. Marshall in Coloma, California, which brought approximately 300,000 people to California from abroad and elsewhere in the United States. The sudden inundation of gold revived the American economy. U.S. gold production, however spiked during the 1980s, because of high gold prices and the recovery of gold from low-grade deposits in states such as Nevada. Today, Nevada is the largest gold producing state in the U.S.

U.S. gold trade

Since 2010, gold exports from the United States have been fluctuating, reaching a low of 297 metric tons in 2020 amidst the global Covid-19 pandemic. However, gold exports from the U.S. recovered the following year. Although it typically exports more gold than it imports, U.S. gold imports reached 545 metric tons in 2020. As of September 2022, the United States had the largest gold holdings reserves in the world.