Nevada gold production increases in 2016 – by Adella Harding (Elko Daily Free Press – May 18, 2017)

http://elkodaily.com/

Gold production in Nevada rose 2.4 percent in 2016 to nearly 5.47 million ounces, while silver production was down 6.4 percent to a nearly 8.89 million ounces, show new figures from the Nevada Division of Minerals. Total gold production in 2015 was nearly 5.34 million ounces, and 2015 silver production totaled a little less than 9.5 million ounces.

“The value of production won’t be available until the Department of Taxation releases their Net Proceeds of Minerals bulletin,” however, said Michael Visher, deputy administrator for the minerals division, in an email in May.

The two largest gold producers were Barrick Gold Corp. and Newmont Mining Corp. Barrick produced nearly 2.64 million ounces of the total gold production and 200,757 ounces of silver from operations on the Carlin Trend, the Cortez operations near Crescent Valley and Turquoise Ridge in Humboldt County.

Newmont produced a little more than 1.63 million ounces of gold and a little more than 1.5 million ounces of silver from operations on the Carlin Trend, at Twin Creeks in Humboldt County, Long Canyon near Wells and the Lone Tree Complex.

Copper production was down 9.8 percent at a little more than 160 million pounds, compared with 177.6 million pounds in 2015. KGHM International produced a little more than 118.4 million pounds of copper at the Robinson Mine near Ely, along with 49,217 ounces of gold and 823,659 pounds of molybdenite in 2016.

For the rest of this article, click here: http://elkodaily.com/business/nevada-gold-production-increases-in/article_0b99ac3b-ad37-5eed-a76e-2e88b7c9afd9.html