US gold output drifted lower in March '14, Silver output up 4%: USGS

The US mines production during the first quarter of the year totaled 1,729,710 troy ounces, slightly lower when compared with the production during Q1 2013.

The average daily gold output has witnessed a corresponding dip from 29,094 troy ounces in March last year to 18,904 troy ounces during March this year.

 

Among the states, Nevada topped in the total quantity of gold produced during January to March, followed by Alaska. Nevada recorded a combined gold output for three months amounting to 1,253,879 troy ounces. Alaska maintained the second spot with a much lower output of 250,454 troy ounces during the three months. The other states comprising of Arizona, California, Colorado, Idaho, Montana, New Mexico, South Dakota, Utah and Washington accounted for a combined output of 226,341 troy ounces.

 

The report also states that US silver production climbed 4% higher during March this year to touch 2,957,868 troy ounces when compared with 2,845,341 troy ounces during March 2013.