World gold mine production, by country, 2021 (p).Natural Resources Canada Statistics Canada.Canadian gold production, 2012–2021 (p).Suppression of confidential data by Statistics Canada renders production numbers for some provinces unavailable.Canadian gold production, by region, 2021 (p).Totals may be different because of rounding.Īll dollars are Canadian unless otherwise indicated. Recovering gold from end-of-life electronics is an additional and major contributor to the global scrap supply. When gold prices rise, it usually increases the supply that is available for scrap (recycled gold). The recycled gold supply decreased to 1,150 tonnes in 2021, down from 1,292 tonnes in 2020. A major motivation for consumers to sell or hold on to their gold jewellery is the price of gold in their respective currencies. Gold is continually being recycled, often in the form of old jewellery that is melted down for reuse. Declining slightly from the peak price, gold remained stable around $1,800 in 2021, ending the year at $1,786 per troy ounce. The price generally increased gradually between January 2016 and June 2019 before accelerating to reach a new peak price of $1,968 in August 2020. The gold price decreased from $1,743 in February 2012 to a low of $1,068 in December 2015. This line graph shows the monthly average gold price in US dollars per troy ounce from 2012 to 2021. Gold prices remain at historically high levels, closing the year at US$1,786 per troy ounce in December 2021. Investors had flocked to the safe-haven commodity during the uncertainty brought on by the pandemic. In 2021, gold prices remained stable around US$1,800 per troy ounce after slightly declining from a record-breaking peak in 2020. Prices generally declined and remained low from October 2012 until September 2018, when gold prices started to initiate a recovery. Gold prices fluctuated significantly over the last decade, ranging from US$1,286 per troy ounce in June 2013 up to over US$1,968 per troy ounce in August 2020. This is an increase in volume but a decrease in value compared to 2020, when imports totaled 242 tonnes and were valued at $11.6 billion. Canada imported 281 tonnes of unwrought gold in 2021, valued at $8.1 billion.The value of all forms of gold imports in Canada was $12.1 billion in 2021, down from $15.6 billion in 2020.The value of Canadian gold exports in metal ores and concentrates remained steady at $1.0 billion in 2021 compared to the previous year.However, the value of unwrought gold exports decreased to $18.2 billion in 2021, down from $21.2 billion in 2020, a reflection of lower prices. Canada’s exports of unwrought gold increased to 297 tonnes in 2021, up from 286 tonnes in 2020.Gold flows to the United Kingdom in part because of its role as financial hub for global gold trade, as international investors purchase and sell gold on the London Bullion Market Association. Canada exported 153 tonnes of gold to the United Kingdom, accounting for 47% of Canada’s gold exports.The value of Canadian gold exports in 2021 was $21.3 billion, a 10% decrease from the previous year’s total of $23.6 billion.World reserves of gold, by country, 2021 (p) Ranking Geological Survey, world reserves of gold ore were estimated at 54,000 tonnes in 2021. Gold mineral ore reserve estimations are based on ore that can be considered reasonably, economical and technically extractable at the time of estimation. Production was 2,692 tonnes in 2012, gradually increasing to 3,317 tonnes in 2019, before decreasing in 2020, but rising again in 2021 to 3,083 tonnes. This bar graph shows the world's annual gold mine production from 2012 to 2021.
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