Categories: General Market Commentary / Precious Metals
Topics: General Market Commentary / General Precious Metals

Canada-US gold mining revenues fall behind

Canada-US gold mining revenues fall behind

Frik Els 

A new report by SNL Metals and Mining shows the Canada-US falling behind other regions in revenues generated by the gold mining industry.

The research company calculated the standings by multiplying 2015 total gold production from primary gold mines with the 2015 average gold spot price.

Asia-Pacific and Africa are the most valuable gold regions, with gold revenues of $20.2 billion and $16.1 billion, respectively. Boosted by Russia, Europe's earnings from gold mining is not that far behind Canada and the US.

When considering the value of gold still in the ground  the US and Canada fares better.

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