Production & Industrialization of Gold

It seems that finally, after decades of postergation, the national production is acquiring the necessary energy to recuperate its position of main producer in Latin America.

Certainly, many people were disconcerted with the ciphers of production in the past decades, which demonstrated a stopping and strong declination in relation to our previous position, compared to the very rifurous growth of many other countries of Latin America, North America and the rest of the world.

We spent 14 years looking and finding again, time and again, the auriferous regions and their immense beds; but the productions, year by year, didn’t even recover the levels of the decade of the 1940’s.

Present Production
As always, the most important production comes from alluvial mining, and this at the same time is formed by hundreds of producers.

In the past 2 years a strong repointing of the production of mines has been effecutated (of filon) and, particularly, for 1988 the central bank assigned this sector an even bigger production which in the preceding year (of the three sectors in which the origin is classified e.g.: Alluvial, filonian, and refined in the exterior).

 World Production
The world production of gold of mines closed in heights, reaching 1500 tons, with 127 tons or 9% more than in 1987, and 212 tons or 14% more than in 1986.

The fixed prices of the end of the year, in 1987, fell from $480 the firsyt useful day of January of 1988 to $410 dollars by the end of the year; the present moth of May of 1989, the price is lower than $380 per ounce.

The five major producers of the world: South Africa, United States, Canada, Australia and Brazil have increased their production to nearly 1,200 tons or the 80% of the production of the western world.