Nevada’s mines produced 5.64 million ounces of gold in 2017, according to reports compiled by the Nevada Division of Minerals. This total was up 3.2% from the 2016 production level of 5.47 million ounces. The average annual price of gold increased slightly from $1,251 per ounce in 2016 to $1,257 per ounce in 2017. Nevada continues to be the nation’s top gold producing state, contributing 72% of the total U.S. gold production in 2017 of 7.88 million ounces, as reported by the United States Geological Survey. Nevada produced 5.6% of the total world gold production in 2017, ranking 5th behind the countries of China, Australia, Russia and Canada.