Adam Webb
Director of Mine Supply
Metals Focus
Gold mining AISC remained flat in Q4’21, but significantly higher in 2021
Global average All-in Sustaining Costs (AISC) in the gold mining industry were US$1,129/oz in Q4’21, almost unchanged from the previous quarter.
Posted
Adam Webb
Director of Mine Supply
Metals Focus
Gold miners’ AISC reach their highest since 2013
All-in Sustaining Costs (AISC) across the gold mining industry averaged US$1,123/oz in Q3’21, a rise of 4% q-o-q and the highest level since 2013. This is the fourth consecutive quarter of cost growth, with the average AISC up a significant 16% since the corresponding quarter in 2020.
Posted
Adam Webb
Director of Mine Supply
Metals Focus
AISC up 10% year-on-year in Q2’21
Global average All-in Sustaining Costs (AISC) in the gold mining industry increased by 10% y-o-y in Q2’21, reaching US$1,067/oz. This was also the third consecutive quarter in which AISC has risen. This cost inflation is being driven by several factors, both at the mine site and at the macroeconomic level.
Posted
Adam Webb
Director of Mine Supply
Metals Focus
Gold mining costs continue rising in Q1'21
Costs in the gold mining industry increased for the second consecutive quarter in Q1’21, with the global average All-in Sustaining Cost (AISC) up by 5% q-o-q to US$1,048/oz, reaching its highest level since Q2’13.
Posted
Adam Webb
Director of Mine Supply
Metals Focus
Sustaining capital expenditure pushes AISC higher in Q4'20
During Q4 2020, All-in Sustaining Cost (AISC) in the gold mining industry averaged US$983/oz, up 1.8% from the previous quarter. AISC increased even though average Total Cash Costs declined by 1.6% q-o-q. This suggests that higher AISC was driven by rising sustaining capital costs rather than mine site operating costs.
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Adam Webb
Director of Mine Supply
Metals Focus
Higher prices and lower costs significantly raise miners’ margins in Q3’20
Despite a challenging year due to the COVID-19 pandemic, gold miners are now benefiting from significantly higher margins resulting from a continued focus on operational and cost efficiencies combined with a strong gold price.?
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