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Adam Webb

Adam Webb

Director of Mine Supply

Metals Focus

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.

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.

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.