Unearthed Podcast
World Gold CouncilUnearthed: Lori Heinel, State Street Global Advisors’ Global Chief investment Officer, opens with macroeconomics
Join the World Gold Council’s market strategists for episode one of The Unearthed Podcast - with Lori Heinel, State Street Global Advisors’ Global Chief investment Officer. Together, we’ll unearth golden insights spanning macroeconomics, investment and consumer trends, geopolitics, technology, trust, supply chains and more.
Sarah Tomlinson
Director of Mine Supply Metals FocusGold miners’ AISC still rising, but at a slower pace
In Q2’23 the gold miners’ global average all-in sustaining cost (AISC) continued to climb, rising to US$1,315/oz. This represents an increase of 1% q/q and 6% y/y, maintaining the overall upward trend which began in Q1’21.
Adam Webb
Former Director of Mine Supply Metals FocusGold miners’ average AISC resumes rising trend in Q1’23 and reaches a new record high
Costs in the gold mining industry resumed their upward trajectory in the first quarter of this year. This followed a short-lived break in Q4’22, when gold miners’ average all-in sustaining costs (AISC) had fallen by 1% q/q. Prior to this, costs had risen for the past three consecutive quarters, stretching back to Q1’22.
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilThe evolving picture of global gold production
Annual gold production rank in 2022 was unchanged y/y amongst the five largest gold producing nations, with China still the world's largest gold producer. Extending this to the top 20 countries, things look very different compared to 2010. But, more broadly, global gold mine production remains geographically diverse.
Adam Webb
Former Director of Mine Supply Metals FocusGold miners’ costs reached a record high in 2022 but dropped in the final quarter of the year
In 2022, average all-in sustaining costs (AISC) in the gold mining industry reached a record high, rising by 18% y/y to $1,276/oz. This was 14%, or US$160/oz, above the previous record set in 2012.
Adam Webb
Former Director of Mine Supply Metals FocusRising energy prices push AISC to a record high in Q2’22
In Q2’22 costs in the gold mining industry continued rising. The average all-in sustaining cost (AISC) reached a new record high of US$1,289/oz, up 3% q/q and 18% y/y. The average industry AISC has now sequentially increased almost every quarter since Q2’20, rising by 33% over this period.
Adam Webb
Former Director of Mine Supply Metals FocusGold 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.
Hannah Brandstaetter
ESG Programme Director World Gold CouncilGold and gold mining’s contribution to SDG 3
“Our vision is not health for some; it’s not health for most; It’s health for all!“ So said Dr Tedros Adhanom Ghebreyesus, Director-General at the World Health Organisation (WHO) at the United Nations General Assembly 74th Session in September 2019. Given recent events, a continued focus on universal health and well-being has never been as important as it is today.
Adam Webb
Former Director of Mine Supply Metals FocusGold 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.