Gold miner's all-in sustaining costs (AISC)

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The gold price climbed steadily upwards, trading above US$2,600/oz by quarter end. AISC also continued to rise, up 4% q/q and 9% y/y, to US$1,456/oz, the highest point in our data series back to Q1’10. Lower production, compounded by higher royalty payments and increased sustaining capital expenditures, all helped to drive up AISC. On a regional basis, some differences began to emerge. Africa, Oceania and South America realised the most notable increases, but in North America the rate of growth was much lower, highlighting a mixed scenario for the quarter.
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While the continual rise in AISC may be of concern, it is important to note that 97% of primary gold production in Q3’24 was profitable ...

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Ever upwards for AISC, but distinct regional variations are emerging

When considering the factors driving up gold miners’ All-in sustaining costs (AISC), Q3’24 was a busy period. AISC rose to US$1,456/oz (up 4% q/q and 9% y/y), the highest point in our data series back to Q1’10. Post by Sarah Tomlinson

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What gold miner isn't profitable when all-in costs are (on average) about half of the sell price?