Nov 11, 2021 Spate of first quarter mine fatalities, power tariff hits Harmony Gold as AISC rise 9%. By. David McKay. -. Nov 11, 2021. HARMONY Gold blamed the regression in safety at its South African mines on seismicity, fatigue and poor discipline. The company reported its tenth fatality of

Jun 03, 2020 Among the group, Evolution Mining Ltd., Centerra Gold Inc. and B2Gold Corp. reported the lowest AISC in the first quarter, with all three companies booking quarter-over-quarter decreases exceeding 10.0%. Evolution Mining's AISC dropped 10.7% to US$652/oz from US$731/oz, as operating costs remained flat and sustaining capital decreased

Nov 30, 2020 Aurelia Metals’ Peak mine in Australia was the highest cost gold operation worldwide in Q1 2020. 98% of all gold mines and a half of the top ten highest cost gold mines reported positive AISC margins in Q1. Previously, Mines and Metals ranked the top ten lowest cost gold mines in Q1 2020. Let’s now look at what is going on the opposite side of the spectrum

Apr 07, 2021 GOLD MINING producers had their most profitable year ever in 2020, based on one metric, writes Frank Holmes at US Global Investors. The average all-in sustaining cost (AISC) margin, which is the gold price minus the [total] cost to produce the metal [and keep producing in future too, hence 'sustainable'], hit a record $828 per ounce, according

Dec 01, 2020 Mining companies with significant cost increases in the September quarter included Evolution Mining Ltd., Kirkland Lake Gold Ltd. and Newcrest Mining Ltd., with AISC rising over the second quarter by 19.7%, 18% and 11.6%, respectively, to $857/oz, $886/oz and $980/oz

Nov 24, 2021 For gold, AISC per gold ounce on a co-product basis is calculated by summing certain costs (operating costs, royalties, treatment, refining & transport costs, sustaining capital depreciation, G&A, and other costs) associated with the gold produced. The resulting figure is then divided by the payable gold ounces produced

Aug 04, 2021 AISC is an all-encompassing, key cost measure used in the gold mining industry and covers everything from production, general, and administrative costs to

Gold Price US$/oz Gold Institute Founded . National Mining Association takes over Gold Institute. WGC Established . Deferred Stripping Accounting . Gold Fields introduces concept of Notional Cash Expenditure Gold Institute Production Cost Standard Adopted . Industry adopts AISC

Cost curve position remains an important value differentiator for mining companies, especially during periods of low metal prices. For precious metal companies, the standard (non-GAAP) cost reporting methodology are the World Gold Council (WGC) guidelines first published in 2013 and consist of three components: Adjusted Operating Costs, All-in Sustaining Costs (AISC), and All-in Costs (AIC)

Apr 19, 2021 In the most recent quarter, the Nevada Mining Unit of Gold Resource Corp (now Fortitude) saw the Isabella Pearl mine produce 12k oz. Au (record quarterly gold production) and 29k oz. Au. over the full year. AISC was $952/oz., which will trend lower in 2021. The project also generated over $18.5m in operating cash flow (before changes in non

A gold company might be able to mine gold at a cost of $1,000 per ounce. Gold companies generally measure this by their all-in sustaining cost (AISC) per ounce. So in over-simplified terms for the purpose of example, they make $200 per ounce in profit at current prices. If

aisc sets sights on slashing delivery time for steel structures Newcrest's AISC for the September 2021 quarter of $1,270/oz 3 was higher than the prior period, reflecting lower gold and copper sales volumes, higher production stripping at Lihir with increased newcrest mining limited - quarterly report

Cowal – Evolution Mining Cowal was the highest gold producer in the Group, achieving 210,847 ounces of gold produced at an AISC of A$1,042 per ounce. Cowal mined to plan resulting in meeting its planned gold production. Today's Market View - Gold Star Resources, GoldStone Nov 02, 2021 The Company guided for 145-155koz at $1,150-1,250/oz

Where there is a direct interest in the underlying assets (‘direct interest percentage’), it is expected that the gold mining company would recognise the gold, by-product and all the AISC or AIC costs of the operation, multiplied by the direct interest percentage

Jun 21, 2018 The AISC rose 5% yoy on average. The reason for this is that mine production is declining, so they need to find more gold to compensate for

Sep 09, 2021 Standardised metrics provide further transparency into the costs associated with gold production, and can be helpful to investors, governments, local communities and other stakeholders in understanding the economics of gold mining. All-in Sustaining Cost (AISC) aims to better-reflect the full cost of keeping the mine in business

Sep 16, 2013 Use of the “all-in sustaining costs” (AISC) measure of gold production is on the rise, as it provides a more comprehensive look at costs than the traditional “cash cost” approach

Jan 21, 2016 Since establishing formal guidelines in 2013, the World Gold Council’s (WGC) All-In Sustaining Cost (AISC) has been an important metric for comparing costs per payable metal unit sold for gold mining companies. However, it should not be a surprise that there are many interpretations of AISC, even with explicit WGC guidelines