Insights

Sarah Tomlinson

Director of Mine Supply

Metals Focus

Gold 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.

Posted 3 days ago

Adam Webb

Director of Mine Supply

Metals Focus

Gold 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.

Posted 3 months 4 weeks ago

Krishan Gopaul

Senior Analyst, EMEA

World Gold Council

The 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.

Posted 4 months 2 weeks ago

Adam Webb

Director of Mine Supply

Metals Focus

Gold 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.

Posted 6 months 3 weeks ago

Adam Webb

Director of Mine Supply

Metals Focus

Gold miners’ costs rise again in Q3’22 but the rate of increase has slowed

Average all-in sustaining costs (AISC) in the gold mining industry increased by 1% q-o-q in Q3’22, reaching a new record high of US$1,289/oz.

Posted 10 months 4 weeks ago

Adam Webb

Director of Mine Supply

Metals Focus

Rising 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.

Posted 1 year 1 month ago

Adam Webb

Director of Mine Supply

Metals Focus

AISC in the gold mining industry reached their highest level on record in Q1’22

In Q1’22, all-in sustaining costs (AISC) increased by 9% q-o-q to reach US$1,232/oz – their highest level on record back to 2012.

Posted 1 year 3 months ago

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 1 year 7 months ago

Hannah Brandstaetter

ESG Programme Director

World Gold Council

Gold mining's social and economic impact

If responsibly mined, gold mining can contribute to the socio-economic development of the countries they operate in.

Posted 1 year 11 months ago

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 1 year 11 months ago

Hannah Brandstaetter

ESG Programme Director

World Gold Council

Gold 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.

Posted 2 years 2 months ago

Krishan Gopaul

Senior Analyst, EMEA

World Gold Council

Podcast: chatting with Dig Deep on all things gold

Listen to the latest episode of 'Dig Deep - The Mining Podcast', out this week on the latest trends in gold demand.

Posted 2 years 2 months ago

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 2 years 4 months ago

Trevor Keel

Consultant

World Gold Council

From mine to market – gold’s untold story

Gold is all around us and it touches many aspects of our life, often without us even knowing it. Explore mine to market – gold’s untold story, our new interactive map where you can discover gold's many uses.

Posted 2 years 6 months ago

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.

Posted 2 years 7 months ago

Hannah Brandstaetter

ESG Programme Director

World Gold Council

Gold mining's contribution to SDG 10

One of the ways gold mining companies are contributing to SDG 10 is by taking steps to ensure that economic and educational opportunities.

Posted 2 years 9 months ago

John Mulligan

Climate Change Lead and Market Relations

World Gold Council

Tracking gold mining's steps on the path to net zero

Our new research suggests where, over the next decade, we might expect gold mining to be if it continues on its current direction of travel, particularly if the sector is able to extend and accelerate current trends.

Posted 2 years 11 months ago

Jeff Swinoga

National Mining and Metals co Leader

EY Canada

Should gold mining be considered an impact investment?

Globally there’s an increasing shift of funds towards responsible and ethical investments. Contributor Jeff Swinoga explores gold mining as a responsible investment choice.

Posted 2 years 11 months ago

Terry Heymann

Chief Financial Officer

Congratulations to the 100 Global Inspirational Women in Mining

Today Women in Mining UK recognised women all over the world that are making significant contributions to the mining sector. As part of 100 Global Inspirational Women in Mining (WIM100) many women from our Member companies have been recognised and nominated by their peers for making positive and impactful contributions to the industry.

Posted 2 years 11 months ago

Terry Heymann

Chief Financial Officer

UN Global Compact: Gold Mining’s Contribution to the UN Sustainable Development Goals

Last week we launched our new report, Gold Mining’s Contribution to the UN Sustainable Development Goals. I had the pleasure of holding a panel discussion at the UN Global Compact event Uniting Business, which was held alongside the UN General Assembly.

Posted 3 years 1 month ago

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