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Gold sector robust as cost pressures increase

Senior gold producers saw their all-in sustaining costs (AISC) increase by an average of 12.5% to US$1,201 per ounce in the quarter to March 31 compared with the $1,068/oz in the prior year period. AISC increased 5.3% compared with the December 2021 quarter.

Paul Harris
Lundin Gold's Fruta del Norte in Ecuador

Lundin Gold's Fruta del Norte in Ecuador

Kinross Gold and IAMGOLD were the companies feeling cost pressures the most with AISC up 27.7% and 20.4% respectively year-on-year, although both reported a fall in AISC compared with the December 2021...

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