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Gold for Australia ahead of Canada in mid-tier race

Research by Argonaut Securities shows that Australia’s mid-tier gold producers are lower cost than their North American counterparts.

Kristie Batten*

Gold And Silver > Research

Gold for Australia ahead of Canada in mid-tier race

Research by Argonaut Securities shows that Australia’s mid-tier gold producers are lower cost than their North American counterparts.

Kristie Batten*

Gold for Australia ahead of Canada in mid-tier race

Argonaut form guide has Australia's mid-tier gold companies producing at lower cost than their Canadian peers.

Despite a 5% rise in average all-in sustaining costs in the September quarter to A$1,137 an ounce, the Australian gold sector as a whole remained cashflow positive, thanks to an average gold price of $1639/oz.