The average cash balance of the nine companies covered fell to $1.
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Rising costs and declining production are beginning to make an impact on the quarterly results of the leading gold producers. The average all-in sustaining cost (AISC) jumped about US$100 per ounce in the September quarter to $1,090, which contributed to the aggregate working capital (current assets less current liabilities) falling below $16 billion for the first time since the March quarter of 2020.