All-in Gold Costs are Coming Down, and Here’s How Technology Can Help
During the three months to end-December 2016, most of the major gold mining companies reported a reduction in all-in sustaining costs, or AISC, compared with the previous quarter. Supported by the implementation of asset restructuring and improvement initiatives throughout the year, the gold majors managed to reduce AISC on the basis of both a quarter-on-quarter and year-on-year analysis.
The top 19 publicly listed gold companies that reported AISC produced gold at a weighted-average cost of $868/oz, slightly lower than the $889/oz in the third quarter, according to data from the SNL Metals & Mining database, an offering of S&P Global Market Intelligence.
