The trend is set to continue, sources said, with mining costs likely to remain inflated for the foreseeable future. High inflation has been an ongoing economic theme in Western economies since early in 2021. Inflation, measured by the US consumer price index, has been above 3% since May 2021, peaking at 9% in July 2022. Inflation’s impact on mining company profits has been notable, with various miners citing rising wages and energy costs as major factors affecting their margins. Several mining companies used their year-end production and financial reports to highlight the challenges caused by high inflation. In its ... (full story)