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Higher gold price eases pressure on producer margins
In Q4’23 gold miners’ global average all-in sustaining costs (AISC) rose again, up 2% q/q to US$1,342/oz as persistent cost inflation and a tight labour market continued to influence on-site operating costs. There is a silver lining however, because the rate of increase is slowing and the higher gold price has eased pressure on producer margins. Using the quarterly average spot price of US$1,977/oz, the global average margin in Q4’23 was a relatively healthy US$635/oz, creeping back towards the levels of H1’22, but still some way off the record margins of 2020. chart Local inflation within numerous producer ... (full story)
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- Posted: May 16, 2024 9:46am
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 422
