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Comparison Of All-In Sustaining Costs, Gold Grade, And Gold Prices In North American Gold Mining Companies, David Abiodun
Comparison Of All-In Sustaining Costs, Gold Grade, And Gold Prices In North American Gold Mining Companies, David Abiodun
Graduate Theses & Non-Theses
Mining has evolved into an equilibrium of ore deposit management, environmental stewardship, and economic profitability that necessitates a proper understanding of economics and production efficiency. The All-In Sustaining Cost (AISC) was introduced in 2013 to better capture the cost of producing one ounce of gold and, when compared with the gold price and grade, could describe a company’s gold production efficiency. In this paper, this novel analysis focuses on US and Canadian operations under Barrick and Newmont, the two largest gold mining companies in North America, from 2019-2022. Published data for Coeur and Kinross were also secondarily analyzed. Under Newmont …