The Concept Of Aisc In The Gold Mining Industry

8 days ago The average AISC for gold mines in Australia and New Zealand in the September quarter was A1335 an ounce up from 1189oz for the same period of 2018 It was also a 47 or 60oz increase over the June quarter Glencore and Evolution Minings Ernest Henry coppergold mine in Queensland was the

Aug 01 2018 All the costs of extracting the gold and sustaining the operation known as the Allin Sustaining Cost AISC on a per ounce basis varies with gold grade where at higher grades AISC is lower and vice versa But when collectively comparing the Australian gold industry as a whole such a relationship is not transferable between deposits

mining industry would lead to creation of 16 jobs in related industries that provide supply of goods and services for mining The conditions for sector development are considered as very favorable

1 An overview of the mining industry in South Africa and the region After a century of mining activity in South Africa the country remains one of the most geologically blessed regions in the world South Africa has more than half of the worlds reserves of manganese chromium and platinum group metals

May 21 2013 As the difference between gold and silver prices decreases ie the compression of the ratio history suggests silver prices can make big moves upwards in price The goldtosilver ratio compression is now at high levels and may eventually revert to its longterm average which implies a strong movement in prices is imminent for silver

Feb 13 2015 Randall Oliphant New Golds executive chairman says his company is an industry leader in disclosure noting that the Dundee report of last June recognizes New Gold and Goldcorp for being the only two of 18 companies the firm covered to report an AISC number that is closest to the definition created by the World Gold Council

The Real Cost of Mining Gold Kitco Commentary Cash cost is the cost to mine goldbearing rocks process the ore and sell the gold It factors in basic mining processing transport and refining costs but ignores sustaining capital general and administrative GA expenses and other associated costs

agreed concept of reserves defined as all quantities of minerals economically extractable from the ground The term aboveground reserves used mainly in the gold industry defines all quantities of gold that have already been mined in human history They include all stocks of jewellery gold held by central banks and private

Gold mining is a global business with operations on every continent except Antarctica and gold is extracted from mines of widely varying types and scale Mines and gold mining operations have become increasingly geographically diverse far removed from the concentrated supply of four decades or so ago when the vast majority of the worlds

The gold industry today finds itself at an inflection point between the recent era of costout initiatives and balance sheet deleveraging and an increasing need to focus on growth and the replenishment of depleting gold reserves However after a period of impairments writedowns and value destruction following the MA frenzy of the last gold price boom shareholders in search of improved

gold mine accounting Porgera Gold Mine Wikipedia the free encyclopedia The Porgera Gold Mine is a large gold and silver mining operation in Enga province More The Concept Of AISC In The Gold Mining Industry The Allin sustaining costs or AISC is a new metric now widely used in the gold mining industry since the secondhalf of 2013

There are currently two nonGAAP cost reporting measures employed by the gold mining industry Cash cost is the cost to mine goldbearing rocks process the ore and sell the gold It factors in basic mining processing transport and refining costs but ignores sustaining capital general and administrative GA expenses and other associated costs

Since establishing formal guidelines in 2013 the World Gold Councils WGC AllIn Sustaining Cost AISC has been an important metric for comparing costs per payable metal unit sold for gold mining companies However it should not be a surprise that there are many interpretations of AISC even with explicit WGC guidelines

Terry Heymann Director Responsible Gold WGC These new metrics have been developed to help provide greater clarity and improve investor understanding All companies involved in goldmining including those which are not Members of the World Gold Council will be free to use these metrics Individual companies have

Gold is hot Reported allin sustaining costs AISC indicate that strong margins prevail for the vast majority of Australian and New Zealand gold producers in 2016 The outlook for miners will continue to be positive if gold prices and exchange rates remain around present levels into 2017

Major Cost Components 3 South African Gold Mining 4 Metals Prices and Costs 5 Two Distinct Set of Factors Drive Mining Cash Costs The first set of factors relates to the actual costs of inputs Skilled labor mining materials equipment reagents structural

May 04 2015 Margins in this case are the difference between AllIn Sustaining Costs AISC per ounce of gold and the average price received per ounce so the bigger the better AllIn Sustaining Costs include cash production costs and royalties but also company overheads which I believe gives a more level comparison between companies

Sep 19 2014 AISC is the key metric we use when we talk about our operations because it is a more accurate reflection of the true costs of mining Barrick spokesman Andy Lloyd said

The mining industry has continued to face significant uncertainty volatility and pressure for cost containment since our 2014 survey This unpredictable business environment has given rise to a number of reporting trends

Jun 16 2013 AISC on the other hand will provide a tool to judge true allin production costs and we are in pleasant anticipation of the document laying out the agreed formulation for all gold miners to use

A year after the market development organisation for the gold industry published its guidance note outlining the allin sustaining cost AISC which covers daytoday operations and an allin

May 12 2018 New Gold reported allin sustaining costs AISC a number designed to capture the true longterm cost of mining of 845 US per gold ounce in the fourth quarter

Dec 23 2018 Working with the World Gold Council senior gold companies came up with a new standard to measure costs allin sustaining costs AISC

Eldorado Gold is another mining company that surprised Wall Street last year by producing an AISC of 900 an ounce versus its original AISC guidance of 940 to 980 an ounce

Sep 16 2015 Newcrest Mining GoldCorp Sibanye Gold Barrick Gold Agnico Eagle Mines The companies had falling cash margins In regards to the weighted

That the AISC concept was the brainchild of the World Gold Council says quite a lot also This dubious initiative has become some sort of industry practice that should be blackballed by miners In the world of physics and pretty much everywhere else there is the concept of an action engendering a reaction

Jan 16 2017 The mining industry is a fascinating space not only for the fact that almost everything around us comes from mining but also because of the possibility of striking gold with penny stocks that

Gold Institute Founded National Mining Association takes over Gold Institute WGC Established Deferred Stripping Accounting Gold Fields introduces concept of Notional Cash Expenditure Gold Institute Production Cost Standard Adopted Industry adopts AISC

An example might be where a gold mining company Company A buys a stream of gold production from another company through an upfront payment after which time it sells the gold received from the structured transaction This gold should not form part of Company As gold sales for the purposes of AISC or AIC

Nov 06 2017 Oceanagold is one of those companies It has one of the lowest AISC in the gold mining space and the share price reflects this The company has a steady 075 dividend and the share price is actually higher than 2013 when we saw the crash in the gold price Newmont Mining has also done very well with decreasing AISC