Cost curve position remains an important value differentiator for mining companies especially during periods of low metal prices For precious metal companies the standard nonGAAP cost reporting methodology are the World Gold Council WGC guidelines first published in 2013 and consist of three components Adjusted Operating Costs Allin Sustaining Costs AISC and Allin Costs AIC
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Mining Method Processing Technology HME Type HME Model Job Category Job Title Contact Name Search result 103 assets Add Search Criteria Main Categories Company Cash Costs Total Cash Costs AISC Allin Costs Currency Mining OP Mined UG Mined Blended OpUG Mined OP Milled UG Milled Blended OpUG Milled Direct
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remains the generally accepted standard of reporting cash costs of production by gold mining companies Allin Sustaining cost and Allin Cost Allin Sustaining Cost was widely adopted in 2013 senior gold companies worked with the World Gold Council to come up with this new measure
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In fact it is common to hear industry insiders cite 1200 as the allin cost for mining a single ounce of gold Cost Reporting DebateDoes It Really Cost 1200 to Mine One Ounce The 1200 price tag is still questioned by investors and industry insiders Most of the controversy boils down to how gold mining companies report on their
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Feb 16 2017 · Mining company strategies depend heavily on the current state of the market When the market is upside companies develop marginal highcost lowproductivity mineral deposits supported by high commodity prices But when the market is down companies respond by slashing costs – a natural response to a shifting market cycle
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Jan 06 2015 · The Allin sustaining costs or AISC is a new metric now widely used in the gold mining industry since the secondhalf of 2013 This new metric has been introduced by the World Gold Council in
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May 22 2016 · The importance of allin sustaining costs One of the most universally accepted and transparent measures of mining efficiency is the allin sustaining cost
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Nov 02 2020 · The decrease in cost per pound in Q3 2020 was the result of higher production reduced mining costs and higher byproduct credits for the gold and
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Standardised metrics provide further transparency into the costs associated with gold production and can be helpful to investors governments local communities and other stakeholders in understanding the economics of gold mining Allin Sustaining Cost AISC aims to betterreflect the full cost of keeping the mine in business
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Insights into Mining Guidance Note on AISC and AIC The World Gold Council publishes update in response to new accounting standards and to support consistency of application Share 1000 “AISC” and Allin cost “AIC” which was first issued in June 2013
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Mining Method Processing Technology HME Type HME Model Job Category Job Title Contact Name Search result 103 assets Add Search Criteria Main Categories Company Cash Costs Total Cash Costs AISC Allin Costs Currency Mining OP Mined UG Mined Blended OpUG Mined OP Milled UG Milled Blended OpUG Milled Direct
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May 22 2016 · The importance of allin sustaining costs One of the most universally accepted and transparent measures of mining efficiency is the allin sustaining cost
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Mining Cost Service is the industry standard reference for Mining Cost Estimation This system places cost estimating data at your fingertips with conveniently indexed information to make your cost estimates faster easier and more credible Monthly updates assure that you are working with the most current cost
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Apr 17 2013 · The first thing gold investors should note is that the true allin costs to produce an ounce of gold excluding writedowns was 1287 for 2012 which is around a 10 increase in costs over 2011
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In fact it is common to hear industry insiders cite 1200 as the allin cost for mining a single ounce of gold Cost Reporting DebateDoes It Really Cost 1200 to Mine One Ounce The 1200 price tag is still questioned by investors and industry insiders Most of the controversy boils down to how gold mining companies report on their
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Cash costs in mining are the costs of production at site level per unit of output Cash costs include operational cash costs at site level This includes transport refining and administration costs and royalties excludes noncash costs such as depreciation and amortisation excludes costs not at site level such as head office costs
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Nov 02 2020 · The decrease in cost per pound in Q3 2020 was the result of higher production reduced mining costs and higher byproduct credits for the gold and
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Dec 19 2019 · M i ning Intelligence a sister company looked at costs at new primary gold development projects using its proprietary database and ranked them based on allinsustaining costs
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May 21 2013 · Typically it is a lower cost mining method meaning lower grades of ore are economic to mine Underground mining occurs when the ore body is too deep to mine profitably by openpit In other words the quality of the orebody is high enough to cover the costs of complex engineering underneath the Earth’s crust When Technicals and Quality Align
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Jun 27 2013 · The World Gold Council unveiled on Thursday new metrics to measure mining costs in an effort to provide more clarity on the economics of gold mining These new metrics called “allin
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Allin sustaining cost was devised by the World Gold Council and senior gold companies to standardize a measure that adequately addresses allin costs It includes sustaining capital and GA
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Mar 12 2013 · At the same time the new mines are being built in the middle of nowhere I nearly fell over backward at the cost of one mine in Ghana Diesel fuel accounted for 50 of its production costs because all of its power had to be provided by diesel generatorson a deposit mining just 2 gt
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May 21 2013 · Typically it is a lower cost mining method meaning lower grades of ore are economic to mine Underground mining occurs when the ore body is too deep to mine profitably by openpit In other words the quality of the orebody is high enough to cover the costs of complex engineering underneath the Earth’s crust When Technicals and Quality Align
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May 18 2018 · Save Article The gold mining stocks we have identified have low Allin Sustaining Costs ASIC relative to their peers SmallCapPower May 18 2018 Gold prices continue to decline having decreased 44 MM from US1350 last month to US1290 today including a US30 drop over the past three gold prices generally increase in times of economic and political instability
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Mining financial modeling valuation course objectives By the end of this mining valuation course you will be able to Understand key mining terms and definitions used in the industry and in valuation Understand the mining life cycle from start to finish for assets projects and operating mines
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May 23 2017 · A new metric has since been developed by the World Gold Council to report the “allin sustaining costs” of mining gold These numbers report that the cost of extracting an ounce of gold is actually over 1000 per ounce well above the aforementioned numbers And since gold is currently trading at just over 1200 per ounce it explains why
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Nov 29 2018 · Now the resultsThe Cost to Mine One Bitcoin Average ‘allin’ cost 6800btc Average cash cost 3400btc In our June report we estimated a marketaverage allin cost
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Apr 21 2017 · Youll note that all of these gold miners have done a good job of reducing their costs over the past five years as gold prices have retreated from nearly 1900 an ounce back in 2011
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