In the Press

Metals Focus are noticing higher costs for gold miners

The World Gold Council (WGC) has released a report highlighting the fact that the cost of production of gold could be on the rise. Adam Webb who is Director of Mine Supply at Metals Focus notes costs in the gold mining industry increased for the second consecutive quarter in Q1 2021, with the global average All-in Sustaining Cost (AISC) up by 5% q/q to $1,048/oz, reaching its highest level since Q2 2013.

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Gold mining costs continue rising in Q1’21

Costs in the gold mining industry increased for the second consecutive quarter in Q1’21, with the global average All-in Sustaining Cost (AISC) up by 5% q-o-q to US$1,048/oz, reaching its highest level since Q2’13. Adam Webb on Gold Hub for the World Gold Council.

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What spurred the global commodity market sell off

‘We have seen the dollar strengthen and that is bad news for gold over the short-term. But there would be inflation concerns and so the case for gold for the foreseeable future is still relatively strong’, Philip Newman MD of Metals Focus told CNBC-TV18.

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Gold prices to average $1,820 in 2021

Tuesday, Metals Focus published its annual Gold Focus report for 2021, and the analysts see a more tempered outlook for the precious metal as uncertainty over the global COVID-19 pandemic continues to ease. Kitco News.

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