Mining News
Lowest cost gold mining companies in 2021 - report
(Kitco News) - The following is the list of the top 10 lowest cost gold mining companies in 2021 calendar year among the top 20 largest primary gold producers worldwide measured by output.
The ranking used all-in sustaining costs (AISC) metric that serves as a globally accepted benchmark of a mine’s operating efficiency.
With AISC of $715/oz, Russian gold miner Polyus was the lowest cost gold producer among the top 20 biggest gold miners in 2021. The company's AISC increased by 18% compared to 2020, primarily due to higher stripping expenses and higher sustaining capital expenditures.
Endeavour Mining sits second. The company’s consolidated AISC from continuing operations amounted to approximately $880/oz in 2021, an increase of $27/oz or 3% over 2020, primarily due to increases at Boungou, Karma and Mana, which were partially offset by the addition of the low cost Sabodala-Massawa mine and stronger production from the lower cost Houndé and Ity mines.
B2Gold is third with total AISC (including estimated attributable results for Calibre) of $888 per ounce sold in 2021, within the company's guidance range of between $870 - $910 per ounce and $100 per ounce (13%) higher than 2020.
SSR Mining is fourth with AISC of $955 per gold equivalent ounce in 2021, beating the previously lowered AISC guidance range of $1,000 to $1,040 per ounce.
Australia’s Evolution Mining sits fifth with AISC of $989/oz in 2021 calendar year.
The complete list is on the chart.
Lowest cost gold mining companies in 2021
