Lowest cost gold mining companies in 2021 - report
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