Randgold’s Bristow on all-in sustaining cost vs cash costs, and the gold industry is bust at $1300

all-in vs cash

Photo: Miningglobal.com

Do you agree with Mark Bristow on the issue of all in sustaining cost (AICS) vs cash cost?

The gold mining industry was fundamentally broke at a gold price of $1 300/oz, Randgold Resources CEO Dr Mark Bristow said on Wednesday.Speaking to journalists at a media lunch, Bristow said the industry was unable to make returns at that low level of gold price range.

Continue reading

Advertisements