The average total cash cost plus sustaining capex (TCPS) for Australian gold miners has fallen in 2015 by US$180/oz, compared to the previous calendar year. The Australian weighted average gold TCPS unit cost is now estimated at US$830/oz, down 18% from US$1,010/oz in 2014. The depreciation of the Australian dollar has had a major impact in lowering US$ denominated costs, accounting for US$165/oz of the decrease; however, cost reductions have also flowed from savings in direct site production expenditure which fell by US$38/oz.
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Insight | Dec 2015
Australian gold mine costs drop by US$180/oz in 2015
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