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Australian gold mine costs drop by US$180/oz in 2015


Australian gold mine costs drop by US$180/oz in 2015

Report summary

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. 

What's included?

This report includes 2 file(s)

  • Australian gold mine costs drop by US$180/oz in 2015 PDF - 336.98 KB 5 Pages, 2 Tables, 5 Figures
  • Australian gold mine costs drop by US$180 in 2015.xls XLS - 318.00 KB

Description

This Metals Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For industry participants and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making.

Our analysts are based in the markets they analyse and work with high-quality proprietary data to provide consistent and reliable insight.

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  • Executive summary
  • 2015 cash costs
  • Cost reduction drivers
  • Outlook

In this report there are 7 tables or charts, including:

  • Executive summary
  • 2015 cash costs
    • Chart: Australian gold cost curve (total cash cost plus sustaining capex) 2015
    • Chart: Breakdown of change in 2015 Australian gold TCPS cost
  • Cost reduction drivers
    • Australian gold mine costs drop by US$180/oz in 2015: Image 3
    • Australian gold mine costs drop by US$180/oz in 2015: Image 4
    • Table: Australian gold direct cash production cost (per tonne)
    • Table: Australian gold mine strip ratio, head grade and recovery (2015 versus 2014)
  • Outlook
    • Chart: 2016 Australian gold cost curve (total cash cost plus sustaining capex) 2016
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