Country Report
Global copper mine cost summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Wood Mackenzie's Q3-2026 Global Copper Mine Cost Summary examines how a strong precious-metals rally is reshaping the cost and margin picture. Strong gold and silver by-product credits are still set to pull global copper C1 plus sustaining costs lower in 2026, offsetting a broad cost shock from oil, inflation tied to the Middle East conflict, and appreciating producer currencies. With copper commanding a wide premium over high-percentile costs, residual cash flow stays healthy while producers keep capital spending in check. C1 costs plus sustaining capex for probable projects increased by 10% quarter-on-quarter, while initial capex intensity rose by 16%. Highlighting the growing capital requirements and cost pressures.
Table of contents
- Associated data and slide pack for the analysis can be found in the Downloads section of this report (above right).
Tables and charts
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What's included
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