| |
7 Pages

Mine cash costs and margins - who hurts most?

Mine cash costs and margins - who hurts most?

Report summary

Using our detailed mine cost research we compared average total cash plus sustaining capital costs, and resulting cash margins, across the copper, nickel, zinc, gold, bauxite, coal and iron ore sectors from 2012 through to 2014.  Most commodities show strong falls in average operational cash margins due to sinking prices combined with increasing or flat cash costs.  Copper, gold and export metallurgical coal have the greatest reduction in margins, with drops ranging from -26% to -33%. ...

What's included?

This report includes 2 file(s)

  • Mine cash costs and margins - who hurts most? PDF - 536.62 KB 7 Pages, 1 Tables, 5 Figures
  • Mine cash costs and margins - who hurts most? XLS - 123.50 KB


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.

We provide unique in-depth analysis of the metals supply industry so you can make confident strategic decisions.

  • Executive summary
  • Measuring mine costs and margins – the right tool for the job
  • Average mine cash costs and margins
  • Profitability and margins
  • Breakeven costs and the cost curve

In this report there are 6 tables or charts, including:

  • Executive summary
  • Measuring mine costs and margins – the right tool for the job
  • Average mine cash costs and margins
    • Change in overall cash margin 2012 - 2014
    • 2013 - Total cash plus sustaining cost and cash margins ('normal' costing, % of price)
    • Overall cash margin ('normal' costing, % of price) 2012 - 2014
    • Global average 'normal' cash costs and margins 2012 - 2014
  • Profitability and margins
    • Mining industry cash costs and margins (base metal 'normal' costing example)
  • Breakeven costs and the cost curve
    • Typical nickel cost curve C1™ and Total cash plus sustaining capital cost
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.