Welcome to the latest edition of the North America Gold Mines Quarterly Summary to 31 December 2019 produced by CSA Global.
For the quarter ending 31 December 2019 reported gold production totalled 3.5 Moz, with Canada producing more than the USA. Barrick Gold’s and Newmont’s Carlin mine in the USA was the largest gold producer with 449,000 oz, followed by Alamos Gold’s Island mine (386,000 oz) in Canada and Barrick Gold’s and Newmont’s Cortez mine (216,000 oz) in the USA.
The average gold price (London PM Fix) for the quarter was US$1,482/oz. The average reported All-in Sustaining Costs (AISC) was US$1,103/oz and to be considered in the lowest cost quartile an AISC of less than or equal to US$800/oz was required. The mine with the lowest reported AISC was St Barbara’s and Moose River Resources’ Atlantic Gold mine in Canada with an AISC of US$507/oz, this was followed by Alamos Gold’s Island mine (US$653/oz) in Canada and Barrick Gold’s and Newmont’s Long Canyon mine (US$657/oz) in the USA.