Welcome to the latest edition of the North America Gold Mines Quarterly Summary to 30 September 2018 produced by CSA Global.
For the quarter ending 30 September 2018 reported gold production totalled 3.7 Moz, with USA the largest producer closely followed by Canada. Barrick Gold Corp’s Nevada operations in the USA once again was the largest gold producer with 451,000 oz, followed by Newmont Mining Corp’s Carlin mine (183,000 oz) in USA and Agnico Eagle and Yamana Gold’s Canadian Malartic mine (183,726 oz) in Canada.
The average gold price (London PM Fix) for the quarter was US$1,213/oz. The average reported All-in Sustaining Costs (AISC) was US$1,099/oz and to be considered in the lowest cost quartile an AISC of less than or equal to US$709/oz was required. The mine with the lowest reported AISC was Premier Gold Mines’ 40% share of the South Arturo mine in the USA with an AISC of US$498/oz, this was followed by Atlantic Gold Corp’s and Moose River Resources’ Moose River mine (US$527/oz) in Canada and Newmont Mining Corp’s Long Canyon mine (US$584/oz) in the USA.