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Mining Production Costs
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Most mining companies release with their production costs associated with producing/selling a unit of a commodity, for example C1 cash costs, total cash costs, C2 Costs, C3 Costs, AISC (All-in Sustaining Costs), AIC (All-in Costs) and other variants. None of these cost metrics conform to GAAP (generally accepted accounting principles) or IFRS (International Financial Reporting Standards).
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What is the AISC (All-in Sustaining Cost)?
The AISC is an extension of existing cash cost metrics and incorporates costs related to sustaining production. It includes cash costs, sustaining capital expenditures, exploration expenses and general and administrative expenses. However it does exclude financing costs and taxes. For detailed information on AISC, please refer to the World Gold Council guidance note.
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What is Mine Census’ Real Cost?
Mine Census’ real cost of production uses audited financial numbers from the Income Statement and Cash Flow statement. The aim of this metric is to provide an indicative real cost of production.
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