Advertisement
Canada markets closed
  • S&P/TSX

    22,011.72
    +139.76 (+0.64%)
     
  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     
  • DOW

    38,503.69
    +263.71 (+0.69%)
     
  • CAD/USD

    0.7320
    -0.0000 (-0.01%)
     
  • CRUDE OIL

    83.36
    0.00 (0.00%)
     
  • Bitcoin CAD

    91,007.38
    -247.99 (-0.27%)
     
  • CMC Crypto 200

    1,434.72
    +19.96 (+1.41%)
     
  • GOLD FUTURES

    2,335.40
    -6.70 (-0.29%)
     
  • RUSSELL 2000

    2,002.64
    +35.17 (+1.79%)
     
  • 10-Yr Bond

    4.5980
    -0.0250 (-0.54%)
     
  • NASDAQ futures

    17,736.25
    +129.50 (+0.74%)
     
  • VOLATILITY

    15.69
    -1.25 (-7.38%)
     
  • FTSE

    8,044.81
    +20.94 (+0.26%)
     
  • NIKKEI 225

    38,329.39
    +777.23 (+2.07%)
     
  • CAD/EUR

    0.6834
    -0.0002 (-0.03%)
     

Why Barrick Gold’s All-In Sustaining Costs Rose 21% YoY

Why Barrick Gold’s All-In Sustaining Costs Rose 21% YoY

Barrick Gold (ABX) reported AISC (all-in sustaining costs) of $856 per ounce and cost of sales of $882 per ounce in the second quarter. Its cost of sales reached 22.0%, and its AISC was 21.0% higher YoY (year-over-year). These costs were also higher than the company’s guidance ranges for the full year. However, some of these higher costs were anticipated by the company.