Why Newmont Mining’s Costs Could Rise in 2018
Newmont Mining’s (NEM) all-in sustaining costs (or AISC) came in at $968 per ounce in 4Q17, which is 5.4% higher year-over-year (or YoY) and 2.7% sequentially. The increase in unit costs is mainly due to higher mill maintenance costs at Boddington and higher sustaining capital expenditure. Its full-year AISC came in at $924 per ounce, which is 1% higher than 2016.