Comparison Of the Production Data of Some Major Gold Producers in 2018

Back in 2018, there was some change on the gold pattern in the world, mainly due to the combination of giants and the separation of relatively inferior projects. We make a general introduction on the production data of some major gold producers in 2018, and maybe we could find their competitiveness.

1. Newmont Mining

In 2018, Newmont produced 5.101 million ounces of gold, down 3% year-on-year; the gold sales revenue reached 6.95 billion US dollars, down 1.61% year-on-year.

In 2018, Newmont’s gold sales cost was $708 per ounce, up to $16 per ounce; the total gold maintenance cost (AISC) was $909 per ounce, up to $19 per ounce from last year.

2. Barrick Gold Corporation

Due to the decline in the grade of most mines, Barrick produced 4.527 million ounces of gold in 2018, down 15% year-on-year (excluding the impact of the 50% equity conversion of Belladro on June 30, 2017, gold production fell by 13% year-on-year) The Gold sales revenue was $6.6 billion, down 14% year-on-year.

In 2018, Barrick’s gold sales cost was $892/oz, up $98/oz, and the total gold maintenance cost (AISC) was $806/oz, up $56/oz.

Remarks: Barrick Gold’s 2018 annual report shows that the company lost $1.545 billion.

3. Anglogold Ashanti

In 2018, Anglo American Gold Ashanti produced 3.4 million ounces of gold, down 9% year-on-year; realized sales revenue of 4.39 billion US dollars, down 8.79% year-on-year.

In 2018, Anglo-American Gold Ashanti’s gold sales cost was $773 per ounce, down $19 per ounce; the total gold maintenance cost (AISC) was $976 per ounce, down $78 per ounce.

4. Kinross Gold Corporation

In 2018, they produced 2.45 million ounces of gold, down 3% year-on-year; realized sales income of 3.213 billion US dollars, down 2.74% year-on-year.

In 2018, their gold sales cost was $723/oz, up to $79 per ounce; gold integrated maintenance cost (AISC) was $965/oz, up to $11 per ounce.

5. Polyus Gold

In 2018, Polyus Gold produced 2.44 million ounces of gold, up 13% year-on-year; realized sales of 2.876 billion US dollars, up 7% year-on-year.

In 2018, Polyus Company’s gold sales cost was $348/oz, down $122/oz from the previous year; the gold comprehensive maintenance cost (AISC) was $605/oz, up to $33/oz.

6. Freeport-McMoRan

In 2018, Freeport McMolan Copper and Gold Co., Ltd. produced 2.416 million ounces of gold, up 55% year-on-year; realized sales income of 2.97 billion US dollars, up 51.9% year-on-year.

In 2018, their gold sales cost was $478 per ounce, down $62 per ounce; gold integrated maintenance cost (AISC) was $647 per ounce, down $77 per ounce

7. Newcrest Mining

In 2018, Newcrest Mining Company produced 2.416 million ounces of gold, up 55% year-on-year; realized sales income of 2.97 billion US dollars, up 51.9% year-on-year.

In 2018, Newcrest’s gold cost of sales was $478 per ounce, down $62 per ounce; gold integrated maintenance cost (AISC) was $647 per ounce, down $77 per ounce.

8. Goldcorp Inc.

In 2018, the Canadian Gold Company produced 2.3 million ounces of gold, down 11.5% year-on-year; realized sales revenue of 2.86 billion US dollars, down 10.7% year-on-year.

In 2018, their gold sales cost was US$676 per ounce, up 16 US dollars per ounce; gold integrated maintenance cost (AISC) was US$851/oz, up to US$27 per ounce.

9. Gold Fields

In 2018, Gold Field produced 2.036 million ounces of gold, down 6% year-on-year; realized sales income of 2.58 billion US dollars, down 6.5% year-on-year.

In 2018, their gold sales cost was $1,173 per ounce, up to $85 per ounce; the total gold maintenance cost (AISC) was $981 per ounce, up to $26 per ounce.

10. Agnico Eagle Mines

In 2018, Eagle Mining produced 1.627 million ounces of gold, down 5.1% year-on-year; realized sales of $2.19 billion, down 2.23% year-on-year.

In 2018, Eagle’s gold sales cost was $637/oz, up to $79 per ounce; gold’s comprehensive maintenance cost (AISC) was $877/oz, up to $73 per ounce.

11. Harmony Gold

In 2018, Harmony Gold produced 1.228 million ounces of gold, up 12.87% year-on-year; realized sales income of 1.584 billion US dollars, up 5.7% year-on-year.

In 2018, Harmony’s gold sales cost was $1018 per ounce, up to $18 per ounce year-on-year; the gold integrated maintenance cost (AISC) was $1,231 per ounce, up to $49 per ounce.

12. Sibanye Gold

In 2018, the company produced 1.177 million ounces of gold, down 16.1% year-on-year; realized sales income of 3.826 billion US dollars, down 10.33% year-on-year.

In 2018, the company’s gold sales cost was $1,190 per ounce, up to $203 per ounce; the gold integrated maintenance cost (AISC) was $1,309 per ounce, up to $181 per ounce.