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

Annie Gilroy
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.