- For every ounce of gold a mining company produced in 2020, it got to pocket $828 on average. Much higher than the previous record of $666 set in 2011.
- Exploration spending in the goldfield rose about 1.2% from 2019 levels, to end at $4.34 billion.
- The producer with the world’s lowest cost per ounce in 2020 was Polyus. The Russian miner’s AISC was only $604/oz.
- Franco-Nevada reported phenomenal 2020 results: record revenue of $1 billion, record net income of $326 million and record cashflow of $840 million.
For further details see:
Gold Miners Recorded Record High Margins In 2020