Gold Price - Where is it heading?

[rederob]

AU$6000 bites the dust... so roll on gold to AU7000...

 

[finicky]

"With many gold producers publishing AISCs below AU2,000 .."

AISC below AU$2,000! Not many I know of.
In fact, I thought none in Australia until I clarified for myself that Copper (or Silver) sales credits are deducted from a gold miner's AISC in accounting. Even then only one is obviously doing an AISC like that for a full year - that being Evolution Mining (EVN) in FY2025. Evolution producing significant copper along with its gold. West African Gold (WAF) might squeak in - probably not after government imposts. What others? Perseus (PRU)? So either a copper co-product miner or African located and risky - that's not many.

 

[TimeISmoney]

AISC below AU$2,000! Not many I know of.
In fact, I thought none in Australia until I clarified for myself that Copper (or Silver) sales credits are deducted from a gold miner's AISC in accounting. Even then only one is obviously doing an AISC like that for a full year - that being Evolution Mining (EVN) in FY2025. Evolution producing significant copper along with its gold. West African Gold (WAF) might squeak in - probably not after government imposts. What others? Perseus (PRU)? So either a copper co-product miner or African located and risky - that's not many.

I hear most say that AISC is a dodgy metric anyway.

"Pantoro Gold provides FY2026 production guidance of 100 – 110 Koz of gold at an AISC of $1,950-$2,250 per ounce."

https://data-api.marketindex.com.au...rterly-activitiesappendix-5b-cash-flow-report

https://announcements.asx.com.au/asxpdf/20250805/pdf/06mjnlswh780j5.pdf

 

[divs4ever]

according to Marketwatch gold has reached $US 4008 tonight ( so far )

 

[DannyB0000]

https://www.cnbc.com/2025/10/07/gold-4000-record.html

Gold passes $4000 usd an ounce for the first time ever, that's about $6000 an ounce in our money. Gold miners would be making a tonne of money now.

 

[Rosscoe62]

Gold has come back slightly, mainly due to the DXY increasing a little in value.

 

[mullokintyre]

$4k before the end of October.
Mick

Only took till the 8th of October.
Micl

 

[Antirnator]