World Gold costs

  the world glod costs” and “all-in costs”  

 metrics, which gold mining companies 

their overall reporting disclosure. The 

World Gold Council has worked closely 

with its member companies to develop 

these non-GAAP measures which are 

intended to provide further transparency 

into the costs associated with producing 

gold.

It is expected that these new metrics, 

“all-in sustaining cost” and the “all-in cost”

will be helpful to investors, governments

, 

local communities and other stakeholders

in understanding the economics of gold 

mining. The “all-in sustaining costs” is an 

extension of existing “cash cost” metrics 

and incorporate costs related to 

sustaining 

production. The “all-in costs” includes 

additional costs which reflect the varying 

costs of producing gold over the life-cycle 

of a mine. It is up to individual companies 

to determine how they report to the market

and to decide whether their stakeholders 

will find these new metrics of value in 

understanding their businesses; it is 

expected that, since many companies 

report on a calendar year basis, they may 

choose to use these metrics from 1 

January 2014.

. All companies involved in gold-mining, 

including those which are not Members of 

the World Gold Council, will be free to 

use 

these metrics. Individual companies have 

responsibility for their own reporting, but 

we expect that many will use these new 

metrics, providing further consistency for 

investors and other stakeholders”