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AISC margin

See a producer's margin per ounce at a metal price you choose, and how it moves if the price rises or falls.

Example numbers are loaded. Replace them with figures from the company's own filings.
AISC margin per ounce
$550
27.5% of the price
AISC margin × ounces sold
$33,000,000
Price changePriceMargin per oz
-20%$1,600$150
-10%$1,800$350
As entered$2,000$550
+10%$2,200$750
+20%$2,400$950
Before income taxes, growth capital, exploration outside sustaining costs, and financing costs. Not a profit or cash flow figure.

How it works

All-in sustaining cost (AISC) is a producer's cost per ounce. Under World Gold Council guidance it covers mining, processing, site and corporate G&A, royalties and production taxes, sustaining capital and reclamation, less by-product credits.

AISC is a non-GAAP measure. Most producers follow the World Gold Council guidance, and NI 52-112 requires a reconciliation to the financial statements in the MD&A. Check what is included before comparing two companies.

Margin is the metal price minus AISC. It is before income taxes, growth capital, exploration outside sustaining costs and financing costs, so it is not profit or cash flow. The table shows the margin if the price were 10% or 20% higher or lower than the price you enter.

For education only. Not investment advice. The results are only as good as the numbers entered; check every figure against the company's own filings. See the Disclaimer.

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