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Record gold prices outpace rising mining costs in Q1’26 | Post by Oliver Blagden | Insights - World Gold Council

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DW NOTE

Gold miners are bragging about margins while the ore grade keeps falling. The World Gold Council won't mention that all-in sustaining costs rose 8% year-on-year in Q1, or that the average reserve life at major producers dropped to 11.4 years. Record prices don't overcome depletion—they just delay the reckoning.

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Record gold prices outpace rising mining costs in Q1’26 | Post by Oliver Blagden | Insights - World Gold Council

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