Consistent cost reporting for gold miners

The World Gold Council’s Terry Heymann discusses new cost reporting measures aimed at the gold mining industry.

By Helen Burnett-Nichols

Terry Heymann

With the goal of increasing transparency when it comes to the costs associated with producing gold, the World Gold Council released two new cost-reporting metrics for gold miners last week — “all-in costs” and “all-in sustaining costs.”

Terry Heymann, Director, Responsible Gold at the World Gold Council, talks to Minyanville about the new cost-reporting measures and how they may ultimately help investors better understand the economics of gold mining.

How long has the World Gold Council been working with its member companies [which include Goldcorp (NYSE:GG), Barrick Gold (NYSE:ABX), Eldorado Gold (NYSE:EGO), Kinross Gold (NYSE:KGC) and Newmont Mining (NYSE:NEM)] on this new guidance on cost metrics?

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