Lowest cost gold mines in North America: Q1 2020 overview

Barrick’s Long Canyon mine in Nevada was the lowest cost gold operation in North America in Q1 2020.

The following is an overview of the top ten lowest cost gold operations in North America during Q1 2020 created by Mines and Metals on the basis of companies’ reports.

To outline the boundaries of North America region, Mines and Metals followed the UN definition that formally recognizes “North America” as a region comprising three areas: Northern America, Central America, and The Caribbean. This has been formally defined by the UN Statistics Division.

Mines and Metals looked at costs at operating gold mines in North America in Q1 2020 using all-in sustaining costs (AISC) metric that serves as a globally accepted benchmark of a mine’s operating efficiency.

The ranking excludes privately-owned mines, tailings re-processing operations and mines where the precious metal is reported as a by-product.

Long Canyon, Barrick’s gold mine in Nevada, USA, tops the list of lowest cost gold mines in North America with AISC of $561/oz in Q1 2020.

Another Barrick’s Pueblo Viejo mine in the Dominican Republic is second with AISC of $626/oz.

Moose River mine owned by St Barbara and located in Canada, is third lowest-cost gold mine in North America with AISC of $628/oz achieved in Q1 2020.

Alamos Gold’s Island Gold mine in Canada is fourth with AISC of $670/oz in Q1 2020.

Newmont’s Penasquito mine in Mexico sits fifth with $769/oz AISC in Q1 2020.

The complete list is below.

Lowest Cost Gold Mines in North America: Q1 2020 Overview. Source: Mines and Metals.

MineCountryMajor owner / operatorQ1 2020 AISC, $/ozQ1 2019 AISC, $/oz% change
1Long CanyonUnited StatesBarrick5615169
2Pueblo ViejoDominican RepublicBarrick62654315
3Moose River ConsolidatedCanadaSt Barbara628667-6
4Island GoldCanadaAlamos Gold6706493
6Los Filos – BermejalMexicoEquinox Gold804n/an/a
7Turquoise RidgeUnited StatesBarrick80659236
8Nevada OperationsUnited StatesHecla8083,056-74
9MacassaCanadaKirkland Lake85060241

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