Is AISC the same as cash cost?

No. Cash cost covers direct production only; AISC adds sustaining capital, royalties and corporate overhead for a fuller per-ounce figure.

Does AISC put a floor under the gold price?

It creates supply pressure when price approaches it, but the adjustment takes quarters. It is not a level that supports price intraday.

Why do miners report different AISC figures?

Because it is an industry guidance measure rather than a strict accounting standard, so inclusions vary and definitions must be read per company.

How can a trader use AISC?

As multi-quarter context on producer margin and supply discipline, not as a timing or entry input for XAUUSD.

WHAT IS AISC?

AISC, or all-in sustaining cost, is the cost per ounce of producing gold and sustaining that production. It extends cash cost to include sustaining capital expenditure, exploration at existing operations, royalties and production taxes, and corporate overhead, while generally excluding growth capital for new projects and financing costs.

Because AISC is an industry guidance measure rather than a strict accounting standard, definitions differ between producers and figures must be compared carefully. When the gold price approaches sector AISC, higher-cost operations become uneconomic and supply discipline follows, which underpins the cost-floor argument — but closure decisions play out over quarters, making AISC multi-quarter context rather than a level that supports XAUUSD intraday.