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AIC in mining

AIC is an abbreviation for “all-in costs”, a measure, defined by the World Gold Council, as the cost of sustaining current mining operations and expanding production. It is expressed in terms of US$ per ounce of gold sold. It comprises AISC (see definition) plus permitting/community costs not related to current operations, reclamation costs not related to current operations, non-sustaining exploration and study costs, non-sustaining capital exploration/development and non-sustaining capital expenditure.

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