Gold Price Up 70%, Costs Up 16%: Miners’ Decarbonization Test - CarbonCredits.com

AI desk brief

Gold miners are sitting on record margins as prices outpace costs: spot gold was about $4,183/oz on Sept. 29, while the WGC put Q1 2026 global AISC at a record $1,785/oz, up 16% YoY versus a roughly 70% YoY rise in gold prices. The Q2 LBMA Gold Price PM averaged $4,506.29/oz, still 37% above Q2 2025, leaving an estimated $2,721/oz gap to the latest global AISC benchmark and giving miners ample cash flow for growth, dividends, buybacks and decarbonization spending.