Australian Gold Miners Post Good Output Results, but Cost Concerns Linger

Dow Jones07-09 09:05

0105 GMT - Australian gold miners' recent updates have largely focused on FY 2026 production and cash results, with outcomes generally stronger than UBS's forecasts, the bank says in a note. "However, we are yet to see FY27 guidance and believe market expectations remain too low on costs, given the impact of high prices, the Middle East conflict and ongoing industry inflation," UBS says. It forecasts the Australian gold industry's all-in sustaining costs to increase by roughly A$150/oz in FY 2027 and for cost inflation to be a key theme of upcoming annual guidance. The bank says it continues to favor "quality, defensive exposure, with higher-margin producers" such as Newmont and Capricorn Metals. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

July 08, 2026 21:05 ET (01:05 GMT)

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It forecasts the Australian gold industry's all-in sustaining costs to increase by roughly A$150/oz in FY 2027 and for cost inflation to be a key theme of upcoming annual guidance. The bank says it continues to favor \"quality, defensive exposure, with higher-margin producers\" such as Newmont and Capricorn Metals. 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