Commodity Portfolio: Gold

MineSpans Gold Service

MineSpans Gold service is accessible through an interactive client portal that gives access to global cost curves, supply and demand figures, and detailed data and individual mine models



primary and secondary mines


primary and secondary gold projects


countries covered


Moz cost curve and supply coverage

What We Do

Gold Cost Curves and Models

  • Highly granular historical and forecasted cash costs broken down by activity, including mining, processing, overhead, freight, treatment charge, refining charge, by-products, royalties, and additional full sustaining costs, such as sustaining capital expenditure and corporate selling, general, and administrative costs
  • Detailed cost analysis by factors such as diesel, electricity, labor, consumables, and more

Gold Supply and Demand Outlooks

  • Supply forecasts based on key parameters, including development stage, project type, location, owner, mining-specific country risk, and capital requirement
  • Proprietary methodology for mill-head grade and reserve-grade erosion, life of mine, and supply scenarios
  • Demand outlook based on McKinsey’s internal demand model

Individual Mine Models

  • Excel outputs that feature supply and cost breakdowns, including by parameters such as material moved, run of mine, strip ratio, recoveries, and grade
  • Flexing of macroeconomic input commodity price, exchange rate, oil price, wage, and power price

Interested in connecting with a MineSpans Gold expert? 

Our Commodities

Base metals


Base metals


Base metals / Battery materials


Battery materials


Battery materials


Bulk / Fertilizers