We produced 6.12 million ounces of gold in 2015, at a cost of sales of $5.9 billion, and all-in sustaining costs of $831 per ounce.1
Our five core mines in the Americas are expected to account for about 70% of our total production in 2016 at all-in sustaining costs of $650-$700 per ounce. With an average reserve grade of 1.88 grams per tonne—more than double that of our peer group average—they are among the most attractive assets in the entire gold industry.
For 2016, our total production guidance is 5.0-5.5 million ounces of gold, at all-in sustaining costs of $750-$790 per ounce, and 380-430 million pounds of copper, at all-in sustaining costs of $1.95-$2.25 per pound.1
At the end of 2015, we reported gold reserves of 91.9 million ounces (2.16 billion tonnes, grading 1.32 grams per tonne).2 Measured and indicated gold resources were approximately 79.1 million ounces (1.4 billion tonnes, grading 1.84 grams per tonne).2
Our gold production guidance for 2017 is 5.0-5.5 million ounces, at all-in sustaining costs of $740-$790 per ounce. For 2018, our gold production guidance is 4.6-5.1 million ounces, at all-in sustaining costs of $725-$775 per ounce.
Our aspiration is to achieve all-in sustaining costs below $700 per ounce by 2019.