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Dunn To PerfectionFoundation

Fundamental Analysis · Module 1: Supply & Demand · Lesson 2

Mine Production

Intermediate 6 minLesson 2 of 6

Learning objectives

  • Explain mine production in plain language
  • Understand why it matters to markets
  • Recognise a common misconception

The concept

China, Russia, Australia, Canada, and the U.S. are among the largest producers. New mines take 10+ years to develop.

Why it matters

can't quickly respond to price changes.

How markets interpret it

All-in sustaining costs (AISC) show what it costs miners to produce.

Key takeaways

  • Mine supply is slow to respond.

Knowledge check

Developing a new gold mine typically takes…

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