The gold price remains at record levels but Australian gold producers are experiencing cost creep.

Mid-tier and junior gold miners just finished reporting spectacular record quarterly results.

The state-owned miner said its own output totaled 634,000 metric tons, up 9% from the same period last year.

The $250 million refinery in Temiskaming Shores, Ontario, has been on hold since its construction was halted in August 2023.

US metal dealers are redirecting China-bound shipments of scrap through Canada, Mexico and Vietnam to avoid 10% import tariffs.

Volumes for the Guangzhou Futures Exchange in July racked up the busiest month since the lithium contract was launched in 2023.

The miner's gold production rose 24% to 1.136 million ounces in Q1.

A modest domestic deficit in August will flip to oversupply in September as mines resume output, analysts predict.

Both the benchmarks had fallen for six straight sessions through Wednesday.