World’s No. 2 Gold Miner Says Diesel Risks Driving Up 2027 Costs

Agnico Eagle Mines warned that rising diesel prices, exacerbated by Middle East supply disruptions, could increase gold production costs by up to $80 per ounce in 2027. Shares fell 4.5% as the mining sector grapples with inflationary pressures on key inputs like fuel and sulfur.