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The all-in sustaining cost (AISC) metric used by miners has a fundamental flaw: it excludes developmental and expansionary capital expenditures, which represents a significant and artificially conceals the true cost of production

causalpending

Speaker

Steve St. Angelo

Evidence Quote

“the problem is most of the miners are are are are deducting their developmental or expansionary Capital so they don't include that in their cost in their all and sustaining cost but that could be a significant amount”

Source

Steve St. Angelo: Exponential Debt Cycle is Past the Point of no Return— Palisades Gold Radio
Created: 8/10/2026, 11:27:09 PM

My Notes

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