Sprott CEO

Mining

Sprott Asset CEO on Rising Mining Costs, Gold Demand, and Election Impact | John Ciampaglia

Gold prices surged near $2,800 an ounce, supported by central bank buying and geopolitical tension, while inflation pressures have sent mining costs soaring. John Ciampaglia, CEO of Sprott Asset Management, told Kitco Mining’s Jeremy Szafron that all-in-sustaining costs (AISC) for miners have jumped 50% since 2020, with energy and labor inflation driving up expenses. Ciampaglia discussed the U.S. election’s potential…