Agnico Eagle warns diesel prices could add $80/oz to 2027 gold cost

Energy input costs are becoming a live margin variable for gold producers, and the fact that a top-tier operator is quantifying diesel exposure this precisely suggests the drag is being felt across the cost curve, not just at marginal mines. The equity reaction, amplified by a broader mining selloff, points to how sensitive the sector's valuation is to cost-per-ounce surprises. The open question is whether this stays a pass-through cost story or starts reshaping production planning and hedging behavior among producers.