Silver AISC: Reported Cost, by Company

• Lowest first
• Q2 2026
• 8 of 8 companies in the 2026 cohort state a comparable figure.

All-in sustaining cost (AISC) is a non-GAAP measure. Each company defines it in its own filings, and the figures on this page are consolidated AISC exactly as each company states it: no adjustments, no recalculations. Where a company states its consolidated figure on a particular basis (by-product credits, gold-equivalent ounces), the basis is noted beside its rows and applied consistently across its history.

Rank	Company	Basis	Reported AISC (US$/oz)	Source
Rank 1	Hecla Mining Company HL		Reported AISC (US$/oz) $6.07	Source [1]
Rank 2	Pan American Silver Corp. PAAS		Reported AISC (US$/oz) $17.80	Source [2]
Rank 3	Silvercorp Metals Inc. SVM		Reported AISC (US$/oz) $18.38	Source [3]
Rank 4	First Majestic Silver Corp. AG	Basis AgEq	Reported AISC (US$/oz) $25.68	Source [4]
Rank 5	Endeavour Silver Corp. EXK		Reported AISC (US$/oz) $36.89	Source [5]
Rank 6	Avino Silver & Gold Mines Ltd. ASM	Basis AgEq	Reported AISC (US$/oz) $38.75	Source [6]
Rank 7	Americas Gold and Silver Corporation USAS		Reported AISC (US$/oz) $40.63	Source [7]
Rank 8	GoGold Resources Inc. GGD	Basis SEO	Reported AISC (US$/oz) $40.78	Source [8]

Companies that state the same figure share a rank, and the next rank skips the places they take.