At the mine site, the costs of key inputs have risen dramatically from their 2020 pandemic lows, when covid lockdowns caused a period of deflation.
orts by miners — led to record profits, share buybacks and beefed up dividends to shareholders. But inflation has returned. Last year, a combination of covid stimulus funds, supply chain stresses, pent-up demand and a loosening of covid restrictions pushed inflation rates in the U.S. to 7%, up from 1.3% in 2020.
