"Attributable gold sales totalled 31,700 ounces at an average price of A$2,001 per ounce during the quarter. Bullion on hand at the end of the quarter totalled 257 ounces."
The average was clearly a tick over 2k per ounce. Many companies are in the same boat, it's called insurance. Is 100% non-hedged better under the current circumstances? Well duh! 70 to 75% is not terrible, for a start up is not inclined to risk the company on predicting movements in a grossly manipulated spot price.
Implying a connection between DCN and GOR is the same as implying a connection between Marina Abramovic and the Holy Mary.
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- Ann: Quarterly Activities and Cashflow Report - March 2020
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