Not a surprising move.
I will have to take a look at the numbers in detail, to hazard at guess at how much it cost them to move some of the hedging forward.
It does what they say though, which is increase their near term sales to the spot price, which is over $600 more than the hedging price.
Of course, if WGX could just increase their actual gold production, then the hedging would be less erroneous as well.....
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Last
$2.53 |
Change
-0.030(1.17%) |
Mkt cap ! $2.387B | |||
| Open | High | Low | Value | Volume |
| $2.54 | $2.57 | $2.52 | $12.47M | 4.922M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 40100 | $2.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.56 | 18939 | 3 |
View Market Depth
| Last trade - 16.21pm 01/08/2025 (20 minute delay) ? |
| WGX (ASX) Chart |