Hi Kipper
Have a look at table 4 on page 9 of this morning’s announcement. It summarises NST’s current hedging commitments between now and the end of 2027. In total, NST has hedged 1,680,000 ounces of gold in that time period at an average price of 2,929 AUD. As mentioned in my previous post, I find that seriously disappointing. Assuming a rising gold price over the relevant period, the hedging will cost shareholders a fortune.
Ann: September 2023 Quarterly Activities Report, page-10
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