What about the fact the gold price has not shown weakness and the announcement says they are looking to hedge ALL the remaining gold from Dargues?
Wouldnt it be better to leave the 10koz that are currently hedged and then have some limit such as if price falls to $2,900 we hedge half whats left and and $2,700 the remaining half. i.e. guaranteeing its cash flow positive but leaving space for upside.
With Middle East tensions who knows where we go in the short term.
But i suppose they will have advice from people much smarter than me - so we shall see.
Ann: Quarterly Activities Report - September 2023, page-15
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