Spot on; they deliver into the hedge partially and the rest into spot. The profit loss on hedge is a non-cash item; ie it reflects the value of hedging contracts against spot price. The only time you ever really see this item monetised is if a company cannot physically deliver into a hedge and have to purchase on market to fulfill their contract.
For AMI this saw a realised average gold price last Q of $1712; the Q before $1614 which I think reflects about a 50:50 hedge:spot ratio. Should see close to $1800 an ounce realised price average this past Q. AISC should also be lower, particularly for Hera due to higher base metals prices. Peak results will be interesting; looking forward to seeing some progress reports on the Pb/Zn circuit; cannot say enough how big that is for Peaks future. Base metals producers sneaking under the radar a little at the moment imo.
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $291.7M |
Open | High | Low | Value | Volume |
17.0¢ | 17.5¢ | 16.5¢ | $363.1K | 2.171M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 692323 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 510510 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 692323 | 0.165 |
20 | 2119949 | 0.160 |
11 | 996250 | 0.155 |
9 | 835400 | 0.150 |
3 | 437895 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 510510 | 22 |
0.175 | 479318 | 13 |
0.180 | 1079518 | 11 |
0.185 | 479640 | 9 |
0.190 | 181582 | 5 |
Last trade - 12.17pm 31/07/2024 (20 minute delay) ? |
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