Hi. Great post. Very interesting.
And frustrating - I know the bankers likely forced them into these hedges but the big dog told the Goldies straight in August last year about hedging into a rising gold price:
https://www.copyright link/companies/mining/van-eck-sees-a-global-bull-market-in-gold-20190731-p52cdf
Hedge companies laughing all the way to the bank!
Hedging Information, page-4
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