Page 15 says that the hedgebook was reduced by 1200oz. That doesn't mean they only sold 1200oz into the hedge though, more likely means that the net of new hedges added was just slightly less than sold into during the quarter. The weighted average hedge price increase confirms they sold a decent number of ounces into it (it wouldn't have changed this much if they only sold 1200oz into the hedge).
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- Ann: September 2023 Quarter Report
Ann: September 2023 Quarter Report, page-7
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