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
14.0¢ |
Change
-0.005(3.45%) |
Mkt cap ! $236.8M |
Open | High | Low | Value | Volume |
14.5¢ | 15.0¢ | 14.0¢ | $820.5K | 5.645M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 1626851 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 518589 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 1626851 | 0.140 |
9 | 1043177 | 0.135 |
7 | 383705 | 0.130 |
3 | 350025 | 0.125 |
1 | 4083 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 318589 | 6 |
0.150 | 108100 | 4 |
0.155 | 563149 | 7 |
0.160 | 1022183 | 12 |
0.165 | 429477 | 7 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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