AMI Chart, page-73

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.