Rough estimates we making extra $4m up to July from gold hedges (3000 x 5 x $ 269 ( $2536 - $ 2267 ) = $4.035 m … but loosing $7.5m from our copper hedges vs current price of cu .
So , overall we missing out of $ 3.5m extra money at current hedge deals ... not that bad unless copper goes ballistic next few months then we missed heaps from upside.... Strange timing to hedge 4 days before copper goes on a tear Andre, hope it was your last hedged deal for now.
Ann: ADDITIONAL COPPER HEDGING FOR TRITTON, page-118
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