The hedge I think closes in June 2016. 70Hedged 30Spot
I have raised this with management to close the hedge early to leverage the higher gold price.
They stated that their financial modelling and cost to close the hedge is not worth the effort unless gold price is significantly higher. So the hedge will remain for stability of cashflow and certainty.
Ann: Anne de Vidia exploration update, page-46
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)