Hedging of 200,000 ounces represents coverage of approximately 2 yearsof anticipated gold production out of a current mine life of 8.5 years on thecurrent Ore Reserve of 892,000 ounces1 of gold (Ore Reserve estimatedusing an A$1,600/oz gold price). Re read hercules007 it says cmm has hedged 200000 oz,s not that the 200000 oz,s has to be delivered in the first 2 years of production !!!!
Ann: Capricorn Completes Gold Hedging for Karlawinda Gold Project, page-13
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