"So yes, the hedged gold, is literally, losing RRL money and has been for a long time."
As much as I prefer to look on AIC instead of AISC I would not do that regarding hedging prices.
Argument for that thesis:
The exploration/non-sustaining cost are only undertaken/incurred because any additional production can be sold @ AUD 2.450. Those non-sustaining costs would be held much lower if the gold price were still at AUD 1.600/oz (because investment/Capex-decisions are naturally driven by the product price)
As per report on quarterly acivites (March-quarter), page 5, guidance for FY 20/21 regarding growth capital and exploration was 88-98 million.
Calculating coming from profit before tax Regis showed earnings of AUD 123 Mio. for July-December/2020 with 173k ounces sold and an average price realized of AUD 2.317/oz. So all costs in per half year report for FY2020/2021 they are showing earnings of 712 AUD/oz (and AIC of AUD 1.606).
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Ann: Change to Hedging Structure, page-93
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Last
$1.78 |
Change
-0.010(0.56%) |
Mkt cap ! $1.344B |
Open | High | Low | Value | Volume |
$1.82 | $1.82 | $1.78 | $6.705M | 3.744M |
Buyers (Bids)
No. | Vol. | Price($) |
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9 | 76272 | $1.78 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.79 | 17791 | 2 |
View Market Depth
No. | Vol. | Price($) |
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5 | 24598 | 1.780 |
1 | 4974 | 1.775 |
3 | 20816 | 1.770 |
2 | 34050 | 1.765 |
3 | 8325 | 1.760 |
Price($) | Vol. | No. |
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1.695 | 67 | 1 |
1.730 | 890 | 1 |
1.745 | 847 | 2 |
1.750 | 16000 | 2 |
1.785 | 4974 | 1 |
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