Joins Santa Barbara in the "somehow reducing profits during the biggest gold boom of this millenium" club
AISC continue to rise rapidly, need to bring some control to that.
Hedges might be handy going forward as gold outlook is quite weak and likely to drop to the 1500-1600USD range, and aud rises to the 0.9-1 range.
They should build a bigger hedge book at these prices if they're prudent...
Ann: Half Yearly Financial Results Presentation, page-31
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