Ann: King of the Hills set for stronger March Quarter, page-46

Learner72 can I suggest you look at the company's announcement of 24 Jan and in particular page 11. By my rough calculations, they're delivering about 25k ounzes per quarter into the hedgebook as it stands at 31/12/22 if deliveries are of a regular amount from then on. The average realised price is said to be AUD$2,420 so the balance of production would be sold at spot (currently around AUD $2,700 ish).

But their numbers have me a bit confused. The reckon deliveries under the hedges will be 35-40% of production but if this is to be the case, then annual production would need to be 250-285k ounzes.

I can't seem to recall any estimates of production this high. If managements forecasts are to be achieved, it implies improved grades processed or much higher plant throughput (or both).

Hope the first paragraph helps Learner72.