Key information from Q & A section of conference call:June...

Key information from Q & A section of conference call:

June quarter - expected to be stronger than March quarter. Production and grade should be up, while costs down

Hedge Book - as they expect gold prices to continue rising they're delivering extra gold into their hedge book to clear it asap, enabling them to take advantage of the higher prices sooner. In fact last quarter they delivered approx 50% of their gold production into their hedges and likely to be around 35% this quarter.

Pogo - good quarter in context of Covid 19, but expect much better results going forward as measures reduced

Superpit Power Unit - Offer made and awaiting response.

No supply chain issues and no "toilet roll" hoarding by competitors

Very happy to hear them reducing their hedgebook asap to take advantage of higher prices sooner. Yes lower gold prices in short term, but in a rising market the sooner they do it the cheaper and the sooner they can maximise their profits.