The 493koz is the total for the next 3 years -
Previous philosophy ~ 1 year’s production hedged over a 3 year period (~33% of production hedged)
At 30 June 2020, the hedge book comprised 493,200 ounces at an average delivery price of A$2,094/oz
Based on FY21 guidance and the future outlook,the current levels are below 33% of production reflecting the intention to reduce to less than 25% of production
The 493koz is the total for the next 3 years -Previous...
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