Average gold price in $A over 1QCY23 was A$2792. Hedge price for WGX is $2,459 (i.e. $333 loss per ounce delivered).
Hedged ounces are being delivered at a rate of 10k per month therefore the hedge cost them $10m over the quarter.
So unhedged cash build should already have been at A$19m in the quarter.
Adjust for the gold price move to $3030/oz as of today and op cashflow would have been another c$14m higher (maybe touch less given royalty impact of higher gold price).
I.e. $33m per quarter and using a quarter with production interruptions from the lower milling rate...
Average gold price in $A over 1QCY23 was A$2792. Hedge price for...
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Last
$2.92 |
Change
0.010(0.34%) |
Mkt cap ! $2.753B | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.96 | $2.91 | $9.395M | 3.205M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18585 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.96 | 31260 | 1 |
View Market Depth
| Last trade - 16.12pm 26/06/2025 (20 minute delay) ? |
| WGX (ASX) Chart |