"Attributable gold sales totalled 31,700 ounces at an average price of A$2,001 per ounce during the quarter. Bullion on hand at the end of the quarter totalled 257 ounces."
The average was clearly a tick over 2k per ounce. Many companies are in the same boat, it's called insurance. Is 100% non-hedged better under the current circumstances? Well duh! 70 to 75% is not terrible, for a start up is not inclined to risk the company on predicting movements in a grossly manipulated spot price.
Implying a connection between DCN and GOR is the same as implying a connection between Marina Abramovic and the Holy Mary.
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- Ann: Quarterly Activities and Cashflow Report - March 2020
Ann: Quarterly Activities and Cashflow Report - March 2020, page-31
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1 | 9192 | 1.555 |
7 | 81543 | 1.550 |
3 | 88475 | 1.545 |
5 | 43714 | 1.540 |
Price($) | Vol. | No. |
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1.565 | 59999 | 6 |
1.570 | 28625 | 1 |
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