CMM 1.23% $4.92 capricorn metals ltd

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-14

  1. 227 Posts.
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    Perfect - thank you.

    Yes, I think it is quite common to deliver early into the hedge (and most arrangements don't penalise for this). A$2,249 looks like a decent price - the average for ASX listed miners is c. A$2,215. And bearing in mind, it looks like these things are set upon securing finance - i.e. 2 / 3 years out from first production. I was a little surprised at the scale of hedging (200koz), but it is spread over a long period.

    There is a massive range of hedges though: I believe Regis is c. A$1,551 per oz (just recently re-negotiated), GOR at A$1,874, EVN at A$1,988 - right through to RSG at A$2,431 and GCY at A$2,528. That is a pretty big swing.




 
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$4.92
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