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.
Perfect - thank you.Yes, I think it is quite common to deliver...
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Last
$4.59 |
Change
-0.060(1.29%) |
Mkt cap ! $1.732B | |||
| Open | High | Low | Value | Volume |
| $4.55 | $4.66 | $4.52 | $3.655M | 796.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3171 | $4.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.59 | 3551 | 1 |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$4.58 |
Change
-0.060 ( 1.81 %) |
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| Open | High | Low | Volume | ||
| $4.52 | $4.66 | $4.52 | 131205 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| CMM (ASX) Chart |