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
$6.38 |
Change
-0.040(0.62%) |
Mkt cap ! $2.408B | |||
| Open | High | Low | Value | Volume |
| $6.44 | $6.45 | $6.32 | $4.830M | 758.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16618 | $6.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.40 | 2929 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| CMM (ASX) Chart |