hedging is hurting. current spot prices would have them selling it at $2700 an ounce - that's ~$2.5m in cashflow for the month of Feb based on $2,200 sale price.
Though if feds get aggressive on interest rates that gap will shrink.
hopefully we have seen the last of CR. This stock needs to keep on delivering if it's to get a rerate.
Ann: Warrawoona achieves record production rates in February, page-9
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