From memory they had approx 1/3 of forecast production hedged and they have had another good opportunity to hedge further over the last week or so, which hopefully they took advantage of. Medium term trend for AUD gold is still up imo. Still would hope that it does not drop back much below $1650.
Rgds,
Barry
BLK Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
