"In the June quarter, Northern Star reduced its hedge book to 536,426 oz...
The Company has one of the smallest hedge books as a percentage of annualised productionin the Australian gold industry, with just 15% of the next three years production committed. "
If 536,426 oz represents 15% of their estimated production for the next three years, that averages out at 1,192,058 oz per year.
Or more realistically, the implied total production for the next three years can be fitted to a uniform growth line, starting at this year's production figure.
This would equate to 14.4% PA growth, which would correspond to the following production figures in the succeeding years.
2020 905,177 oz
2021 1,035,632 oz
2022 1,184,887 oz
2023 1,355,654 oz
That's a lot of gold and a lot of money, if the gold price holds up
Or am I misreading the implications of what they have written?
Cheers
"In the June quarter, Northern Star reduced its hedge book to...
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