Just re-read SAR 2019 Annual report:
At 30 June 2019, the Group had in place a total gold hedging program comprising of 419,000oz (2018: 275,600oz) forward sales contracts at an
average price of $1,840/oz, up 6% from last year (2018: $1,730/oz). These ounces are scheduled to be delivered over a period of 3 years, from
July 2019 to June 2022.
Also found this online: NST said it would be reducing its hedge book to increase its exposure to the current spot price. While SAR continued to add to its hedge book, which aims to hedge about a third of the company’s total production over the next three years. NST will only hedge 15% over the same period. NST has about 540,000oz hedged at AU$2,085/oz. SAR has a very similar amount hedged at AU$2,056/oz, but added another 72,300oz at AU$1,938/oz.
Wondering how much this hedging strategy will impact SAR's profit and its SP?
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Just re-read SAR 2019 Annual report:At 30 June 2019, the Group...
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Currently unlisted public company.
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SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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