Part 4 : Hedge BookSLR as at 31 December 2023 had 110,000 onces...

Part 4 : Hedge Book

SLR as at 31 December 2023 had 110,000 onces at an avg price of AUD 3,007/oz to be delivered over 24 months as per FY 2024 half year results summary.

RED as at 30 June 2023 had 313,119 ounces at an avg price of AUD 2,668/oz to be delivered over 39 months as per June 2023 Quarterly Report. I can find no further disclosure on hedges from this date?

Assuming that RED5 has delivered onces at a constant rate and avg price then they would have 264,947 onces to be delivered as at 31 December 2023 at 2,668/oz

Net to market position based on current spot price of AUD 3,270/oz is

SLR to market loss of 110,000 x (3270 - 3007) = $28.9 M
RED to market loss of 264,947 x (3270 - 2668) = $159.5M