It was reported in "BAILLIEU HOLST RESEARCH" available at DRM's website that hedging of 133k oz DRM's gold production will cost DRM approx $10M , which is only about 7% of the revenue $ 138M Estimate for 2016. With production ramping up to 300k , and gold price on the rise, hedge cost will go down percentage wise.
Doray looking good., page-11
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