EVN 1.55% $3.93 evolution mining limited

As of Sept 19 endVolumePrice $AUCompany TickerFY20 production...

  1. 221 Posts.
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    As of Sept 19 end
    VolumePrice $AUCompanyTickerFY20 production (EST)% hedged
    1375,0001850EvolutionEVN725,00051.72%
    2439,0001615RegisRRL355,000123.66%

    Bit more detail on Regis below. Basically they have a very large out of the money hedge book but are selling the vast majority of their contracts at spot hence they report a higher "price received" number in their quarterly reports versus their hedge price. RRL have utilised (over utlised maybe...) options before in their hedging strategy of note, RRL sold a June 2019 expiry call option in January 2019 for 25,000 ounces at a strike price of AU$1830.

    Sept Quarter - REGIS
    The Company delivered gold into a combination of spot deferred contracts and at the prevailing spot
    price during the September 2019 quarter. The total hedging position at the end of the September
    quarter was 438,510 ounces, down from 451,514 ounces at the end of the June quarter with an
    increase in the average delivery price from $1,611 per ounce at the end of June to $1,615 per ounce
    at the end of the September quarter. These hedges are all on a spot deferred basis, meaning there
    is no fixed maturity date obligating a sale.

    As previously noted Regis is undertaking a strategy to reduce the exposure to approximately 200,000
    ounces of its lowest priced hedges. It is doing this by delivering into these hedges at a rate of at least
    10,000 ounces per quarter. The Company plans to continue this approach for the near future. Factors
    that may drive a review of this approach include the prevailing AUD gold price, Company cash
    balances and potential upcoming capital requirements.
 
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Last
$3.93
Change
0.060(1.55%)
Mkt cap ! $7.804B
Open High Low Value Volume
$3.92 $3.94 $3.84 $53.48M 13.71M

Buyers (Bids)

No. Vol. Price($)
6 81963 $3.92
 

Sellers (Offers)

Price($) Vol. No.
$3.94 142627 11
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Last trade - 16.10pm 31/07/2024 (20 minute delay) ?
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