Why would SGW have hedged production so low if their costs are...

Why would SGW have hedged production so low if their costs are so high? Wouldn't you just stop production and leave the gold in the ground until mining became viable via increased gold price?

And how does a drop in gold help a hedged company like SGW? Surely, the price of gold means jack to them until the contract has expired and/or they hedge more gold.

Regards