Hedging can always be closed out via a payment under the original contract or offset via taking out a call option at the forward sale price. Most tend to jut work there way through the hedge book no matter how bad it sucks. Some companies will continuously hedge so lose on the way up but gain on the way down. Some have to hedge due to debt agreements ( usually 50% to 80% of production until loan paid back) or because their AISC is so high they cannot risk a drop in the gold price.
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38.8¢ |
Change
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Mkt cap ! $2.635B |
Open | High | Low | Value | Volume |
39.0¢ | 39.5¢ | 38.0¢ | $6.382M | 16.41M |
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No. | Vol. | Price($) |
---|---|---|
69 | 1918546 | 38.5¢ |
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Price($) | Vol. | No. |
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39.0¢ | 2326970 | 83 |
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No. | Vol. | Price($) |
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68 | 1902550 | 0.385 |
19 | 834053 | 0.380 |
18 | 579055 | 0.375 |
23 | 672859 | 0.370 |
21 | 684808 | 0.365 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 2325091 | 81 |
0.395 | 1925253 | 42 |
0.400 | 876095 | 23 |
0.405 | 741734 | 14 |
0.410 | 972722 | 15 |
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