Sector, they like to lock in about 40% of production out to about 15 months. Last qtr they didn't hedge as many as expected. I put that down to delays at EM and not finding the ozs they hoped at Vivian. How much they hedge now will depend how fast they get Marda they going, how the Greenfinch appeal is progressing, how soon will Tampia will come into production.
I have as at last qtr report, they had 124750 ozs hedged @ $1727. The Dec Q just finished they had 28250 ozs @ $1700, about par for the qtr. Meaning that without what that Q hedging what was left is 96500 @ $1735.
So how much they added will be known by end of month
Sector, they like to lock in about 40% of production out to...
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