looking at their hedging position over the next 2 years and ounces to be produced it appears 1/3 is hedged and 2/3rds spot gold price , so over 2.25 years = 560k ounces produced leaves about 380k ounces sold spot at these levels making about $1200 per ounce , equates to $456 million profit over next 2.25 years if gold prices hold this level ie aus $2700
looking at their hedging position over the next 2 years and...
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