Any hedging will be determined by the debt financer and will be at a sufficient level for them to ensure enough cash flow for the debt to be paid back even if the price of gold collapses. The party providing debt couldn't care less about the gold price going up as there's nothing in it for them, just the interest on the loan. They do care about the gold price dropping and that is a definite risk to them.
market cap, page-34
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