RE: Hedge1 Aug 2024 16:21
Hedge is irrelevant for Q2 anyway as the average POG was well within the collar.
At 2400 pog the hedge costs around 250k a month in lost revenue opportunity. When you're making almost a 1k an ounce it's not going to touch the sides as there's now only 40k ounces left and next month they'll only be 35k ounces left and so on and so on.