RE: Forward thinking by Mr Day23 Mar 2026 07:11
How Greatland Gold's Put Options Work:
Right, Not Obligation: The put options provide Greatland the right, but not the obligation, to sell a specific amount of gold at a pre-set price (strike price).
Downside Protection (Floor Price): If the market price of gold falls below the strike price, Greatland can exercise its option to sell at the higher, pre-set price, protecting its operating cash flow.
Upside Exposure: Because the options are not an obligation, if the market price of gold rises above the strike price, Greatland can sell its gold on the open market at the higher spot price, thus retaining full upside potential.
Program Details:
Coverage: Approximately 225,004 ounces of gold production, covering the period between January 2026 and June 2027.
Strike Price: The puts have a weighted average strike price of A$4,500 per ounce (previously A$3,887.50 for earlier programs).
Partners: These options were arranged through a syndicate of banks including ANZ, HSBC, and ING.
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Purpose of the Strategy:
This hedging approach is designed to manage market volatility during the company's transition from developer to a significant gold-copper producer, ensuring that the company has secure, robust cash flows from the Telfer-Havieron project