RE: Gold Hedge10 Apr 2024 07:03
The gold price protection programme is being used from July 2023 through to June 2024 (240,000 ounces at a $1,900 gold price per ounce). This was to match the remaining significant capital investment period which ends in H1 2024.
So we are close to seeing the full benefit of the current record gold price. Hopefully management front loaded these ounces 2023 and took advantage when Gold was below $1900.