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Westgold Resources Provides Gold Hedging Update

13 Aug 2019  |  09:52:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Gold Hedging Update

Westgold Resources advised that it has recently conducted a small restructure of its gold hedge book, in light of higher gold prices and the successful sale of its HGO asset. It has added a further 42,500oz to its hedge book in January - June 2021 with deliveries of 10,000oz per month. It has also deferred 17,500oz of forwards which were previously forecast for delivery from August - December 2019 at A$1,776.10. This hedge will continue to provide solid margins over costs whilst also providing an exposure to the gold price.

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