Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn

Company News Summary

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.

Please click here for full details

See more ASX300 News Announcements