Big haircut for ASX gold hedgers

AS one gold mining junior reported today locking in some forward sales, capital markets firm Argonaut was earlier this week pointing out hedging had been costing ASX-listed miners a fortune in recent times.

Big haircut for ASX gold hedgers Big haircut for ASX gold hedgers Big haircut for ASX gold hedgers Big haircut for ASX gold hedgers Big haircut for ASX gold hedgers
Argonaut's assessment of the ASX's dozen most relevant gold miners (excluding Newcrest Mining) revealed estimated revenue of A$2.2 billion had been forgone from hedging since September 2019.

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