RE:RE:$2900 Cdn Au price todayHere you go Kegman....it's on Page 24 of the Financials.
vit_q4_dec23_fs_2024-02-16_final-combined.pdf (vgcx.com) Current Instruments Gold Forwards Gold forwards 22,500 oz January 2024 - September 2024 US$2,074
Gold forwards 12,000 oz January 2024 - December 2024 US$2,025
Gold Put Options Gold put options - purchased 36,000 oz January 2024 - December 2024 US$1,800
Gold Forwards As at December 31, 2023, the Company has gold forward contracts for a total of 34,500 ounces of gold at a weighted average price of US$2,057 per ounce with expiry dates ranging from January 2024 through to December 2024. These derivative financial instruments are classified within Level 2 of the fair value hierarchy and classified in the consolidated financial statements based on contractual maturity. These derivative financial instruments are recorded at fair value using external broker-dealer quotations corroborated by option pricing models that utilize a variety of inputs that are a combination of quoted prices and market-corroborated inputs. The Company recognized the mark-to-market adjustment loss of $6.9 million, based on US$2,078 per ounce of gold and a foreign exchange rate of 1.3226 US$ to C$, in net income of the consolidated statements of income and comprehensive income for the year ended December 31, 2023.
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