OTCQX:RPMGD - Post by User
Post by
ts9222on Aug 11, 2017 12:05pm
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Post# 26571335
Hedge
HedgeRPM hasn't been rising with the rising gold price. But that doesn't mean RPM won't benefit from the higher gold price. They have 150k oz hedged at US$1,276. At 100k oz/yr they will be producing more than that and the higher gold price will certainly be good for RPM.
From end of year Q4 2016 financial report:
"Forward Sales Contract
In order to mitigate gold price risk and as a condition of the Credit Facility, the Company was required to enter into margin free gold forward sales contracts of 150,000 ounces. On September 19, 2016, the Company finalized and scheduled out its forward contracts at a flat forward price of US$1,276 per ounce (the “Hedge Facility”)."