RE:RE:RE:RE:RE:RE:TV's SP Slide 10 of the Q3 presentation is pretty explicit, 50% of production is hedged.
25% is hedged with Puts, 25% is hedged with forward swaps.
Copy and pasted from the Powerpoint presentation:
"Hedging Program 10 •
Executed on a hedging program covering ~ 50% of forecasted zinc payable production (72.5Mlbs) over a six-month period - October 2020 to March 2021. •
~25% of payable production from Put Options at a strike price of $1.04/lb at a cost of just over $0.03/lb. • Protects against the downside while allowing for full exposure to zinc prices upside. •
~25% of payable production from Forward Swaps which fixes the price at an average price of $1.10 – 1.12/lb. • Increases the certainty of future cash flows."