GREY:VITFF - Post by User
Post by
phoenix_traderon May 25, 2022 3:27pm
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Post# 34707162
12% of 2022 planned production (15,000 oz) sold at US$ 2,003
12% of 2022 planned production (15,000 oz) sold at US$ 2,0032. Forward Sales
• 15,000 ozs total
• 2,500 ozs/month for H2 2022
Sales price = US$2,003/oz • VGCX to receive this US$2,003/oz for 2,500 ozs per month for 6 months in H2 2022 regardless of prevailing gold price at the time
• All other gold sales will be at the prevailing gold price
Opportunistic Hedging of 12% of 2022 Production