BMO presentation March 1st 2023 In case you are worried about the F.E.D this week!
Hedging Summary
Entered into forward pricing for 460k ounces of gold at a range of $1,763 and $1,896 per ounce for 2023 to 2027
Locked in a foreign exchange forwards to protect against currency fluctuations at an average rate of 1.34 Canadian dollars per US dollar for 2023 and 2024
Liquidity
Ended the year with $73 million in cash on the balance sheet and $170 million available to draw
An additional $114 million available to draw on credit facilities
Based on the updated cost to complete construction, assuming mid May first pour, the remaining balance of the credit facility should cover the remaining capital costs.