RE:RE:My buddyShould be less than half of production hedged for 2023, 2024, and less than a quarter of production hedged in 2025 and likely decreasing even more as production rises. Plenty of gold to sell at spot! Just my opinion.
Under the terms of the loan facilities, Argonaut has hedged 25,000 ounces of gold per quarter for six quarters starting in the third quarter of 2023 at a gold price of US$1,860 an ounce, and 15,000 gold ounces per quarter for the 10 quarters, starting in the first quarter of 2025 at a gold price of US$1,860 an ounce.