Westgold Resources LtdASX: WGX

Gold Hedging Update

· Issued by Westgold Resources Ltd

Filed with ASX · · 1 page · English

Summary by 6ix AI

Westgold Resources Ltd has announced an update on its gold hedging strategy, indicating a restructuring of its hedge book with Citibank to include additional ounces at favorable prices, which is expected to enhance revenue. The new hedge structure increases the total ounces hedged and raises the average hedge price, while maintaining a delivery schedule. Additionally, Westgold has reduced its gold pre-pay balance and plans to eliminate it by the end of the financial year.

Written by 6ix AI from the company’s filing. How 6ix writes summaries

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