Westgold Tops up Hedges at A$1,863.35/oz

Summary by 6ix AI

Westgold Resources Limited has announced an update regarding its gold hedging strategy, adding to its hedge book with a significant amount of gold at a fixed forward rate. The company aims to protect the price it receives for a portion of its gold sales, mitigating the impact of market volatility on its operations. Westgold's total forward hedge book now stands at a substantial amount at an average price, while its pre-pay arrangement with Citibank is also being reduced monthly.

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