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Capricorn Metals Ditches Final Hedge, Embraces Full Gold Price Exposure
3:11pm on Wednesday 11th of June, 2025 AEST
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Capricorn Metals Ditches Final Hedge, Embraces Full Gold Price Exposure
3:11pm on Wednesday 11th of June, 2025 AEST
Key Points
Final 16,700-ounce gold call option closed, Capricorn now fully unhedged
Purchased 15,000 ounces of gold put options at A$5,000/oz to limit downside risk
Closure and put options cost $50 million, funded from $404.6 million cash and bullion
Previous hedge closures enhanced revenue by approximately $52 million
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