Gold Producers to See Higher Cash Flow Helped by Strong Prices, Says Euroz Hartleys

MT Newswires Live

Nov 04

Gold Producers recorded another strong quarter of cash generation as both United States and Australian gold prices rose by around 5% and 3% respectively, and if the rally remains, producers could see a further 15% lift in cash flow next quarter, according to a Monday Euroz Hartleys note.

The research firm noted that gold hedging reduced total revenue by around AU$680 million in the quarter as Northern Star Resources (ASX:NST), for instance, lost AU$345 million from hedging, even though it made only AU$32 million in real free cash flow. Companies are now reducing hedge exposure to benefit from stronger spot prices.

Euroz Hartleys also noted that Ramelius Resources (ASX:RMS) made AU$92 million but had to pay AU$74 million to Spartan shareholders, while Perseus Mining (ASX:PRU) now holds over AU$1.2 billion in cash, and Regis Resources (ASX:RRL) earned AU$158 million and is focusing on acquisitions. Vault Minerals (ASX:VAU) generated AU$27 million but lost AU$77 million due to hedging.

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Companies are now reducing hedge exposure to benefit from stronger spot prices.</p><p>Euroz Hartleys also noted that Ramelius Resources (ASX:RMS) made AU$92 million but had to pay AU$74 million to Spartan shareholders, while <a href=\"https://laohu8.com/S/PRU.AU\">Perseus Mining</a> (ASX:PRU) now holds over AU$1.2 billion in cash, and Regis Resources (ASX:RRL) earned AU$158 million and is focusing on acquisitions. Vault Minerals (ASX:VAU) generated AU$27 million but lost AU$77 million due to hedging.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BGL.AU","symbol_name":"BELLEVUE GOLD LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2580277178","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2580277178","pubTimestamp":1762228824,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Companies are now reducing hedge exposure to benefit from stronger spot prices.Euroz Hartleys also noted that Ramelius Resources (ASX:RMS) made AU$92 million but had to pay AU$74 million to Spartan shareholders, while Perseus Mining (ASX:PRU) now holds over AU$1.2 billion in cash, and Regis Resources (ASX:RRL) earned AU$158 million and is focusing on acquisitions. Vault Minerals (ASX:VAU) generated AU$27 million but lost AU$77 million due to hedging.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}