“The cost of hedging, measured with glorious hindsight, has to be measured against the value of dilution avoided.” – Sean Russo, founder of Noah’s Rule.
In this insightful conversation, Russo explains the current landscape of gold hedging, how it impacts miners’ decisions, and why minimising dilution is crucial for shareholders.
With gold prices hovering around US$2,500 per ounce, Sean discusses why some miners are locking in prices, and how this can benefit companies like Capricorn Metals (ASX:CMM).
Discover key insights into the benefits of hedging, risk management in the mining sector, and the wisdom behind “mines aren’t spreadsheets”.
Key topics covered:
- Gold hedging strategies for miners
- The balance between debt and equity financing
- How Capricorn Metals’ hedging strategy benefited its shareholders
- Why every mining company should consider hedging during bullish gold markets
Tune in to learn more about the financial strategies behind gold mining success, and get a glimpse into Sean’s early days as a ‘chalky’ on the Sydney Stock Exchange!
