They hedged about half their production i believe around 1800aud/oz. The other half is unhedged. Also if gold price shoots up, it may provide oportunity to increase output id imagine. With oil recently down and the rba possibly putting up rates agin, we could see further economy slow down, and gold prices rise. Aud likely to continue staying down, so aus gold miners are in a good position. I also think we could be in for another gold boom, any time in the next few years. Overall not a bad space to be in.
why down 3.8% today( $4.27) ???, page-10
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