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Note 26 - Subsequent Events
9 Months Ended
Sep. 30, 2024
Statement Line Items [Line Items]  
Disclosure of events after reporting period [text block]

26

Subsequent events

 

26.1

Put options

 

In October 2024 the Company purchased the below put options to hedge its gold price risk:

 

Purchase date

Ounces hedged

Strike price

Period of hedge

October 4, 2024

12,000 oz (4,000 p.m.)

$2,600

October to December 2024

 

The Asian put options were entered into to protect the Company against gold prices lower than the strike price over the period hedged. The options are “out-of-the-money" put options which lock in a minimum price over the number of ounces that are subject to the hedge for an initial option price. These arrangements carry no further financial obligations, such as margin calls.

 

26.2

Dividends

 

Dividends of $2.7 million were declared by the Company during November 2024 and will be paid in December 2024.