Die besten Gold-/Silberminen auf der Welt

Tief war im Februar 23 bei fast 5 aud Dollar. Jetzt 1,6 Jahre später hat die Aktie um mehr als 200 % zugelegt. Das ist eine sehr gute Performance wie ich finde und klar das Gold outperformt.  

zulassen ? Ein Markt ist das seit 80 Jahren keiner. Zuletzt waren sie naked short  mit 600 k oz  also 1,5 mal der Jahresproduktion....haaahaha....... Trump solltre nur noch warengedeckte Futures zulassen, den  Crimex Laden so wie er jetzt ist, schliessen. Siehe Bix Weir youtube.  

Sehr gute Zahlen präsentiert. Allerdings wird aktuell auch sehr viel investiert.
Jedoch was ich nicht nachvollziehen kann ist folgendes.
Das Managment hat ein großes Hedgebook mi knapp über 1,7 Millionen Unzen über die nächsten Jahre zum Average Preis von 3,242 aud Dollar. Das heißt konkret Sie machen sehr viel Verluste damit aktuell. Nicht nachvollziehbar. Jedoch ist das der Hauptgrund warum die Aktie nicht viel höher schon steht.

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John1305
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13/02/25 12:15 Post #: 77838644
Analysis and Commentary on Northern Star Resources’ (NST) Hedging Strategy

1. NST’s Current Hedging Position

NST’s latest report confirms that as of 1H FY25, the company has:

1.67Moz of gold hedged at an average price of A$3,242/oz.

Hedge book maturity spread over multiple years, reducing near-term exposure to price volatility.

Spot gold price (as of today): A$4,616/oz, meaning hedged ounces are locked in at a A$1,374/oz discount to the current spot price.

Strategic Purpose of Hedging for NST

NST employs hedging selectively, balancing risk management with exposure to gold price upside. The key reasons for its hedging strategy include:

Cash Flow Stability for Growth Investments

NST has major capital commitments, including:

KCGM Mill Expansion (A$1.5B total)

De Grey Mining Acquisition

Ongoing sustaining and exploration capex.


Locking in a portion of future production at A$3,242/oz ensures guaranteed revenue to fund growth projects without relying on debt.


De-Risking Against Short-Term Price Volatility

While gold is in a bullish phase, it is historically volatile.

Hedging a portion of production protects NST from potential price pullbacks.

Gradual Hedge Roll-Off to Allow Upside Participation

NST does not fully hedge its production, meaning it still benefits from rising spot gold prices on unhedged ounces.

The hedge book rolls off over multiple years, meaning new production can be sold at market rates as hedged positions expire.

Impact of Hedging Given A$4,616/oz Spot Price

NST’s hedge price (A$3,242/oz) is currently ~30% lower than the spot price.

If all hedged ounces were sold today, NST would forgo A$2.3B in potential additional revenue (1.67Moz × A$1,374/oz).

However, unhedged production still benefits from current high prices, supporting strong margins.

Net Impact

Short-term revenue loss on hedged ounces, but long-term growth and financial stability outweigh this downside.

Hedging allowed NST to aggressively expand its operations without excessive debt or financial stress.

Should NST Reduce or Adjust Hedging?

With gold at record highs, NST could adjust its hedging strategy:

Reducing Hedge Commitments

As cash flows improve from higher gold prices, NST could unwind or reduce new hedges, allowing more production to be sold at spot prices.

This would ensure maximum upside capture in a rising gold price environment.

Shorter-Duration Hedging

Locking in higher gold prices for short-term production (e.g., next 6-12 months) rather than multi-year hedges would allow more flexibility.

Strategic Hedge Buybacks

If spot gold remains significantly higher, NST could consider buying back lower-priced hedge contracts at a manageable cost.

Conclusion: Smart Risk Management, But Room for Adjustments

NST’s hedging strategy has been effective in securing cash flow stability for its growth phase.
Despite missing out on short-term upside, NST retains long-term flexibility, with unhedged ounces still benefiting from high prices.
As gold prices remain strong, NST should consider reducing future hedge commitments or adjusting hedge durations to maximize upside potential.

Bottom Line: NST’s hedging is a conservative, risk-managed approach, but with gold at A$4,616/oz, a more flexible strategy moving forward could unlock greater shareholder value.

An AI-assisted content  

https://hotcopper.com.au/threads/...ear-results-presentation.8442828/

Krass der Goldpreis in AUD Dollar Ihr werdet es nicht Glauben mittlerweile bei über 4600 AUD Dollar.
Aus den Grund sind die Kurse eine Farce. Eine NST hat aktuell Bruttomargen von weit über 100 %. Jede Unze die frei verkauft wird aktuell mit weit über 2000 AUD Dollar im Gewinn.  

https://mining.com.au/...eveals-scale-potential-for-orbminco-kincora/
https://smallcaps.com.au/...-porphyry-copper-discovery-cangallo-peru/  

Und stabile AISC in Höhe von 1350 US Dollar. Fantastisch!

2024 Q4 and full-year highlights:        

Margins4 of $1,565 per Au eq. oz. sold in Q4 2024, and $1,373 for 2024.
Operating cash flow5 of $734.5 million in Q4 2024, and $2,446.4 million in 2024.
Attributable free cash flow1 was $434.4 million in Q4 2024, and $1,340.2 million in 2024, both of which are Company records.
Reported net earnings6 of $275.6 million in Q4 2024, or $0.22 per share, and $948.8 million, or $0.77 per share, in 2024.
Adjusted net earnings7, 8 of $240.0 million, or $0.20 per share in Q4 2024, and $838.3 million, or $0.68 per share, in 2024.
Cash and cash equivalents of $611.5 million, and total liquidity9 of $2.3 billion at December 31, 2024. The Company also continued to prioritize debt reduction, repaying the remaining balance on its term loan on February 10, 2025.
Kinross’ Board of Directors declared a quarterly dividend of $0.03 per common share payable on March 20, 2025, to shareholders of record at the close of business on March 5, 2025.
Catherine McLeod-Seltzer has announced that she will not be standing for election. Kelly Osborne, a Board member since 2015, has been approved as Chair of the Board, effective upon his re-election.
 

Agnico Eagle Q4 2024 Earnings Preview


Feb. 12, 2025 5:35 PM ETAgnico Eagle Mines Limited (AEM) Stock, AEM:CA StockBy: Khushi Singh, SA News Editor2 Comments

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(<1min)
Agnico Eagle (NYSE:AEM) is scheduled to announce Q4 earnings results on Wednesday, February 13th, after market close.
The consensus EPS Estimate is $1.17 (+105.3% Y/Y) and the consensus Revenue Estimate is $2.27B (+29.0% Y/Y).
Over the last 2 years, AEM has beaten EPS estimates 75% of the time and has beaten revenue estimates 75% of the time.
Over the last 3 months, EPS estimates have seen 3 upward revisions and 3 downward. Revenue estimates have seen 3 upward revisions and 1 downward.  

Ist wohl der heutige Donnerstag gemeint