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Kaiser Reef ends gold hedging, boosts production at Henty and Maldon mines.
Kaiser Reef has ended its gold hedging agreements by delivering the final 1,000-ounce call option to Auramet, now fully exposed to the current spot gold price of A$7,570 (US$5,350) per ounce.
The move follows its 2025 acquisition of Tasmania’s Henty Gold Mine, backed by a $30 million capital raise and $10 million in financing.
Since taking control, Kaiser has boosted production, reduced its gold loan to 832 ounces, and increased its cash balance by $13.7 million.
The company plans to raise Henty’s output by 16% to 35,000 ounces annually starting in 2027.
It is also reactivating its Victorian Maldon operation, achieving 90% gold recovery from low-grade stockpiles and waste rock using a 200,000-tonne-per-year processing facility.
Kaiser Reef pone fin a la cobertura de oro, aumenta la producción en las minas de Henty y Maldon.