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Vault's cash pile grows but hedge book looking worse as gold keeps rising

Miner has maintained full-year production guidance of 390,000-430,000oz at $2250-2450/oz

Joshua Smith
Vault's cash pile grows but hedge book looking worse as gold keeps rising

Credits: Vault Minerals

Vault Minerals, formed by the merger of Red 5 and Silver Lake, grew its cash and bullion position by A$69.7 million to $523.3 million over the September quarter, selling 102,529 ounces of gold at $3162/oz.  ...

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