PERTH (miningweekly.com) – Gold miner St Barbara has forward sold a further 50 000 oz of its anticipated 2018 gold production from the Simberi operation, in Papua New Guinea.
The company said on Thursday that the gold would be delivered in monthly installments between July 2017 and June 2018, at a price of A$1 725/oz.
In addition to the new gold hedging, some 26 000 oz of forward gold contracts remained to be delivered in monthly installments between now and June 2017, at a price of A$1 338/oz.
Edited by: Creamer Media Reporter
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