Company News Summary
Resolute Mining Adds to A$ Gold Hedge Book
11 Feb 2019 | 08:41:00 | Associate analysts | Increase | Decrease | 
Original announcement: Resolute adds to A$ gold hedge book
Resolute Mining advised the Company has forward sold 30,000Oz of gold at an average price of A$1,887/Oz in scheduled monthly deliveries of 5,000Oz between January 2020 and June 2020. The Company has taken advantage of Australian dollar gold prices to extend the Company's Australian dollar gold hedge position into 2020. The objective is to secure price certainty for a portion of the revenues from the Company's Ravenswood Gold Mine in Qld, Australia.
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