CAPITAL MARKETS

Removal of hedge unlocks big price gains for Allied

PAPUA New Guinea gold producer Allied Gold has extinguished the last 30,000 ounces of its gold hedging program, giving it full price participation in the 80,000oz it expects to produce this calendar year from the Simberi operation.

MiningNews.Net

Removal of hedge unlocks big price gains for Allied

The mine is 60 kilometres from Lihir Island and has produced 150,000oz since it started operations in February 2008. Production of 75,000-80,000oz is expected this year with an expansion later in the...

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