CAPITAL MARKETS

Lion in good position

MINING investment company Lion Selection is set to receive spot gold prices for its share of production from the Cracow joint venture after closing out its forward gold sales program for around $9.4 million and replacing it with put options.

Rebecca Lawson

Lion in good position

In a brief statement Lion – which recently merged with AuSelect – said it previously had some 63,00oz of gold forward sold at $664/oz through to December 2009, before replacing it with put options of the...

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