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Kainantu hedging in place

HIGHLANDS Pacific has hedged 275,000 ounces at an average price of US$403/oz in respect of the debt financing used to fund the US$39.6 million Kainantu gold development in Papua New Guinea.

Michael Quinn
Kainantu hedging in place

Highlands said the hedged ounces represented 55% of scheduled ounces and 23% of the resource, with ounces committed up to the December quarter of 2008. ABN Amro agreed last year to loan Highlands US$31...

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