CAPITAL MARKETS

Reed soars on hedge book close-out

SHARES in new gold producer Reed Resources soared 40% today after the company announced it had cl...

Kristie Batten
Reed soars on hedge book close-out

The close-out realised $A27.1 million, allowing the company to retire its debt. The company chose to respond to the drop in the gold price this week by strengthening its balance sheet. Reed’s forward...

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