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Saracen locks in hedging

SARACEN Mineral Holdings has entered into a gold hedging agreement with RMB Australia, ahead of f...

Kristie Batten
Saracen locks in hedging

Saracen has purchased put options over 175,908 ounces of gold at a strike price of $A1250 per ounce. The puts will mature between April 30, 2010, and December 30, 2011. The purchase was financed through...

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