CAPITAL MARKETS

Lihir closes hedge book

LIHIR Gold has closed out its gold hedge book allowing it to take advantage of global prices for the precious metal.

Claire Svircas
Lihir closes hedge book

Lihir said at the end of March it had forward sales contracts for 96,000 ounces of gold at a price of $A600 an ounce to be delivered before September 2010 as part of a contract put in place by Equigold...

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