CAPITAL MARKETS

Equigold turning a profit despite hedging

LOW-key gold miner Equigold has posted a healthy half-year profit before accounting and tax of $A29.8 million, up from $14.4 million year on year, but hedging has taken its toll on the company’s bottom line.

MiningNews.Net
Equigold turning a profit despite hedging

After hedge adjustments and tax, the company's profit for the first half of fiscal 2007 was reduced to only $1.7 million, thanks to an $18.7 million charge due to mark-to-market losses from the hedging....

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