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OceanaGold to become hedge-free for 2008

OCEANAGOLD will restructure its gold hedge facility to capitalise on rising gold prices in 2008, pocketing an extra $US33 million.

MiningNews.Net

Under the current facility, New Zealand and Philippine-focused OceanaGold has pre-sold 320,000oz of gold at $NZ773 ($A679) per ounce expiring in 2010, with 113,712oz gold pre-sold for this current year...

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