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Gold hedge unlocks funds for Allied

PERTH-based Allied Gold has locked in a hedging commitment for gold produced from its Simberi gol...

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Gold hedge unlocks funds for Allied

The hedge of 170,000oz of gold at $700 per oz for delivery between March 2008 and December 2011 allows the company to participate in any upside in gold prices for 40%, or about 60,000oz, of the hedging...

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