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Emperor closes hedge book for $US34.2m

EMPEROR Mines has closed its gold hedge book of 145,695oz for $US34.2 million ($A41 million) as p...

MiningNews.Net
Emperor closes hedge book for $US34.2m

The gold, which was hedged at an average price of about $US435.3 per ounce, was closed at a spot price of $670/oz. The company said in a statement that ANZ Bank had agreed to defer the settlement until...

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