PERTH (miningweekly.com) – Gold miner Blackham Resources has announced an additional 20 000 oz will be hedged at a forward price of A$1 836/oz, as the company moved to take advantage of the high Australian dollar gold price.
The ASX-listed company said on Wednesday that its revised forward sales contract now stood at 38 123 oz, at an average price of A$1 773/oz over the next ten months, representing around six months of gold production price protection.