Aeris hedges Tritton copper
PERTH (miningweekly.com) – Copper and gold producer Aeris Resources has entered into unsecured Australian dollar copper hedges with Macquarie Bank.
The ASX-listed company on Tuesday reported that it will deliver 6 050 t of copper from its Tritton operation, in New South Wales, between August 2021 and June 2022, in monthly installments of 550 t.
The company told shareholders that the hedges will be undertaken through zero net premium option collars, with a strike price of the put option at A$11 900/t, and the strike price of the call option at A$12 900/t.
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