PERTH (miningweekly.com) – Copper/gold miner Aeris Resources has entered into an Australian-dollar gold hedge with Australia and New Zealand Banking Group, covering 21 000 oz of gold at a forward price of A$2 538.54/oz.
The ASX-listed company on Monday noted that the hedge would mature between November this year and October next year, and in scheduled monthly deliveries representing 30% of targeted production at the Cracow gold mine, over the next 12 months.
Aeris earlier this year upgraded its production guidance for Cracow from between 57 000 oz and 62 000 oz for 2022, to between 67 000 oz and 71 000 oz. The miner also put forth a production target of between 60 000 oz and 65 000 oz for 2023.