PERTH (miningweekly.com) – ASX-listed Aeris Resources has announced additional copper hedging for its Tritton operation, in New South Wales.
The company on Monday told shareholders that it had entered into further unsecured Australian dollar copper hedges with Macquarie Bank, allowing the miner to participate in a copper price of up to A$11 100/t, which is some A$430/t above the current spot price, and a downside protection of A$10 000/t.
The hedge will cover between February and July this year, in scheduled monthly deliveries of some 667 t, for a total of 4 000 t of copper.