PERTH (miningweekly.com) – Zinc miner New Century Resources has expanded its zinc hedging programme by an additional 90 000 t between January 2022 and December 2023.
The ASX-listed company on Monday said that it had achieved a price of A$3 938/t for the additional hedging, compared with the A$3 717/t for the initial three-year hedging, which was completed in June this year.
Total zinc hedging is now at 170 000 t, at an average price of A$3 834/t, out until the end of June 2024, with the value of the forward sales estimated at A$650-million.