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Saracen adds to hedge book

FRESH from announcing it will suspend the expansion of its flagship Carosue Dam plant, Saracen Mineral Holdings has moved to protect itself against the falling gold price by increasing hedged ounces.

Lauren Barrett
Saracen adds to hedge book

Saracen informed the market today about its hedging restructure, which would see hedged ounces in financial year 2014 grow from about 42%, or 46,800 ounces, to about 60%, or 66,300oz of the 110,000-120,000oz...

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