OceanaGold looks to wipe out hedge book

NEW Zealand’s largest gold producer OceanaGold is set to restructure its gold hedging facilities following a $US75 million ($A83.6 million) private placement in a bid to strengthen its balance sheet and attract new equity investors.

OceanaGold looks to wipe out hedge book OceanaGold looks to wipe out hedge book OceanaGold looks to wipe out hedge book OceanaGold looks to wipe out hedge book OceanaGold looks to wipe out hedge book

The capital raising is being undertaken by way of an Australian private placement and a concurrent Canadian offering, and will be put to shareholders at an extraordinary general meeting on March 25

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