Adamus locks in $US1075/oz hedge

ADAMUS Resources says its Southern Ashanti gold mine in Ghana will generate around $US130 million ($A146 million) in its first two years of operations, after the company locked in hedging contracts this week at $US1075 per ounce.

Adamus locks in $US1075/oz hedge Adamus locks in $US1075/oz hedge Adamus locks in $US1075/oz hedge Adamus locks in $US1075/oz hedge Adamus locks in $US1075/oz hedge

The contracts form part of the $US76 million financing package for the South Ashanti mine in West Africa, and will see the company deliver 290,000oz of gold over the first 5.

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