Allied cuts down debt through hedge book management

PAPUA New Guinea gold producer Allied Gold has sliced off $US3.3 million ($A4.91 million) from its corporate debt position as it moves to reduce hedge book exposure.

Allied cuts down debt through hedge book management Allied cuts down debt through hedge book management Allied cuts down debt through hedge book management Allied cuts down debt through hedge book management Allied cuts down debt through hedge book management

The company said the $US3.3 million reduction was a direct result of proactively managing its hedge book in light of its ongoing financial risk management as outlined in previous quarterly reports.

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