St Barbara hedges for debt

GOLD miner St Barbara has entered into 50,000 ounces of forward gold contracts to reduce the US dollar gold price risk associated with future debt repayments.

St Barbara hedges for debt St Barbara hedges for debt St Barbara hedges for debt St Barbara hedges for debt St Barbara hedges for debt

The company will deliver 50,000oz in monthly instalments between July and December at $US1260 an ounce, in line with the current gold price.