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Argonaut cuts metal price outlook

DESPITE a mostly positive outlook for metals, Argonaut has trimmed its price forecasts, though Australian producers are largely protected by further reductions to the exchange rate assumption.

Kristie Batten
Argonaut cuts metal price outlook

The gold price is currently at around a seven-week high of $US1165 an ounce, or close to $A1600/oz, but Argonaut reduced its outlook by 4-8% from the 2016 financial year, reflecting a strengthening US...

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