PROJECT FINANCE

Emperor closes hedge book for $US34.2m

EMPEROR Mines has closed its gold hedge book of 145,695oz for $US34.2 million ($A41 million) as part of a strategy to reduce all debt and hedge liabilities.

MiningNews.Net
Emperor closes hedge book for $US34.2m

The gold, which was hedged at an average price of about $US435.3 per ounce, was closed at a spot price of $670/oz. The company said in a statement that ANZ Bank had agreed to defer the settlement until...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.