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Saracen hedges for Super Pit buy

SARACEN Mineral Holdings has locked in 200,000 ounces of hedging as part of its US$750 million acquisition of Barrick Gold's 50% stake in the Super Pit.

Kristie Batten
The Super Pit in Kalgoorlie

The Super Pit in Kalgoorlie

The hedging has been added at an average price of A$2187 per ounce, to be delivered between now and December 2022. The company said the hedges would provide it with financial certainty after drawing...

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