Dacian hedges on high gold price

June 14, 2017

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Gold developer Dacian Gold has signed its first gold hedging contract over its Mount Morgans project, in Western Australia.

The company on Wednesday told shareholders that it had forward-sold 52 000 oz of gold at an average price of A$1 782/oz. The gold will be delivered between July 2019 and June 2020, with the hedge representing some 26% of the forecasted gold production from the Mt Morgans operation.

Category: General