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Atlantic Gold Enters Hedging Contracts Covering 100,000 Ounces of Gold Production
May. 03, 2016 12:58PM PST
Resource Investing News Atlantic Gold (TSXV:AGB) announced that it has entered into gold price hedging contracts covering 100,000 ounces from its Moose River consolidated project, as per its hedging facility of up to 215,000 ounces. As quoted in the press release: The Contracts were executed on a spot basis of CAD$1,619 per ounce, and will be scheduled out …
Atlantic Gold (TSXV:AGB) announced that it has entered into gold price hedging contracts covering 100,000 ounces from its Moose River consolidated project, as per its hedging facility of up to 215,000 ounces.
As quoted in the press release:
The Contracts were executed on a spot basis of CAD$1,619 per ounce, and will be scheduled out for delivery over the term of the Company’s project loan facility. The Company was advised on the execution of this program by its debt and hedge advisors, Noah’s Rule.
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