Adamus CEO May Consider Closing Gold Hedge if Shares Climb

Reuters reported that this year, Adamus Resources (ASX:ADU) intends to become Wester Africa’s newest gold producer and may close its hedge.

The market news is quoted as saying:

The company has hedged 290,000 ounces of gold at $1,075 an ounce, which means it will partly miss out on a rally that took prices to a record high of $1,444.40 an ounce on March 7.

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