The Conversation (0)
Adamus CEO May Consider Closing Gold Hedge if Shares Climb
Mar. 22, 2011 09:22AM PST
Precious Metals InvestingReuters reported that this year, Adamus Resources (ASX:ADU) intends to become Wester Africa’s newest gold producer and may close its hedge.
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.
