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Acacia buys into further gold price protection measures

By:  
Creamer Media Contributing Editor Online
 
GOLD
Embattled Tanzania-focused miner Acacia Mining has bought additional put options covering 120 000 oz of gold at a strike price of $1 320/oz at a cost of $2-million. The options would expire in equal instalments of 30 000 oz a month between March and June.
 
 
 
 
 

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