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Gascoyne hedges its bets

By:  
Creamer Media Senior Deputy Editor: Australasia
 
GOLD
Gold developer Gascoyne Resources has taken advantage of the strong Australian gold price, entering into a hedge agreement with the Commonwealth Bank of Australia. The company told shareholders on Thursday that some 82 000 oz of gold from the Dalgaranga gold project, in Western Australia, have been forward sold at a price of A$1 660/oz in a short-dated structure.
 
 
 
 
 

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