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Gold Road closes forward sales

By:  
Creamer Media Senior Deputy Editor: Australasia
 
GOLD
Gold developer Gold Road Resources has closed out its margin gold forward sale facility with the Commonwealth Bank of Australia, generating pre-tax profits of A$11.92-million. A total of 50 000 oz, at an average gold price of A$1 791/oz, was secured in support of potential project finance for the Gruyere gold project, in Western Australia.
 
 
 
 
 

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