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Newcrest hedges its Telfer bets

By:  
Creamer Media Senior Deputy Editor: Australasia
 
GOLD
Gold miner Newcrest Mining has hedged a portion of the future gold production from its Telfer mine, in Western Australia. The company hedged 64 714 oz of gold during the 2016 financial year, at a price of A$1 707/oz, a further 300 694 oz in the 2017 financial year, at a price of A$1 730/oz, and 165 341 oz of gold for the 2018 financial year, at a price of A$1 761/oz.
 
 
 
 
 

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