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New Century hedges its bets

By:  
Creamer Media Senior Deputy Editor: Australasia
 
BASE METALS
Base metals miner New Century Resources has executed a zinc hedging transaction with Macquarie Bank, representing some 25% of the annual production from its Century zinc mine, in Queensland. The company has hedged 90 000 t of payble zinc over a three year period, in equal monthly proportions, from July 2021 to June 2024, at a weighted average price of A$3 717/t, valuing the total transaction at A$335-million in future expected sales.
 
 
 
 
 

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