09/05/2016 - 21:10

Blackham hedges $34m worth of gold

09/05/2016 - 21:10

Bookmark

Upgrade your subscription to use this feature.

With only months to go before leaping into production in Wiluna, Blackham Resources have moved to de-risk the start up phase of the project by forward selling 20 000 ounces of gold at AUD$1701 an ounce.The company has a “Put” option over another 20 000 ounces that will allow them to sell gold at AUD$1575 even if the spot price drops below that figure.

Subscribe today for award-winning, unbiased and trusted journalism

Subscription Options