Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

BRIEF-Evolution Mining says sold forward 300,000 ounces of gold with scheduled deliveries out to Dec 31 2019

Published 01/09/2015, 09:00 am
Updated 01/09/2015, 09:07 am
© Reuters.  BRIEF-Evolution Mining says sold forward 300,000 ounces of gold with scheduled deliveries out to Dec 31 2019
EVN
-

Sept 1 (Reuters) - Evolution Mining Ltd EVN.AX :

* Implementation of additional gold hedge EVN.AX

* Says has sold forward 300,000 ounces of gold at an average price of A$1,638 per ounce with scheduled deliveries out to 31 December 2019

* Says remaining 200,000 ounces will be delivered during the January 2018 to December 2019 period

* Says additional hedging includes 100,000 ounces of gold for delivery in FY 2016

* Says Evolution will have a gearing ratio of approximately 27-28%

* Hedge contracts have been entered into with evolution's banking syndicate

* Evolution's total gold hedge book as at 31 August 2015 stands at 821,311 ounces of gold at an average price of A$1,590 per ounce

* Source text for Eikon ID:nASX84sFVD

*

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.