slideshow 1

You are here

11/12 - Unity hedges Henty gold production

Unity is pleased to announce that it has taken advantage of recent volatility in the
A$ gold price to enter into gold hedging contracts on favourable terms. 15,000 oz
of gold put options have been acquired to hedge approximately 70% of Henty’s
forecast gold production during January to June 2015. The puts provide the
company with the right, but not the obligation, to sell 2500 oz of gold per month
over that period at a price of A$1445/oz, while still retaining full exposure to
increases in the gold price above that level.

Henty has continued to outperform against production and cost targets during
October and November 2014. A full update on the company’s activities will be
provided in the quarterly report in January 2015.


Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer