There is an interesting announcement today from EXG Excelsior...

There is an interesting announcement today from EXG Excelsior Gold
Can MNM also do something like this

Excelsior Hedges Gold Production
Excelsior Gold Limited (“Excelsior Gold” or the “Company”) is pleased to announce that it
has taken advantage of the recent volatility in the gold price by entering into Australian
Dollar gold hedging contracts consisting approximately 50,800 ounces of forwards at
A$1,570 per ounce through to December 2017.
Excelsior Gold has also granted call options for approximately 21,200 ounces of gold
throughout 2018 with an exercise price of A$1,600 per ounce. The remaining ounces coming
out of production from the Kalgoorlie North Gold Project totalling approximately 193,300
ounces remain unhedged and will have full exposure to movements in gold price.
Hedging of the above profile ounces is a condition precedent of the project loan facility to be
finalised with Macquarie Bank Limited as announced on 13 July 2015. The hedged positions
are subject to various conditions subsequent, including completion of documentation and​

execution of the project loan facility.