covers delivery from September 2010 to Sept 2013 with cost of production A$562 per ounce inc royalties. As previously announced Duketon currently has 761,000 ounces of gold reserves.
See ann out at 2.19pm for full details but MD comments "hedging programme completed at a price that should deliver a strong margin over operating costs & further enhances robust economics of Duketon Gold Project."
hedging ann: 150,000oz / a$1340oz
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