Tanzania's Acacia Mining hedges gold output at $1320 an ounce
Reuters The move by Acacia, majority owned by Barrick Gold, follows a similar operation last year, when the London-listed miner bought $3.2 million of put options covering 210,000 ounces at $1,300 an ounce to stem cash outflows. Tanzania banned the export of ... Acacia buys $2m in options to hedge against falls in gold price |
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