Gold miner Resolute Mining has forward sold an additional 36 200 oz of gold at an average price of $1 562/oz, which will be delivered monthly at a rate of 1 200 oz between July and December this year, with 5 000 oz a month to be delivered between January and June next year.
MD and CEO John Welborn on Monday said that the company was taking advantage of market volatility and the current gold price strength to incrementally extend its US dollar denominated gold hedge position.