Dual listed gold miner Resolute Mining has forward sold a further 30 000 oz of gold, at a price of $1 590/oz for scheduled monthly deliveries of 5 000 oz a month between January and June next year.
“Incremental expansion of our US dollar hedging position at levels which are significantly above our budgeted gold price, protects and supports Resolute’s near-term cash flows,” said Resolute MD and CEO John Welborn.