ASX-listed Aeris Resources has entered into an unsecured copper hedge with Macquarie Bank for 9 000 t of copper at a forward price of A$9 096.80/t.
“With the current copper price significantly above our budgeted price for the first half of the 2021 financial year, we have taken the opportunity to hedge 75% of our copper production over the next six months,” said executive chairperson Andre Labuschagne.