Gold firms jump off the hedge

AS one gold mining junior reported locking in some forward sales, capital markets firm Argonaut last week pointed out hedging had been costing Australian Securities Exchange-listed miners a fortune in recent times.

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Argonaut's assessment of the ASX's dozen most relevant gold miners (excluding Newcrest Mining) revealed estimated revenue of $A2.2 billion had been forgone from hedging since September 2019.

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