Gold hedge unlocks funds for Allied

PERTH-based Allied Gold has locked in a hedging commitment for gold produced from its Simberi gold project in PNG that also allows it to access its $US25 million finance facility.

Gold hedge unlocks funds for Allied Gold hedge unlocks funds for Allied Gold hedge unlocks funds for Allied Gold hedge unlocks funds for Allied Gold hedge unlocks funds for Allied

The hedge of 170,000oz of gold at $700 per oz for delivery between March 2008 and December 2011 allows the company to participate in any upside in gold prices for 40%, or about 60,000oz, of the

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