trending Market Intelligence /marketintelligence/en/news-insights/trending/757Yk4-KE_Nh8IthmsDUmA2 content esgSubNav
In This List

Resolute Mining hedges 22,800 gold ounces amid 'market volatility'

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

Blog

Insight Weekly: CEO pay jumps; yield curve inversion deepens; wind giants lift turbine prices

Blog

Watch Nickel Market Outlook Complex Demand Supply Fundamentals


Resolute Mining hedges 22,800 gold ounces amid 'market volatility'

Resolute Mining Ltd. forward sold an additional 22,800 ounces of gold at an average price of US$1,553 per ounce in scheduled monthly deliveries of 3,800 ounces between July and December.

The company said Jan. 3 that it took advantage of market volatility and current gold price strength to extend its U.S. dollar-denominated gold hedge position.

Resolute noted that the hedging will secure price certainty during 2020 for some of the sales from its Mako mine in Senegal and the Syama mine in Mali, where the sulfide roaster was recently brought back online after repairs on its main external shell.

The company's total gold hedge book now includes 177,800 ounces in monthly deliveries out to December.