St Barbara Ltd. said June 1 that it entered forward gold contracts on an additional 50,000 ounces of anticipated gold production from its Simberi mine in Papua New Guinea.

The gold will be delivered in monthly installments from July 2017 to June 2018 at A$1,730 per ounce.

St Barbara noted that with the latest contract, it has hedged a total of 100,000 ounces of Simberi's anticipated fiscal 2018 gold production.