Saracen Mineral Holdings Limited (ASX: SAR) secured an additional gold hedge of 200,000 ounces of gold at an average price of $2,187 per ounce for delivery scheduled in the December 2022 quarter.
- The company also notified that the Western Australian Minister for Finance, Aboriginal Affairs and Lands consents the proposed acquisition of the Super Pit Gold Mine in Kalgoorlie from Barrick Gold.
- The new hedge provides SAR with further financial certainty and repays the $400 million debt.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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