Friday, May 18, 2007

Harmony Gold closes out 230,000 oz Australia hedge

(Reuters) - South Africa's Harmony Gold paid A$75.8 million to close out the remainder of its Australian hedge book totalling 230,000 ounces, the firm said on Friday.

The hedge had an average forward price of A$517.78 per ounce and it was closed out at A$809 per ounce, a statement said.


Read more at Reuters Africa

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