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Blackham Resources locks in gold sales at A$1,836 per ounce

Gold is produced from the Matilda-Wiluna Gold Operation in Western Australia.

gold being poured
The Matilda -Wiluna has 6.7 million ounces of JORC resources

Blackham Resources Ltd (ASX:BLK) has capitalised on the strength in the Australian dollar gold price to expand its gold price protection at near record prices.

An additional 20,000 ounces of gold production has been hedged at a forward price of A$1,836 per ounce.

Blackham’s revised gold forward sales contracts position is for the delivery of 38,123 ounces at an average price of A$1,773 per ounce over the next 10 months.

This represents about 6 months of gold production price protection.

READ: Blackham Resources to boost Matilda-Wiluna gold production with low capex expansion

Quick facts: Blackham Resources Ltd

Price: 0.011 AUD

Market: ASX
Market Cap: $51.88 m

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on 28/2/19

2 min read