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PRESS RELEASE
28 AUGUST 2015
GOLD HEDGE PROGRAM
Metals X Limited (Metals X) is pleased to announce it has entered into a gold hedging program comprising 245,000 ounces of gold with scheduled deliveries out to September 2018. The flat forward price achieved is A$1,631.23 per ounce.
The implementation of a modest hedging program takes advantage of today's strong AUD gold price and secures a portion of cash flow. The hedged amount represents approximately 21% of the projected production guidance out to 2018.
Metals X's Executive Director & CEO, Peter Cook said:
"Metals X is very pleased by the pricing that was achieved upon execution of the hedging facility. Hedging a component of our future gold production provides various benefits, including cash flow certainty, and enables Metals X to continue to actively invest in further growth".
ASX Code: MLX
OTCQX Code: MLXEF
Level 3, 18-32 Parliament Place
West Perth WA 6005
Australia
[email protected] www.metalsx.com.au
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Metals X Ltd
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EXPLORATEUR |
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CODE : MLX.AX |
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ISIN : AU000000MLX7 |
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Metals X est une société développant des projet miniers de étain basée en Australie. Son principal projet en exploration est RENISON au Tasmanie. Metals X est cotée aux Etats-Unis D'Amerique, en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 176,7 millions AU$ (127,5 millions US$, 111,7 millions €). La valeur de son action a atteint son plus haut niveau récent le 28 novembre 2014 à 2,76 AU$, et son plus bas niveau récent le 20 mars 2020 à 0,05 AU$. Metals X possède 609 340 032 actions en circulation. |