Troy Hedging
29.04.2014 | Marketwire
NOT FOR RELEASE TO UNITED STATES NEWSWIRE SERVICESPERTH, WESTERN AUSTRALIA -- (Marketwired - April 29, 2014) - Gold producer Troy Resources Limited (ASX:TRY) (TSX:TRY) (Troy or Company) advises that it has entered into a hedging program with Investec Bank as follows:
- 14,000oz of gold for delivery over the next 12 months at a flat forward price of US$1,300 per oz; and
- 360,000oz of silver at US$19.46 per oz for delivery over the next 12 months.
This is in addition to the 1,680,000oz of silver hedged last week at US$19.40 per oz.
ABN: 33 006 243 750
CONTACT INFORMATION
Troy Resources Limited
Paul Benson, Chief Executive Officer
+61 8 9481 1277
troy@troyres.com.au
www.troyres.com.au
Cannings Purple
Annette Ellis / Warrick Hazeldine
Media Relations
+61 8 6314 6300
aellis@canningspurple.com.au