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Metals X Limited — Capital/Financing Update 2015
Aug 27, 2015
10401_rns_2015-08-27_150ffd77-747f-41ee-8e6b-c607dec05f3e.pdf
Capital/Financing Update
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PRESS RELEASE
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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”.
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ENQUIRIES
Peter Cook Warren Hallam Rod Corps Executive Director & CEO Executive Director Manager – Investor Relations e: [email protected] e: [email protected] e: [email protected]
[email protected] www.metalsx.com.au
ASX Code: MLX OTCQX Code: MLXEF
Level 3, 18–32 Parliament Place West Perth WA 6005 Australia