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Miner Fresnillo looks to hedge some gold output
From Reuters
Wednesday, October 15, 2014
Mexican miner Fresnillo Plc reported a small drop in quarterly silver production and said it could hedge a part of its gold output to protect its recent investment in the Herradura corridor in northern Mexico.
Shares in the miner fell as much as 3.4 percent on Wednesday morning, making the stock one of the top percentage losers on the FTSE 100 index.
An increasing numbers of precious metals miners, battered by last year's steep drop in prices, are selling planned output forward to better control their cash flow. ...
... For the remainder of the report:
http://uk.reuters.com/article/2014/10/15/fresnillo-output-idUKL3N0SA2UV2...
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