By Steven Moore | Friday 21 June 2013
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
AIM-listed, Tanzania gold producer Shanta Gold (SHG) has announced it has “entered into forward sale contracts over an additional 9,000 ounces to be delivered during the period to March 2014. These forward sales were secured at an average price of $1,362 per ounce. The company now has in place total outstanding forward sales contracts over 30,000 ounces through to March 2014 at an average price of $1,398 per ounce”.
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