March 18 (Reuters) - St Barbara Ltd (SBM) :
- Total of 50,000 ounces of forward gold contracts are to be delivered in monthly instalments from July to December 2016
- Entered into forward gold contracts to reduce US dollar gold price risk associated with accumulating US funds
- Hedge provides gold price certainty at recent higher gold prices for a portion of the remaining US$168 million balance of US notes
- Anticipated co will pay out in full US$36 million balance remaining on the red kite debt facility by the end of June 2016
News: SBM St Barbara enters into forward gold contracts
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Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
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