News and Announcements
Cobar Consolidated Resources Limited : 25 Jun 2012 Silver Hedging
- Published June 26, 2012 3:38PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Cobar Consolidated Resources Limited (ASX:CCU) advised today that it had closed out and replaced 1.8 million ounces of silver hedging at an average price of $29.63 per ounce.
The contract maturity profile has been maintained and the transaction has generated approximately $5.2 million in cash. These funds will be used to support the Company’s working capital requirements as it proceeds with commissioning of the Wonawinta Silver Project.
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