PRECIOUS METALS

Alacer Gold hedges below spot

Alacer Gold has hedged 160,000 ounces of gold at US$1,273 per ounce from a portion of its Çöpler oxide production in Turkey as part of its “de-risking efforts”.

Alacer's Çöpler plant in Turkey

Alacer's Çöpler plant in Turkey

Whether that was a wise move remains to be seen.  Alacer’s hedge from July 2016 to September 2018 came as the results of the Brexit vote saw nervous investors pile into the yellow metal with the price...

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