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Yamana betting on gold fall

Yamana Gold (CN:YRI) will be hoping its hypothesis on gold prices falling at the end of calendar years is right after locking up 60% of its production in options contracts at a maximum price of US$1,414 per ounce.

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Option contracts for Jacobina and other mines will help Yamana escape the terror of potential gold price falls

Yamana is developing the Cerro Moro gold mine in Argentina and said it had to guarantee cashflow as commercial production approaches in the second half of 2018.