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发表于 2009-6-4 07:26 PM
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请高手看看这是好消细 还是坏消细 . What is "unhedged" mean?
SEMAFO is 100% Unhedged
On Thursday June 4, 2009, 12:38 pm EDT
SEMAFO TSX-SMF
MONTREAL, June 4 /CNW Telbec/ - SEMAFO Inc. (TSX: SMF - News) today announced the Company has closed out the remaining ounces of its hedge program in the normal course of business. The completion of this obligation will allow the company to benefit from the market price of gold and improved cash generation.
"We remain committed to the ongoing improvement of the Company's overall performance," said Benoit La Salle, SEMAFO's President and CEO. "In today's marketplace controlling costs, increasing production and cash flow are all part of our commitment to increase shareholder value".
SEMAFO was required to enter into a hedge program in 2003 when financing construction of the Samira Hill mine in Niger. |
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