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News: Norton Gold Fields boosts hedge book

  1. Norton Gold Fields (ASX:NGF) has taken advantage of the 8% climb in the U.S. price of gold in January, and the falling Australian Dollar, to increase forward sales of the yellow metal.

    Norton sold an additional 27,500 ounces of gold for delivery by December 2016 to Macquarie Bank (ASX:MQG) at A$1,628 per ounce.

    The company now has around 200,000 ounces of gold at a weighted average flat forward price of A$1,485 per ounce deliverable by December 2016.

    During 2014, Norton produced 178,269 ounces of gold from its open cut and underground operations at Paddington, near Kalgoorlie in Western Australia.


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