Hillgrove Resources (ASX:HGO) entered into a new copper hedge program with Commonwealth Bank of Australia (ASX:CBA) covering 3,600 tonnes of copper production from September to August 2027 at a fixed price of AU$20,046 per tonne, according to a Monday filing with the Australian bourse.
The hedge program ensures fixed-cost coverage while maintaining upside exposure on the majority of production, per the filing.
Hillgrove said its fully closed out its previous hedge book with Freepoint Metals & Concentrate in July.
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