Established Australian copper-gold producer and explorer Aeris Resources Limited (ASX: AIS) is pleased to announce it has entered into unsecured A$ copper hedges with Macquarie Bank Limited.
The hedges will cover the period August 2021 to June 2022 in scheduled monthly deliveries of 550 tonnes (6,050 tonnes in total).
The hedges are through Zero net Premium Option Collars where Aeris buys puts and sells call options to form a collar structure with zero premium payable:
- The strike price of the put options is A$11,900/t; and
- The strike price of the call options is A$12,900/t.