Western Gold: Announcement on Conducting Hedging Transactions for the Year 2026

NightAirdropper · 2026-04-10T17:27:40+00:00

Western Gold will hold a board meeting on April 7, 2026, to review and approve the proposal to carry out gold hedging transactions, with the transaction amount expected not to exceed 11.89B yuan, a guarantee amount not exceeding 720 million yuan, and the maximum net position scale not exceeding 3.6 billion yuan.

NightAirdropper

2026-04-10 17:27:40

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Securities Daily News Brief: On April 7, Western Gold issued an announcement stating that on April 7, 2026, the 24th meeting of the company’s Fifth Board of Directors reviewed and approved the “Proposal on the Company’s Hedging Transactions.” Based on the company’s full-year 2026 production plan, together with factors including the increase in the gold price and the Shanghai Futures Exchange raising margin requirements, the planned amount for gold hedging transactions is expected not to exceed RMB 11.891 billion, the corresponding margin amount to be used is expected not to exceed RMB 720 million, and the maximum net position size at any point in time is not to exceed RMB 3.6 billion.

(Edited by Ren Shibi)

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