Pantoro (ASX:PNR) made an option trade for its 2025 gold production via a zero-premium collar, according to a Monday filing with the Australian bourse.
The trade was executed without any payment to the counterparty, Commonwealth Bank of Australia (ASX:CBA), with the Western Australia-based gold producer maintaining full exposure to gold prices of up to AU$4,200 per ounce and with minimal downside of prices rising beyond that, the filing stated.
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