Western Region Gold receives nod for futures hedging program

Western Region Gold (SSE:601069) has announced it received approval to proceed with a gold futures hedging program aimed at mitigating price volatility impacting its production operations, capping the amount used for the transaction at CNY 5.6 billion, with a CNY 250 million security deposit. This decision comes after a comprehensive review of previous related transactions, where the company adhered to guidelines and maintained appropriate risk management. Central to this decision was a confirmation that no unauthorized funds were used for anything other than what's required, and the business isn't compromised. An explanation on how it'll handle the new futures hedging transactions will be released. Meanwhile, previous equity and commercial activity is being put in place to support the company's operations.