Hunan Gold boosts risk management with hedging program

** Hunan Gold Corp (SZSE:002155) is set to enhance its risk management capabilities after securing shareholder approval for its proposed hedging and leasing activities. At the annual meeting, shareholders greenlit a plan allowing the company to engage in gold leasing and commodity futures trading, primarily through the Shanghai Gold Exchange. These activities aim to mitigate the impact of fluctuations in gold, antimony, and tungsten prices on the company's bottom line. The firm aims to have a maximum exposure of CNY 270 million in margin deposits at any given time and a cap of CNY 1.5 billion for the underlying holdings. In a statement, Hunan Gold emphasized that it will use these tools to hedge against price risks and will not engage in speculative trading activities. They add this program is not expected to have any impact on business dealings. Further news from the company came in its annual audit report, which found zero evidence of funds misappropriation by related parties in 2024.