New Gold hedges nearly all remaining 2016 gold output
March 09, 2016 at 17:06 PM EST
NEW YORK, March 9 (Reuters) - New Gold Inc has hedged nearly all of its remaining 2016 gold production to ensure cash flow for its Rainy River project, the company said, an unusually large amount for a miner after bullion made its biggest rally in 4-1/2 years.
