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To: Rightuvu
Too bad Barrick is so highly hedged.
5 posted on 04/25/2002 9:13:33 AM PDT by d4now
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To: d4now
Too bad Barrick is so highly hedged.

Doesn't matter, Barrick's hedge contracts can be rolled forward and half of production is not hedged. Hedging was great for Barrick when the rest of the mining companies were getting market prices for gold, Barrick was making over $300 million a year just from their hedge premium.

7 posted on 04/25/2002 9:20:19 AM PDT by Cuttnhorse
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