Does anyone know how many ounces Barrick still has hedged?I read it was still more than 9.5 million ounces.
A LOT !http://www.investmentrarities.com/05-08-07.htmlBarrick is still sitting on more than 3.5 BILLION in losses unrealized!
You HUI gold bugs fully unhedged gold stocks are doing that at the dillution of shares! ABX is financing just a few gold mines via hedges! I would rather want increase cash flow vs dillution of shareholder value that the other miners are doing!!
This sounds like good information. Anyone know of unhedged silver producers or gold producers? Or, those with minor hedging activity?
Read the rest of the story:http://biz.yahoo.com/ap/070502/earns_barrick_gold.html?.v=1