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Gold/Mining/Energy : Gold Price Monitor

GDXJ 89.99

+2.8%

Nov 5 4:00 PM EST

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To: Follies who wrote (38268)	8/3/1999 8:10:00 PM
From: Greg Ford	Read Replies (1) of 116752

The numbers represents the in the money portion of each hedge. For example, if Barrick has a mark to market of $750 million and total hedge ounces of 12.5 million then the in the money portion is 700 million/12.5 million = $60 per ounce. At the end of the first quarter the MTM of the various producers in $ were as follows: ---- Ounces (000's) ----- MTM (millions) Ashanti ------ 8747 ----- 215 Barrick ------ 12500 ----- 750 Bema --------- 228 ----- 8 Cambior ------- 640 ----- 51 Dayton -------- 63 ----- 3 Echo Bay ------ 1500 ----- 27 Eldorado ------ 327 ----- 8 Hecla -------- 3 ----- .2 Kinross ------ 150 ----- 3.4 Mcwattters----- 58 ----- .4 Placer Dome-- 5500 ----- 570 Richmont ----- 11 ----- .1 Viceroy ----- 225 ----- 20 Hope this helps. Greg

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