Check out their official table of hedging under quarterly reports: drd.co.za . Through 06-30-99...based on approx 700,000 oz annual production:
Year Ending--Type of Contract--Oz of Gold--Price per Oz ------------------------------------------------------- 06-30-2000---Forward Sales-----280,000--------$299.30 -------------Forward Sales------20,000--------$290.00 ---------Accreting frwd sales--200,000--------$316.87 -------------Call Options-------79,200--------$303.10
06-30-2001---Forward Sales-----244,000--------$322.03 -------------Forward Sales------11,000--------$297.25 ---------Accreting frwd sales--200,000--------$316.87 -------------Call Options------106,100--------$319.50
06-30-2002---Forward Sales------78,000--------$335.21 -------------Forward Sales-------7,000--------$304.65 ---------Accreting frwd sales---50,000--------$316.87
06-30-2003---Forward Sales------48,000--------$410.00 and onwards--Forward Sales------12,000--------$316.20 |