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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: long-gone who wrote (47984)	2/4/2000 3:10:00 PM
From: goldsheet	Read Replies (1) of 116753

newswire.ca During the fourth quarter of 1999, the Company added to its hedge position as the gold price rallied to two-year highs. Hedged production at December 31, 1999 was comprised of 7.4 million ounces in forward sales and 2.5 million ounces in call options at expected prices in excess of $400 per ounce with an aggregate positive mark-to-market value of $350 million. Approximately 85% of the Company's reserves remain unhedged. The details of the Corporation's hedging position will be released with the Company's year-end results on February 24, 2000.

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