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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.44

-1.2%

4:00 PM EST

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To: russet who wrote (48595)	2/8/2000 7:48:00 PM
From: Edmund Lee	Read Replies (1) of 116759

ABX's current hedging policy quoted from Kaplan's gold mining outlook "After the close of trading on Tuesday, February 8, 2000, Barrick Gold announced that it would not increase its current gold hedge position. According to president and chief executive Randall Oliphant, "We are going forward with the reduced level of hedging and plan to fully participate in rising gold prices. We do not plan to increase our spot-deferred position based on today's gold market."" He doesn't mention the source. goldminingoutlook.com

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