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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: russwinter who wrote (315)6/8/2000 12:34:00 AM
From: goldsheet  Read Replies (2) of 4051
 
Newcrest hedge book at 31 Jan 2000
newcrest.com.au
7.4moz hedged, most of which (70%) are put options.
Newcrest produces 850,000 ounces per year, with the new Ridgeway project taking them up to 1.2moz/year by 2002

Sons Of Gwalia hedge book at 31 March 2000
sog.com.au
3.7moz, almost all (90%) put options
SGW production runs about 450,000 ounces per year.
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