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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: goldsheet who wrote (324)6/8/2000 1:03:00 AM
From: goldsheet  Read Replies (1) of 4051
 
Delta Gold has 1.9Moz hedged, about 50% put options
Annual production runs 600,000 ounces, increasing to 800,000 following acquisition of Ross Mining NL

Goldfields has 2.278moz hedged, about 60% put options
Annual production runs about 450,000 ounces

Check March quarterlies (PDF) at their websites.

This research is starting to change my opinion of Australian miners.
Buying put options is probably the safest way to hedge, if you are going to do it.
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