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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: russwinter who wrote (341)6/12/2000 9:57:00 AM
From: Enigma  Read Replies (1) of 4051
 
I think the attitude that hedging per se is a bad thing is unrealistic - it seems to have been a part of mining for a long time and is perfectly understandable - especially if large projects require financing. A witch hunt against all hedgers - without looking at the entire picture affecting each company? Of course some companies are using the fact that they don't hedge as a marketing pitch - I saw one the other day but can't remember which one - when I remember I'll get back to you. It might have been CRJ - although it did some sort of hedging I remember. I don't think Goldcorp and Agnico hedge - and this is understandable - given the very high grade reserves they have and the flexibility this affords them - as with Campbell Red Lake in the past.
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