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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: Archie Meeties who wrote (357)	6/24/2000 12:17:00 PM
From: goldsheet	Read Replies (1) of 4051

> One camp may comprise of unhedged producers including the new Gold Fields International, Newmont and Homestake Mining of San Francisco. It is interesting how Homestake often get put in the unhedged category, when reading their annual report reveals otherwise. They have 1.4 million ounces of various contracts. Relatively light hedge - yes, unhedged - absolutely not ! Forward sales contracts: 514,280 Put options owned: 190,000 Call options written: 175,000 Call options purchased: 160,000 Australian $ denominated contracts: (1) Forward sales contracts: - 100,400 Put options owned: 240,000

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