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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST

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To: Ken Benes who wrote (55548)6/30/2000 9:16:12 AM
From: lorne  Read Replies (2) of 116759
 
Canada's Agnico-Eagle insists it still won't hedge gold output
Toronto--June 29--Canada's Agnico-Eagle Mines Ltd will "never sell any ounce
of gold forward," president and CEO Sean Boyd said at the company's annual shar
eholder meeting on Thursday. Boyd said that hedging activities by other gold
producers and speculative short sellers has hurt the gold price and added that
the company won't consider gold hedging, as it would restrict Agnico-Eagle's
upside to a gold price rally, which would in turn impair its share price. (Story
.19466)
crbindex.com
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