SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Mining Stocks
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: baystock who wrote (1373)6/11/2001 10:34:22 PM
From: goldsheet  Read Replies (4) of 4051
 
> ABX is still adding every year to their hedges, so how can all their hedges be at $340+ ?

One needs to compare positions from March 31 to December 31 to see what they added and at what price.

One example (spot deferred contracts for 2005):
In December they had 600,000 ounces at $357
In March they reported 700,000 ounces at $352

The 100,000 ounces added were at $322, so they are adding below $340, but the averages are still above $340 for all time periods.

REF: barrick.com
MATH: ((700000*352)-(600000*357))/100000 = 322
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News