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Gold/Mining/Energy : Gold Price Monitor

GDXJ 129.86

+4.7%

Feb 3 4:00 PM EST

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To: Square_Dealings who wrote (74562)	8/6/2001 8:03:42 PM
From: lorne	Read Replies (1) of 116959

Harmony closes 400,000 ounces of hedge book Story Filed: Monday, August 06, 2001 2:09 PM EST Aug 06, 2001 (AFRICAN MINING MONITOR via COMTEX) -- Harmony has reported that it has closed 400,000 ounces of gold of its hedge book since the end of March. The hedge book was reduced by 170,000 ounces in the quarter ending in June yet the weak gold price in recent weeks prompted a further reduction of 230,000 ounces. The reduction comes as Harmony's bid to be one of the least hedged gold producers in South Africa and also to provide the company with the chance to take immediate advantage of any rise in bullion prices. (Reuters, 01 Aug 2001.) African Mining Monitor includes paraphrased and abstracted material with the source, which is deemed to be reliable and duly identified. library.northernlight.com

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