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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Enigma who wrote (75630)	8/28/2001 9:18:20 PM
From: lorne	Read Replies (1) of 116764

TVX Restructures Gold Hedge Positions Aug 27, 2001 (BNamericas.com via COMTEX) -- Toronto-based TVX Gold (NYSE:TVX) said it has completed a restructuring of its gold hedge positions, and at the same time cut its debt by US$17.6mn. "The new conservative hedge program continues to provide downside protection; however, more importantly, it provides the company with all of the benefit of any future increase in the price of gold,'' said TVX president and CEO Sean Harvey. TVX has a 50:50 joint venture with Australia's Normandy Mining (ASX: NDY) covering their assets in the Americas, which include shares in La Coipa gold-silver mine in Chile and Brazil's Brasilia and Crixas gold mines. jumpfn.123jump.com

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