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Gold/Mining/Energy : Precious and Base Metal Investing
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To: ralfph who wrote (6311)12/23/2002 8:41:44 PM
From: tyc:>  Read Replies (2) of 39344
 
Don't be too quick to say that BHK is about to become free of hedges. Production in the third quarter was only 16,000 ounces but hedges falling due in fourth quarter apparently amount to ~25,000 ounces. It was impossible to say what production would be this quarter because of the labour trouble.

If this were Barrick people would be saying they have real problems ! However it probably means only that they will have to roll forward their hedges until next year.
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