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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: yard_man who wrote (218478)2/3/2003 6:05:20 PM
From: Broken_Clock  Read Replies (1) of 436258
 
FYI,
from PDG IR on their hedge program...

"For 2003, based on 3.5M ounces Placer will be approximately 25% hedged at an
average price of approximately $370 USD/oz. We will be releasing our complete
go forward hedge position on Feb 19th with our Q4 statements. It will be
available on our website.

No there penalties exist apart from the opportunity cost on revenue."
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