Barrick Gold (ABX) Message Board

STOCKTALK

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 : Barrick Gold (ABX)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ken Benes who wrote (3394)	2/19/2003 6:05:34 PM
From: rdww	of 3558

none of ABX's hedging is this simple - but I think they have 20% of 80MM oz hedged and if so - that's 16MM oz and they can defer out a max of 15 yrs that they have to pay out that gold at 310 an oz. So as long as gold is 350 +, then ABX is always gonna be $640MM on the wrong side. Sure they have other gold though that ain't margined so they will get 400 gold spot for some and 310 for others and suck in terms of net profit vs someone like G. Nice to see that G had more net profit with less oz last 1/4 vs ABX. That must feel good over at G.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next