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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: MetalTrader who wrote (41890)11/22/2003 1:26:01 PM
From: ild  Read Replies (1) of 74559
 
RE: ABX hedging

I didn't go through ABX hedging book, but had an impression that they still have a significant hedge. What can threaten them is high inflation when POG rises sharply but their expenses are also up a lot.

Here's some October JMP research on ABX. It says they have 3 year worth of hedged production.
idorfman.com
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