Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: marcos who wrote (49530)	9/25/2007 5:26:31 PM
From: russet	Read Replies (2) of 78409

But WGI has presold their gold at higher values than today and will start production shortly so it will not be long before the hedge is dehedged. Their costs are in U.S. dollars (U.S. labor) and they have hedged important input costs such as energy and chemicals. It is not valid to paint all companies with the same anti hedging brush. Most small to mid cap near producers will have to hedge their metal products in order to get loans with reasonable interest rates and fees from financial institutions for capex, so it's something we will see a lot of. Why would you think GOZ will not have to hedge in order to finance their capex for any project they undertake?

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