SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: xdll who wrote (229)12/11/1997 11:56:00 AM
From: Tommaso  Read Replies (1) of 3558
 
First, gold will have to get to more than $400 an ounce before it's any incovneience to ABX. They could always raise production and sell uncommitted gold for whatever the market will bring. So I look at their forward contract as much as a floor as a celing. Also, the stock price should rise with expectations of more profitable sales in future years. What's depressing is when the price is really high and you find that your company has sold forward contracts at much lower prices.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News