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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Michael Collings who wrote (42406)	10/8/1999 12:52:00 PM
From: Radiosport	Read Replies (2) \| Respond to of 116767

Percent of reserves hedged doesn't seem the right measure. I would think percent of yearly production is a more important figure. Even if the hedge is uncalled, how long will it take to dig enough au to pay off the hedge and stop paying interest on the borrowed au? Echo Bay has 19% of its total reserves hedged at an average price of about $335 per ounce. Meridian Gold has 16% of reserves or 480,000 ounces hedged at a price of about $310 per ounce. Aobout 20% of Meridians' 2000 and 2001 gold output is hedged, Merrill estimates. Only 1% of Newmont Mining Corps' reserves are hedged