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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Investor-ex! who wrote (1425)	10/19/1999 12:43:00 PM
From: goldsheet	Respond to of 3558

> There are no "losses" on the forward sales, only opportunity losses had all the production been totally unhedged. BINGO, you got it right in one nice clear sentence. Being hedged Barrick will only participate in about 70% of the upside, which is not a real $ cost, but an opportunity cost.

To: Investor-ex! who wrote (1425)	10/19/1999 4:29:00 PM
From: Investor-ex!	Respond to of 3558

For anyone interested, Barrick's 3Q conference call is still available for replay until 10/21/99 at 1-800-558-5253, access code = 13318125, about 1.5-2 hours long, tons of nasty hedging questions from a diverse bunch of analysts and fund managers.