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

To: Edmund Lee who wrote (731)	11/10/1999 5:49:00 PM
From: Jay Anderson	Read Replies (1) \| Respond to of 905

Canadian Company Press Release TVX 1999-11-10 (provided courtesy of BCE Emergis E-News Services.) register to receive future releases by email from BCE Emergis E-News Services TVX Reduces Silver Hedge Position By One Third Toronto, Ontario-- TVX Gold Inc. advises that it recently reduced its silver hedge position by one third, buying back 5.05 million ounces of silver written call options and selling 2.5 million ounces of its existing silver put options. The net cost of the transaction was $1.35 million. As a result of the reduction, the revised silver hedge position now stands at 2.25 million ounces of long put options at a strike price of $5.06 per ounce, from December 1999 through to December 2000, and 10.6 million ounces of written call options at a strike price of $5.99 per ounce from December 1999 through to December 2003. TVX's silver production for 2000 is estimated at 4.5 million ounces. Forward-Looking Statements Some statements in this press release contain forward-looking information. These statements address future events and conditions and so involve inherent risks and uncertainties. Actual results could be significantly different from those currently projected. * * * * * For Investor and Media Information, contact: Ed Baer Carl Hansen Vice President, Investor Relations Manager, Investor Relations Tel: (416) 941-0147 Tel: (416) 941-0119 ebaer@tvxgold.com cbhansen@tvxgold.com Toll Free (in North America): 1 877 TVX GOLD (889-4653) Visit our website at www.tvxgold.com or, e-mail us at info@tvxgold.com. All dollar amounts are expressed in US dollars.