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


To: Enigma who wrote (1508)12/7/1999 9:12:00 AM
From: nickel61  Read Replies (1) | Respond to of 3558
 
ABX's hedge book contains 13 million ounces of gold sold forward and it has also sold calls on an additional 5 million ounces. Their annual production is 4 million ounces how do you call that "a small proportion of their annual production"?