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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (315)6/7/2000 7:47:00 PM
From: goldsheet  Respond to of 4051
 
> Bob, if you would give me who you feel are the worst Aussie offenders (whoops I mean hedgers) I'll do the legwork on looking over their status.

I spend most of my time looking at production, reserves, cash costs, etc... in annual reports,
so I haven't spent much time in the hedge section of Australian annual reports.

I'd focus your efforts on the top 5 producers:
Normandy, Newcrest, Delta, Goldfields, Sons of Gwalia

Here are the URLs to help you out:
normandy.com.au
newcrest.com.au
deltagold.com.au
goldfields.com.au
sog.com.au



To: russwinter who wrote (315)6/7/2000 9:05:00 PM
From: Enigma  Read Replies (1) | Respond to of 4051
 
I'm not quite sure why you're getting involved in this crusade - it especially depends on you really understanding the subject.



To: russwinter who wrote (315)6/8/2000 12:34:00 AM
From: goldsheet  Read Replies (2) | Respond to of 4051
 
Newcrest hedge book at 31 Jan 2000
newcrest.com.au
7.4moz hedged, most of which (70%) are put options.
Newcrest produces 850,000 ounces per year, with the new Ridgeway project taking them up to 1.2moz/year by 2002

Sons Of Gwalia hedge book at 31 March 2000
sog.com.au
3.7moz, almost all (90%) put options
SGW production runs about 450,000 ounces per year.