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

To: goldsheet who wrote (358)	6/24/2000 6:55:00 PM
From: Archie Meeties	Respond to of 4051

The only move that HM has made that puts in the philosophical camp of the unhedged or lightly hedged miners is the closure of all of its forward sales of silver. It also closed about 245,000 ounces of gold maturing in 2001-2003. But beyond 2003, they have actually increased their forward sales. Their current forward US contracts total 733,000, an increase from the year end 514,280. All of the increase comes from years beyond 2004. There was a reduction in forward sales for 2000. The increase in Australian forward contracts is even more stunning - from 100,400 to 424,400. Interestingly, no hedges for 2000 or 2001. Hmmm.