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

To: baystock who wrote (1373)	6/11/2001 10:34:22 PM
From: goldsheet	Read Replies (4) \| Respond to of 4051

> ABX is still adding every year to their hedges, so how can all their hedges be at $340+ ? One needs to compare positions from March 31 to December 31 to see what they added and at what price. One example (spot deferred contracts for 2005): In December they had 600,000 ounces at $357 In March they reported 700,000 ounces at $352 The 100,000 ounces added were at $322, so they are adding below $340, but the averages are still above $340 for all time periods. REF: barrick.com MATH: ((700000352)-(600000357))/100000 = 322