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

To: Enigma who wrote (75630)8/28/2001 9:18:20 PM
From: lorne  Read Replies (1) | Respond to of 116764
 
TVX Restructures Gold Hedge Positions


Aug 27, 2001 (BNamericas.com via COMTEX) -- Toronto-based TVX Gold (NYSE:TVX)
said it has completed a restructuring of its gold hedge positions, and at the
same time cut its debt by US$17.6mn.

"The new conservative hedge program continues to provide downside protection;
however, more importantly, it provides the company with all of the benefit of
any future increase in the price of gold,'' said TVX president and CEO Sean
Harvey.

TVX has a 50:50 joint venture with Australia's Normandy Mining (ASX: NDY)
covering their assets in the Americas, which include shares in La Coipa
gold-silver mine in Chile and Brazil's Brasilia and Crixas gold mines.

jumpfn.123jump.com



To: Enigma who wrote (75630)8/28/2001 9:50:31 PM
From: Box-By-The-Riviera™  Respond to of 116764
 
don't know where he is.. don't pay much attention to him the little he's appeared..

as to hedging.. the main event won't include them much in the end... post events may... pre events have...



To: Enigma who wrote (75630)8/28/2001 11:49:39 PM
From: long-gone  Read Replies (1) | Respond to of 116764
 
No, still don't bash ABX, just would rather not own large amounts of more deeply hedged miners. Would rather have greater exposure to improving gold price.


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