Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: long-gone who wrote (80853)	1/18/2002 1:06:46 PM
From: goldsheet	Respond to of 116753

> Wouldn't it also be very good for the informed investor to know which if any of the hedged mining firms mark to market daily? Absolutely, more disclosure is better. It would always be good to know the values of the hedge positions relative to production, reserves, and market cap. One "myth" I recently read was all Australian producers had hedges that were underwater. I just saw a quarterly report where the market-to-market was a positive $A 6M. Need to remember which comapny it was.

To: long-gone who wrote (80853)	1/20/2002 2:23:59 AM
From: goldsheet	Read Replies (1) \| Respond to of 116753

RE: hedged mining firms mark to market daily? It's not daily, but very recent, so I thought you might be interested in this data. I knew the Normandy book was negative, but was surprised it was close to almost half a billion $A The hedge book mark-to-market value at 16 January 2002 was: ($M)(i) Normandy (ii) (467) Normandy NFM (iii) (3) Otter Gold Mines (iii) (25) (i) Spot price at 16 January 2002, $549/oz. (ii) Wholly-owned, including TVX Normandy Americas. (iii) 100 percent of subsidiaries.