SI
SI
discoversearch

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: Enigma who wrote (84148)4/3/2002 5:16:25 PM
From: Greg Ford  Respond to of 117064
 
No no no. Barrick has sold calls against that other 50% of
production. All of their 2002 production is accounted for. The calls are at about $300 per ounce.

Also they have hedged or committed something around 30% of reserves ie 18 million forwards plus 6 million calls = 24 million / 80 million ounces of reserves. Plus the reserves include Pascua which needs $1.5 billion of infrastructure before they can produce a single ounce.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News