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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (3435)	5/12/2003 12:28:16 AM
From: russet	Read Replies (1) \| Respond to of 3558

Interesting that several analysts are now complementing Barrick because it has fixed it's cost inputs, by hedging against the currencies in the countries it produces in. Same thing as hedging the price of gold. Building a growing gold mining company, and fixing the costs of production, currency risk, and revenue stream make sense for good management. Chit management will keep banging the drum for higher POG to make up for,...well chit mining management!