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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?


To: tyc:> who wrote (1040)12/19/2004 11:31:47 AM
From: goldsheet  Read Replies (1) | Respond to of 18308
 
> How much reserves if you deduct what abx has already sold (forward) ?

I know the point you are trying to make, but one does
not deduct forwards from reserves for financial reporting.
(amount of ore in the ground doesn't change, just the price you get)
Barrick has an insignificant amount of silver sold forward.
22.3moz over 10 years according to 2003 annual report.