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


To: lorne who wrote (21055)10/7/1998 8:44:00 PM
From: lorne  Read Replies (1) | Respond to of 116892
 
New York--Oct 7--Canada's Cambior Inc. said today it has in place a
hedging program as of the end of the third quarter with a net position of
1.2 million ounces of gold at an average price of $351 per ounce for the
next 4 years. This, it said, will ensure a minimum average realized price
of $350 per ounce for its expected gold production in the fourth quarter of
1998. Bridge News, Story .14613