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Gold investors urge caution as miners consider return to hedging

Posted on 13 December 2013

Investors in major gold miners say a return to hedging future production after a slump in gold prices would be a sign of financial weakness in companies and could rob them of the chance to reap the rewards of any price rebound.
The incoming chairman of Barrick Gold, the world’s largest gold miner, last week rekindled the debate over the practice of selling production forward. John Thornton, a former senior executive at Goldman Sachs, said he would seriously consider hedging………………………………………..Full Article: Source


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