With gold prices soaring this year after three years of losses, the world’s best performing bullion company is looking to add to its hedge book as a growing number of producers move to lock in profits.
St Barbara Ltd., the biggest gainer on the 44-member Bloomberg Intelligence Gold Mining Competitive Peers Index in the past year, Evolution Mining Ltd., Australia’s second-biggest producer, and South Africa’s Harmony Gold Mining Co. are among companies who’ve put in hedges this month spurred by prices hitting highs in some local currencies...............................................Full Article: Source
|