| From Mineweb.com: Société Générale’s latest hedge book points out that the current financial environment will make it difficult for some miners further to reduce hedge cover by any means other than by delivery of mine production; also the complexion of the dehedging activity changed slightly in the third quarter.
The latest edition of the Société Générale hedge book (compiled for the bank by GFMS Ltd) reports a slowing in the contraction of the global gold mine hedge book, with the third quarter seeing a reduction of 63 tonnes or 11%, taking the total delta-adjusted book to 16.92 million ounces or 526 tonnes..... Full Article: Source
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