News

July 26, 2000

Golden Rules For Mining Company Gold Hedging

This short paper, written by Michael Hampton a specialist derivatives trader and adviser, was written towards the end of 1999 when companies such as Ashanti and Cambior had been caught on the wrong foot on their hedging programmes and virtually decimated. It is now being resurrected in the light of the number of Australian junior producers announcing hefty losses on their mark- to- market positions in recent quarterly results.

The aim of the paper is to help companies use gold...