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Gold hedging now just for project finance – GFMS
By Mineweb · June 15, 2012 · 2:00 am · Leave a Comment
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By Dorothy Kosich
The global producer hedge book declined again during the first quarter by 0.08 million ounces or three tonnes, leaving the outstanding producer hedge book at 5.07 million ounces or 158 tonnes.
Société Générale and Thomson Reuters GFMS observed that, despite the reduction in size of the producer hedge book, the aggregate marked-to-market liability of the producer expanded in the first quarter by US$0.28 billion to negative US$1.52 billion.
