re: Ann: EVG commences construction on Las La... Thanks Plough....

re: Ann: EVG commences construction on Las La... Thanks Plough. Interesting that Barrick seem to have written the rule book on hedging because they have recently incurred US$5.4 billion net losses on windup of their own gold hedging program.

http://www.google.com/hostednews/canadianpress/article/ALeqM5gf4Wb5uZyWQOOvfU-Bnz5t0K4iFQ

Also the Wall Street Journal suggests the trend amongst (larger) producers is to reduce their hedge books to benefit from rising gold prices.

http://online.wsj.com/article/SB125718711525223397.html

I was hoping to see the terms of the EVG hedging more than anything but I can't see it anywhere. Was just wondering what prices they are forward selling at, maybe its too soon to tell or they just use a regular futures market for gold?

P.S. We gotta talk EESTOR at some stage.