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Barrick hedges Australian currency exposure

BARRICK Gold, the world’s largest gold producer, has fully hedged its Australian operating expenditures for 2012 and remains 70% hedged for 2013 to combat its biggest single currency exposure – the Australian dollar versus US dollar exchange rate.

MiningNews.Net
Barrick hedges Australian currency exposure

It has locked in operating expenditures of A81c per $US in 2012 and 74c for 2013, and also has additional coverage for 2014-2016 at levels substantially below current rates. While gold production is...

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