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.

Barrick hedges Australian currency exposure Barrick hedges Australian currency exposure Barrick hedges Australian currency exposure Barrick hedges Australian currency exposure 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.