Currently viewing Global edition

$1 billion missing in gold hedges

Missing: US$1 billion. If found please return to a group of Australian gold miners who have taken out gold hedges that, according to Macquarie Bank, are US$1 billion out of the money.

$1 billion missing in gold hedges $1 billion missing in gold hedges $1 billion missing in gold hedges $1 billion missing in gold hedges $1 billion missing in gold hedges

Not always a popular topic, and one that can trigger strong views, hedging was one of the highlights (or should that be lowlights) in Macquarie's final report on last week's Diggers & Dealers