H1 2007 Gold Dehedging Exceeds 300 mt, but Rate to Slow

Source: Platts.com (9/13/07)

The first half of 2007 saw a 305 mt reduction in the delta-adjusted gold hedge book, to 1,064 mt, driven by book reductions at four gold producer majors, according to GFMS, in its Gold Survey 2007, published yesterday.

In nominal, not delta-adjusted, terms, the gold hedgebook fell to 1,161 mt...

Dehedging looks even more dramatic in a breakdown of the delta-adjusted hedge book into forward sales and options. The percentage of forward sales in the delta-adjusted hedge book -- 731 mt or 69% as of end-June -- has declined against the options component, but not because of expansion of options, which have remained broadly flat over the last 18 months, said GFMS.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."