AngloGold (NYSE:AU) No Longer Has Hedge Book

With gold prices expected to continue climbing for years into the future, a growing number of gold miners have been eliminating their hedge books. AngloGold Ashanti (NYSE:AU) has now completed the process. Over the last three years, Anglogold said they’ve created close to $40 billion in value for their shareholders, at a cost of closing the hedge book contracts of $2.63 billion. The buy-back

Read the original:
AngloGold (NYSE:AU) No Longer Has Hedge Book

Tags: , , , , , , , , , , , , ,

About the Author ()

Leave a Reply

Your email address will not be published. Required fields are marked *