Gold- World's largest gold miner soaring in price

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World's largest gold miner soaring in price

Wednesday, December 02, 2009
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From Mineweb:

Barrick Gold Corp said on Tuesday it had completely eliminated its fixed-price hedge book, allowing the company to take full advantage of rising gold prices and sparking a 7.6% rise in its shares.

Perhaps appropriately, the announcement came on a day the price of gold hit $1,200 for the first time, as the hedges -- which totaled 3 million ounces before Barrick began buying...

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Topics:		Gold \| Commodities \| Stocks

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