The BIG Four Hedgers

Today’s argument is about gold mining hedges. Let us examine chart performance of the BIG Four according to GFMS “The industry’s “big four”, Barrick, AngloGold Ashanti, Placer Dome and Newcrest (who account for two thirds of the global hedge book in nominal terms)”

Barrick Gold

Placer Dome

Newcrest

anglogold ashanti

They may underperform but they are all on the rise...at least over the interim.