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Gold stock gains point to market meltdown
Submitted by cpowell on Wed, 2002-07-10 03:00
Section: Daily Dispatches
DRD closes out hedge book
a href=http://www.news24.com/News24/Finance/Companies/0,4186,2-8-http://www.new...
24_1210522,00.html
July 8, 2002
Johannesburg -- Durban Roodepoort Deep said on
Monday it had closed out its full revenue hedge book.
quot;The outstanding fixed loss on the close-out was
US$17 million, which will be repaid within the current
financial year,quot; DRD said in a statement. The company
said it would now receive the full spot price from its
gold sales.
