Gold hedges lose their shine — again
SA’s gold majors have all taken hits on their hedges this year, thanks to record prices. So why are they at it again?
24 September 2020 - 05:00
As the rand gold price sustains record highs of above R1-million a kilogram, it’s hard to get one’s head around the idea that it’s not all good news for gold miners.
The reason behind it is hedging...