I found this.....

"Barrick reports loss as exits hedges
Tue May 1, 2007 5:37 PM EDT

TORONTO (Reuters) - Barrick Gold Corp. (ABX.TO) reported a first-quarter loss on Tuesday as it took a $557 million charge to exit hedge positions and take advantage of rising spot gold prices.

The world's biggest gold producer reported a loss of $159 million, or 18 cents a share, compared with a year-before profit of $224 million, or 29 cents a share.

Stripping out the charge to eliminate the forward sales contracts, adjusted earnings were $398 million, or 45 cents a share, up from $263 million, or 33 cents a share.

Operating cash flow was $727 million, or 83 cents a share, excluding the charge. Sales were $1.09 billion, down slightly from $1.19 billion in the year-before period.

Barrick said it produced 2.0 million ounces of gold in the quarter at a total cash cost of $313 an ounce.

The company also said it was on track to meet its 2007 production forecast of 8.1 million to 8.4 million ounces of gold at a total cash cost of $335 to $350 per ounce.

More…"

So...did they say they exited ALL hedge positions?

or did they make it sound like they did?

from what I understand, they still had 9.5 million ounces hedged on the books at around $297

safeharbour