Interview with The Barrick head Monk...

Here are two paragraphs that caught my eye...

"Hedging was a pioneering approach that you adopted. Why have you gone cold on that? Hedging is a phenomenal tool, particularly in the gold business. The reason we stopped [hedging] was because the environment and mood changed. So we adjusted and are now reaping the benefits."

"What's the next big acquisition for Barrick? I don't think right now we are contemplating an acquisition. Prices have gone quite highwhich makes acquisitions quite expensive. We have now a pipeline within our company probably for the next decade that allows us to develop these projects, which will give us significant organic growth.

 The rest of the BS can be found at...

http://www.ft.com/cms/s/0/bd0fc496-9ee7-11dc-b4e4-0000779fd2ac.html?nclick_check=1