Modest Q3 expansion for global gold hedging book

February 4, 2016

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Gold mining companies increased their global producer hedge book by 0.50-million ounces during the third quarter of 2015 – a modest expansion according to Thomson Reuters GFMS and Societe Generale. The duo’s Global Gold Hedge Book Analysis Q3 2015 reports that the fresh hedging that brought about the switchback to net hedging was overwhelmingly concentrated in an expansion of the forward-sales portion of the hedge book, where mining companies collectively added 0.61-million ounces of cover – an increase of 19% quarter-on-quarter.

Category: General