are people forgetting this hedge ?
"The credit has come from Citibank, BNP Paribas, HSBC, Barclays, Nedbank Capital and Investec Bank (Australia), and matures at the end of June 2015.
As a condition of the credit, OceanaGold has agreed to buy "out-of-the-money put options" on about 40 per cent of its gold production at US$1400 an ounce."
Not sure if it means they are hedged till june of 2015.
from : https://www.stuff.co.nz/business/industries/7530452/Mining-firm-agrees-to-hedge-gold-price