{"id":13203,"date":"2009-12-02T08:26:54","date_gmt":"2009-12-02T12:26:54","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=13203"},"modified":"2009-12-02T08:26:54","modified_gmt":"2009-12-02T12:26:54","slug":"barrick-closes-hedge-book-early-stock-soars","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/12\/2009\/barrick-closes-hedge-book-early-stock-soars.html","title":{"rendered":"Barrick closes hedge book early, stock soars"},"content":{"rendered":"<p>Reuters &#8211; Barrick Gold Corp  said on Tuesday it had completely eliminated its fixed-price hedge book, allowing the company to take full advantage of rising gold prices and sparking a 7.6 percent rise in its shares.<\/p>\n<p>Perhaps appropriately, the announcement came on a day the price of gold hit $1,200 for the first time, as the hedges &#8212; which totaled 3 million ounces before Barrick began buying them back in September &#8212; had become a symbol of the company&#8217;s inability to benefit from a favorable gold environment.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/www.reuters.com\/article\/wtUSInvestingNews\/idAFN0148789420091201\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Barrick Gold Corp said on Tuesday it had completely eliminated its fixed-price hedge book, allowing the company to take full advantage of rising gold prices and sparking a 7.6 percent rise in its shares. Perhaps appropriately, the announcement [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13203","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=13203"}],"version-history":[{"count":1,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13203\/revisions"}],"predecessor-version":[{"id":13204,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13203\/revisions\/13204"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=13203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=13203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=13203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}