Gold has hit a high so far of 314,50 presently down again at around 312, however the US market has not opened and the POMs always seem to sell gold lower.
I have been reading a lot about hedging and how it is hurting gold producers. One Australian company that is totally unhedged and debt free is BSG. Currently producing 100.000 ounces per annum at a cash cost of $150.- and a second mine is to commence operation next year. Go to their website www.bolnisigold.com.au and check it out for yourself.
BSG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
