Having looked a bit into this, I am really reluctant for the...

Having looked a bit into this, I am really reluctant for the company to lock in and forward sell its gold, even at USD$2,300 per oz. The financial institutions facilitating this wouldn't be accepting the trades if they didn't think they would make money on the transactions and what tends to happen is that the cream on top is scooped off by the financial institutions arranging the hedging and minimal benefit is received by the company. This is especially true when companies are required to forward sell as part of loan agreements (guaranteeing that the borrowing company has sufficient liquidity to repay the lending institutions). Plus as Gymjunky will attest, the trend is your friend, and if prices rise to USD$2,300, don't try to guess where the trend will end or pick the top. It's the opposite scenario of catching the falling knife, summed up with "try to pick bottom, get dirty finger".