smh article

http://www.smh.com.au/business/under-the-radar/panic-merchants-generate-golden-opportunity-20130222-2evjv.html

for full article use above link

Panic merchants generate golden opportunity
Date: February 22, 2013 - 11:55AM

A big advantage some companies have is that they have sold their gold forward at higher prices. One example is Saracen Mineral (SAR), which has tenements and gold deposits north-east of Kalgoorlie. This miner sold roughly 30 per cent of production forward for a few years at just under US$1700 an ounce.
Says Grigor: "Saracen was criticised a month ago when it did the deal because it sold gold forward but now looking it's looking smart.
"You should be getting rid of high-cost gold producers and feel comfortable holding those with lower costs and good growth profiles like Saracen."