Financing for the nineties

CIM Bulletin, Vol. 84, No. 953, 1991
Robert B. Wickham, American Barrick Resources Corporation
Abstract American Barrick has always balanced its aggressive operating approach with a conservative financial strategy. In fact, what enables their mining team to pursue such aggressive plans with confidence is the conservative financial strategy adhered to by the company. These policies are built on a prudent mix of gold linked financings, equity and gold price hedging.
This paper outlines these policies and focusses in particular on American Barrick's gold price hedging program.
Keywords: American Barrick Resources Corporation, Mineral economics, Price hedging, Gold price hedging.
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