Products

THE MITSUI HEDGE BOOK

Produced on behalf of Mitsui Global Precious Metals by the VM Group and Haliburton Mineral Services, The Hedge Book provides all participants in the gold market with an up-to-date and fully comprehensive global analysis of gold hedging, the particular focus for the gold world in the past decade.

The undeniable presence and use of gold derivatives primarily on the part of the mining industry has been a feature of the market since the mid to late 1980s. Minimal to begin with, the volume of gold associated with price risk management grew rapidly throughout the 1990s to peak in Q3 01. Despite it contracting by over a third since then, the global hedge book remains a substantive feature of the gold market.

Amidst often acrimonious and emotional debate as to the merits of hedging and the effects on the gold price of the collective hedge book, the need for reliable and accurate data was obvious. This data sheds light not only on the financial activities of the producers but also on demands made on the gold lending market and its effect on lease rates.

The results and details of this quarterly research will be made available to all interested parties on a complimentary basis in the hope that our readers will not only enjoy the read but will benefit from our shared intelligence. E-mail us if you would like to be added to our direct mailing list.

Q4 2003 - Full Report | Press release