(Reuters) - In a move seen as bullish for the price of gold, Newmont Mining Corp. said on Thursday it had scrapped its entire 1.85 million-ounce gold hedge position.
While the announcement sent the shares of the Denver-based gold company, the world's second-biggest producer after Canada's Barrick Gold Co. , up 2.3 percent in after-hours trading, it had little immediate impact on gold prices.
Read more at Reuters.com Hot Stocks News
While the announcement sent the shares of the Denver-based gold company, the world's second-biggest producer after Canada's Barrick Gold Co. , up 2.3 percent in after-hours trading, it had little immediate impact on gold prices.
Read more at Reuters.com Hot Stocks News
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