Loading ...Yes I remember that back in 08. Perhaps that is part of the reason they want to split up the mines. Another is investors wanting something closer to home as what happened in Mexico to those miners. Today the gold mines of Barrick apparently are not heavily hedged…
Barrick Gold Corporation is not heavily hedged today; it largely maintains an unhedged strategy, allowing it to capture maximum spot prices for its gold. While the company uses copper hedges to manage price volatility for its growing copper exposure, its core gold business remains unhedged, designed to provide high sensitivity to gold price movements.
Key Details as of February 2026:
- Gold Strategy: Barrick focuses on providing investors with unhedged exposure to the gold price, allowing them to benefit directly from high price environments.
- Copper Hedge: The company uses hedging for its copper business (e.g., Lumwana and Reko Diq projects) to manage risk while expanding production.
- Financial Position: Barrick’s strategy relies on holding a strong balance sheet rather than relying on hedging, aimed at maximizing cash flow during high-price cycles.
As of early 2026, the company is experiencing high profitability driven by the gold bull market, with expectations to maintain this strategy.
