American Barrick Resources Corp.: Managing Gold Price Risk (193-128)

Tufano, Peter (1993) American Barrick Resources Corp.: Managing Gold Price Risk (193-128). [Case]

Abstract

Managing the risk of changing prices of gold is central to the business strategy of American Barrick Resources Corp., one of North America's largest and most successful gold-mining firms. The case contrasts this firm's hedging policies with those of its rivals that do not hedge and details the wide range of hedging products (gold loans, forwards, options, spot deferred contracts) used to manage price risk. In 1992 the management of American Barrick is pleasantly surprised by unexpected new gold finds, but this new production places demands on the firm's hedging program and tests the firm's commitment to hedging when prices of gold and of many hedging vehicles are unattractive.

Item Type: Case
Keywords: finance, accounting, risk management
Subject(s): Finance
Date Deposited: 01 Apr 2016 12:52
Last Modified: 01 Apr 2016 12:52
Funders: n/a
URI: http://eureka.sbs.ox.ac.uk/id/eprint/6051

Actions (login required)

Edit View Edit View