More Related Content Similar to Goldmining (20) Goldmining27. How It Works Barrick Bullion Bank Central Bank Barrick enters into the spot deferred contract with the Bullion Bank. 29. How It Works Barrick Bullion Bank Central Bank Spot Market Sells the gold in the spot market 30. How It Works Barrick Central Bank Interest earned 4% Bullion Bank 1% lease rate 31. How It Works Barrick Central Bank Bullion Bank At the delivery date Barrick delivers the gold 32. How It Works Barrick Central Bank Bullion Bank Bullion Bank pays Barrick and returns the gold to the Central Bank 44. Fair Values of Instruments (87,200) 600 US$/Gold Swap Contracts n/a 377 Price-Capped Contracts (14,295) 240 Gold Sold Convertible Put Options (125,486) 1,459 Gold Convertible Put Options (22,603) 1,544 Gold Put Option Contracts (209,717) 3,332 Gold Forward Sales Contracts Fair Value (000) Ounces (000) Gold Commodity Contracts 45. Fair Values of Instruments 1,075 Fixed Rate Debt 13,800 Interest Rate Swap contracts (21,924) Currency Swap Contracts (8,500) Cross Currency Swap Contracts Fair Value (000) Other Sales Contracts, Commodity and Derivative Instruments Editor's Notes Good evening, everyone. Welcome to Gold Mining Industry. Today, Cindy, Julia, Patrick, Johanne and myself, Weiwei, are here to present you the risk management strategies in this wonderful industry.