“Tumbling gold prices are raising the prospect of a return to hedging – a strategy that’s been shunned by investors and producers who spent at least $10 billion at the end of the last decade unwinding forward sales.  A revival of hedging may be a last resort for producers from Toronto to Melbourne who have announced plans to trim spending, sell mines, cut staff and reduce high-cost production in response to a decline in the price of gold that could shave about $10 billion from earnings, according to data compiled by New Jersey-based Kenneth Hoffman at Bloomberg Industries.”

http://www.bloomberg.com/news/2013-07-16/gold-slump-revives-hedges-scrapped-during-bull-run-commodities.html

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