Top performing gold miner looking to add to hedge book as price soars

Melbourne

WITH gold prices soaring this year after three years of losses, the world's best performing bullion company is looking to add to its hedge book as a growing number of producers move to lock in profits.

St Barbara Ltd, the biggest gainer on the 44-member Bloomberg Intelligence Gold Mining Competitive Peers Index in the past year, Evolution Mining Ltd, Australia's second-biggest producer, and South Africa's Harmony Gold Mining Co are among companies which have put in hedges in February spurred by prices hitting highs in some local currencies.