Apparently, even some of the big dogs can't get out of the way of the derivatives and foreign exchange monsters.

Yamana, one of the HUI 15, posted second--quarter results that included a 34.1 million unrealized LOSS on derivatives and a foreign exchange LOSS of 28.5 million. That's a 62.6 million hit over just 3 months. Derivatives? I wonder what kind of derivatives these guys get involved with? Anyway, stock getting whacked big-time so far.

Don't know what this sort of thing means for some of our juniors, but if the majors with all their smarts can get creamed by this stuff, I just hold my breath wondering whether our guys know enough about risk management to keep themselves, and us, safe and sound.