Not a good annnouncement but the hedging is 60,000oz silver per month at $29.6.
I beleive with current grades they have already achieved 120,000oz per month, with performance improvements of upto 20% anticipated.
These numbers would still represent a premium to the current share price but we will need to wait for release of details from the company to confirm production over the next 2-3 months.
Ann: Operations Update , page-21
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