IGR 0.00% 50.0¢ integra mining limited

ann, page-13

  1. 24,765 Posts.
    Dnbuck, IGR's hedge book is irrelevant now that its risk to IGR has been removed due to IGR gold production being low cost and above budget.

    Only 62,000 ounces left according to the September quarterly.

    PS: It's amazing how many people think fixed price hedging protects a gold miner. On the contrary, it's a project risk for a gold miner forward selling something they do not have in hand to deliver, but protects the bankster lender of project finance.
 
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