Rod Shier, CFO : "Also after the end of the quarter, the company purchased copper puts with a 375 floor for approximately 50% of our production for the period May through December, 2021. This was done in order to protect our cash flows and maintain a very strong cash position. With the recent upward moves in the copper price, we viewed this as inexpensive insurance that protects our cash flows, and only adds about [$0.029] [Ph] per pound to our forecasted 2021 all-in costs. More importantly, 100% of our production remains open to the upside. In summary, this has been a record-breaking quarter for us, and we are very excited about the future."
C6C Price at posting:
$4.40 Sentiment: Hold Disclosure: Held
