Ps average sale price for the quater was $2104.
they still have higher margins per ounce than most in the sector.
sure the hedging is at a bad price but not time frame to convert, and the hedge price will keep going up every quarter.
At the end of the day these guys have no debt, truck loads of cash and pay a lot bigger dividends then most of the sector, so far from a disaster, but yes could have been better
Ann: Quarterly Activities Report, page-11
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