another big jump up in gold price - back to near record levels .. and of course, Red is down! But im happy to buy more, cant swim against the tide forever, at some point the price will turn around .. with just under half a million oz sold annually, the opportunity cost of 300k hedged over 2.5yrs is pretty insignificant - its just good risk management (& that is what hedging is for!)
Ann: Quarterly Activities Report, page-33
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