Any hedging for silver has to be against known production,Bass already has ~35% of the fossey production hedged.How much more is wise to lock in? Another 15% or so is hardly worth the effort. I must agree is seems difficult to see any negatives at current prices.
There is also the cost to factor in.
The tailings 32moz of silver is still an unknown at this stage, but it sure would be nice to hedge some production around current prices or better when the time arrives.
silver hedging, page-4
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