OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

CDE. hedged their gold…silver too?? Is that why they’re not going up in price…besides the earnings loss?

Posted by Richard640 @ 13:53 on May 5, 2020  
  • Additional execution of opportunistic hedging – The Company continued to add to its zero-cost collar (“ZCC”) gold hedging program during the quarter, with a total of 153,000 and 99,000 ounces now hedged through the remainder of 2020 and in 2021, respectively. Coeur also capitalized on multi-year low exchange rates for the Mexican Peso and Canadian Dollar by securing rate protection on a portion of its foreign currency-denominated expenses over the next two years. The increased hedging activity is being implemented to provide downside protection in preparation for the POA 11 expansion at Rochester, which is expected to be funded with a combination of internally generated cash flow and its senior secured revolving credit facility (“RCF”)

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.