Ho hum. USD gold price is up, in fact its above the Mac Bank hedge price agreed to. What a shame PGI will have to hedge more gold at aprice almost $100 above the price it closed out the hedge or. Or... a difference of about $8 million USD. Whilst PGI still has debt, the silver price is going up as well. Plus PGI will not be hedging all of its production so it is still going to benefit from a possible bigger rise in the gold price.
Paul100 - if the gold sector comes back into favour, then PGI may well be able to cement some deals that say 6-8 months ago it could not. Timing is everything and just maybe, things are going PGIs way and not just with the hedge closure.
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Ho hum. USD gold price is up, in fact its above the Mac Bank...
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