GREY:PTQMF - Post by User
Post by
wwadehammeron Dec 17, 2012 10:55am
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Post# 20739728
Deutsche Bank (DB) is Killing Us
Deutsche Bank (DB) is Killing Us We sold our gold and silver for $1,573 and $19 an ounce respectively. The low selling price was caused by averaging in the price received from DB per the forward sales agreements. No wonder we want to get out from under the deals. We lost $2,200,000 in sales this quarter alone. That's $9,000,000 a year. All the gold stockpiled and inventoried keep growing. Guess they poured more than 17,000 ounces of gold. Very good considering the heavy rains and installing all the new equipment. Still no mention of heap-leach. Doesn't sound like much gold is going to be mined in Spain in the next six month as studies are still being conducted.