RE:RE:RE:RE:RE:crazytimes
yeah 2 years is not a long time?
"Finally, it's important to note that if one is bullish on gold which I imagine is the case for most investors reading this as they are looking for leverage to the metal using producers, Argonaut does not provide the same leverage that many expected 18 months ago when they invested for Magino's eventual first gold pour. This is because the company has over 40% of 2024-2026 gold production sold forward at an average price of ~$1,830/oz, meaning it's not benefiting nearly as much from the higher gold prices as some of its peers. This isn't a deal-breaker, but with nearly half of 2025 and 2026 gold sales locked in at $1,821/oz, this could be a significant drag on profits if a new bull market in gold emerges, and this could actually lead to underperformance relative to peers given that Argonaut is now one of the most hedged names sector-wide.