Price of Zinc QRT 2 2020 will be down !QRT 1 2020 Average price of Zinc 0.97
QRT 2 2020 looks like less than 0.91 so the loss will be alot higher
Three months ended March 31, 2020. The Company reported production of 99 million pounds of zinc at an All-In Sustaining Cost1 (“AISC”) of $1.10 per pound. A net loss of ($175.6) million was principally due to a non-cash impairment charge of $137.4 million being recorded relating to Caribou, Santander, and exploration properties. The adjusted net loss1 for the quarter was ($7.3) million, or ($0.01) per share, primarily due to the decline in the zinc price and timing of concentrate shipments