RE: RE: Gold Hedge In the quarterly earnings release, in the Outlook section it says
"The Company completed operational reviews and made the decision to initiate the ramp down of the Stawell Gold Mine, which will see underground mining activities being completed by the end of 2013."
They just bought the mine and now they are closing it? And does this give another large write-down to earnings?
I like the large amount of gold production, but there are also a lot of debt, interest costs, and liabilities that cancels out the positives.