RE:RE:Why has it been selling off?Even if gold prices go lower from here it won't affect AGB over the next couple of years. To quote from a private email I received this morning:
They hedged a total of 215,000 ounces. That would be roughly 2 years of production. May 03, 2016 100,000 oz @ $ 1,619 Cdn
May 13, 2016 25,000 oz @ $ 1,627 Cdn
May 16, 2016 25,000 oz @ $ 1,640 Cdn
Jun 06, 2016 30,000 oz @ $ 1,591 Cdn
Jun 27, 2016 35,000 oz @ $ 1,710 Cdn
The current gold price is $ 1,265 US or $ 1,685 Cdn so the gold price should not affect us too much during the next 2 years. A better gold price during this time, however, would be good.