RE:Equinox Golds Aurizona sliding scale NSR.This is a post of mine from July 7.
Equinox Golds Aurizona sliding scale NSR.
Been doing a few calculation on what occurs with the sliding scale NSR when the POG hits $2000.
Yearly ounces produced : 130,000
Quarterly ounces produced: 32,500
NSR and gold price: 4% NSR at current $1800 ounce
NSR and gold price: 5% NSR at $2000 ounce
32,500 X 4% X $1800 = $2,340,000 per quarter
32,500 X 5% X $2000 = $3,250,000 per quarter
Yearly that comes to:
4% = $9,360,000
5% = $13,000,000
Here's to 2021 and an entire year with the POG over $2000 ounce
Hod Madan numbers are looking scary good if the POG maintains this run.