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Noranda Income Fund Unit NNDIF

Metals & Mining Industrial Metals & Minerals
Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.


OTCPK:NNDIF - Post by User

Noranda Income Fund Unit > Earnings out
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Comment by ZincDinkon Feb 28, 2022 1:18pm
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Post# 34468270

RE:RE:RE:RE:RE:Earnings out

RE:RE:RE:RE:RE:Earnings outThe derrivative loss was forseeable since NIF hedges zinc. They have reported huge hedge gains in the past when zinc prices crashed and in theory, it should be close to a zero sum game. However, it does seem at times the gains are smaller than expected while the losses are larger than anticipated. Definite costs to hedge and its probably a service offered by GC.
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