RE:RE:RE:RE:RE:RE:RE:crazytimesRE: the hedges. Only 25000 oz hedged per quarter as a requirement by the lenders for financing to build Magino so if gold price goes down we can still pay the debt! To put it in perspective, AR is guiding for 80 000 ozs in the fourth quarter! That leaves approx. 70% of production unhedged! Plenty of room to make cash if gold goes up and insurance to weather the storm if it goes down! Not a problem at all. The hedges were in the money and helpful litterally a couple weeks ago! Just my opinion.