Post by
barneyj44 on Jan 30, 2024 11:58am
Gold making a run
Should bode well for Hudbay . Last quarter Hudbay had record production of 101,000 ounces of gold that included 20,000 ounces that we're not sold and not included in quarterly numbers. Hudbay is looking real juicy for a take out/merger offer .
Comment by
llihevad1 on Jan 31, 2024 7:10am
I was hoping they would use the 20,000 ounces to reduce the off take agreement they have with the banks. If you go back and look at the price of gold when these ounces were available the price was down in the 1,800 USD range, here is hoping they either paid off the debt or waited a month to unload them...
Comment by
sicnarf2 on Jan 31, 2024 12:35pm
Gold up 17 bucks today ! Not bad !
Comment by
barneyj44 on Jan 31, 2024 2:50pm
I woukd think with the rally in Gold Hudbay should get a wee bit of an upgrade. Either way happy to finally be in the green these last few months. Happy that I bit the bullet and averaged in here and there..