Post by
auburn2 on Nov 23, 2016 5:32pm
Weak Mexican Peso
The Peso is weakening more and faster than the price of gold, which is something to keep in mind. Notice that in the latest MD&A they report costs going down down from the weaker Peso. This should benefit all Mexican producers.
https://www.google.com/finance?chdnp=0&chdd=1&chds=1&chdv=1&chvs=Linear&chdeh=0&chfdeh=0&chdet=1479940292424&chddm=91146&q=CURRENCY:MXNUSD&ntsp=0&ei=vRg2WJmGJYKrjAH1r4DoCg
Down about 12% over the past 3 months.
Comment by
auburn2 on Nov 23, 2016 5:35pm
Personally I think Torex -- also in Mexico -- looks like a better buy at these levels. What do you think? What's your rationale for favouring Tahoe? In terms of benefiting from currency, see also Centamin in Egypt. The Egyptian pound has collapsed 50% over the last few months. These mines have large workforces so that must result in signficant cost savings.
Comment by
ccrfmac on Dec 08, 2016 5:33pm
I don't get it. What about the mexican peso? Tahoe doesn't have any mines in Mexico, but In Peru, Guatemala and Canada. Neither of these countries deal with the peso.