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AuRico Gold Inc. Ordinary Share Message Board

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  • bluelivermore bluelivermore Jan 20, 2012 1:45 PM Flag

    Currency factor

    AUQ is primarily a silver producer. Those gold ounces you see are silver converted at a 54:1 ratio to gold ounces. You are right 20% of revenues come from actual gold ounces, no silver to gold conversion factor involved.
    When the peso goes down, it gets stronger in comparison to the dollar. For instance peso 10 is strong, peso 15 is weak. The same as the yen or the swiss franc.
    You really need to fact check and understand currencies before you post, to avoid looking ridiculous and wasting the boards time.
    And now more silver will be shut in, in Peru. Do understand that story and why it is important to AUQ and bad for PAAS.
    PAAS could buy AUQ and selloff the gold assets. Do you understand why they would need to do that based on the Peru story?

 
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