But this hidden in the Q2 bothered me a bit.. "The Company generally does not hedge the prices of gold and silver, but may acquire short-term derivative instruments from time to time to limit exposure to price fluctuations."
You are kidding right? Do you know what you are looking at? At the YD mine the average gold per ton is lower then 2.75 grams/ton. It takes 31.1034768 grams to make 1 Troy Ounce. It takes over 11.3 tons of ore body to produce one oz of gold. This is after bring it to the surface of the earth from 1500 meteres below the surface.