Loading ...but still gets punched in the mouth.
Average sales price of gold was $3539 – higher than I thought it would be. Only a $.07 more than last quarter, probably should have beat by more than that which might be why they are down. I know the high-end range of estimates was $1.81.
They kept their dividend at $1 per share, even though they are set to earn around $7 a share. Not exactly rewarding their shareholders or protecting the share price are they?
I think AEM might be next in line. They seem to have better management.
Edit: NEM isn’t being beaten too bad.
The metals didn’t have that great a day with rates back at 4%. Might be sketchy until the Fed cuts .25 next week again.