Oct. 24 at 3:01 PM
$CDE I have just revised my averages for gold and silver prices in Q3. Based on daily and weekly closing prices, I believe we can expect prices of
$3,500 and
$40. Based on estimated volumes (excluding Franco Nevada sales), this would justify an increase in pre-tax earnings of
$0.07 compared to Q2 (
$0.20 per share). An improvement could also come from increased volumes and possibly a decrease in CAS in Rochester, which is where there is potential if the trend is positive. I therefore believe that we can expect net earnings of
$0.28 to
$0.30 per share.
Since the beginning of October, the averages have been
$4.X,093 for gold and
$49.02 for silver. On this basis, we could still expect an additional increase of approximately
$0.12 per share, all other things being equal.
