Coeur d'Alene Mines Corp. (CDE)

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No , IMO the STUPID GREEDY Gold Hedge , aka as the "royalty" has reered its ugly head...... Why sell Gold at low levels last year when we ALL KNEW Gold prices would explode, if they took out an $80mil loan at 15% , we could have paid it back in 2-3 qtrs , look at this one quarter non cash loss on the hedge , UGLY IMO , When Gold hits $2000 this will double and triple , EPS will suffer big time imo

$32 million non-cash expense related to the Palmarejo gold production royalty, which was completed in January. U.S. GAAP requires that a portion of this royalty be treated as an embedded derivative subject to quarterly non-cash mark-to-market adjustments. The primary trigger for this adjustment was gold's impressive rise in price from the end of the second quarter to the end of the third.