EZM- Annual filing is now posted on their website. I see nearly $40 million in realized and unrealized losses against their earnings that was not on the last quarterly earnings statement. That is related to options and hedges that they were required to take on by their lenders. After taxes, that reduced earnings by nearly 6c/share for Q4. EZM would have earned nearly 11c (Canadian) in Q4 vs. the 5c reported without those losses. Shows the earnings power here. Just wait till the zinc mine is going full gear by next year.
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