BAA sold an ounce of gold at an average price of $1,109 (in Q1 2016) while price of gold from Jan 1 - Mar 31 had a low of 1060 and a high of $1260. Looking at the gold price chart POG was over 1150 (and stayed above) from around Feb 1, yet BAA only sold at an average for 1109? When looking at the financials it states the reason for $1,109 is because of the low price environment, during this period, but also because of the streaming deals.
GSS posted an average sell price of $1,159 during Q1 and $1,225 during Q2, so BAA being at $1,255 I believe is way too high. I don't know how much is taken out for streaming deals during the quarter but apparently it is much.
If BAA averages $1,200 or more I will be surprised.
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