In my opinion, one of the major historical mistakes that most mining companies make, is NOT to hedge or to worse, to hedge poorly.
Contrast this with the Energy sector where virtually all producers have an active and ongoing hedging program.

I analyze mining companies, especially gold and silver producers as manufacturers who are able sell ALL their production.
While they cannot control the price of the commodity, they CAN both lock in profits as well as receive downside protection.
I am of course aware of the counter arguments and challenge this prevailing wisdom.

I am here posting the March 13 2026 Video that I asked Jeffrey Christian, Managing Partner of the CPM Group to deliver at our March 19 AFUND New York Luncheon Investing Symposium.

Stay tuned for a more extensive program discussion with Jeffrey Christian as well as insights of future guests who will share their insights and mining expertise.