Off Topic:
I was catching up on some background research on companies.
I now am beginning to worry that in order to continue under the current market conditions some companies are doing exactly whar hurt them in the last major turn-down for miners; namely selling future shipments at todays low prices.
It almost Bankrupted Barrick last time and certainly depressed earnings for a decade.
Couer recently announced it has hedged about 30% of its future production. (I do not have details for how long a time period yet.)
Between selling off future production at disadvantageous prices in order to capital construction cost, giving away warrants which allows naked shorting by brokerages and now hedging, I have to wonder if most mining companies really ever think about their investors!

….to FUND capital construction…

All streaming company profits come out of the pockets of investors in mining companies, in my opinion.

I understand hedging when prices are high. I do not understand hedging when prices are low, and in particular hedging at less than cost of production seems guaranteed stupidity.