Matter Of Time For The Gold Fix To Follow Silver – Coeur Mining

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The 117-year old silver price fixing tradition is coming to an end on Friday and Kitco News speaks with one of the world’s largest silver producers to find out how this may affect the company. “We do expect there to be adequate participation and we expect things to go off without a hitch,” said Coeur Mining’s Treasurer Courtney Lynn. “I wouldn’t say that we’re nervous.” CME & Thomson Reuters teamed up to take over the new silver fixing process and Lynn says she thinks this was the ‘best answer’ for the industry. Looking over at gold, she says it is only a matter of time before gold follows suit and eliminates the fixing process as well. Tune in now to see how Coeur has prepared themselves for this change and how they see it affecting their day-to-day operations, beginning Aug 15. Kitco News, August 13, 2014.

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