Take physic, pomp

The Tahoe Resources (THO.to) (TAHO) earnings miss

4q14 and YE NR here.
The question: Why were 4q14 earnings soft at TAHO?
The answer:
  • When your main metal is silver
  • When you do 5.2m oz of the stuff
  • When you sell the stuff at substantially less the market average price for the period
  • And when your fail is the second time in a row

You miss earnings.
And no, Ferrari Kev, we don’t care about your deferred sales because you’ll sell those ounces eventually. We care about the crappy deals you’ve closed.

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