Lakeshore struggling....Here is a quote from a Financial Post article from yesterday
....
"Other small gold producers in Canada are also struggling with high costs, including Kirkland Lake Gold Inc., St. Andrew Goldfields Ltd. and Lake Shore Gold Corp.
Most of these small underground mines are marginal at current gold prices and obviously built for a higher gold price environment,” said Jon Case, a resource portfolio manager at Sentry Investments.
Many of the smaller Canadian producers have debt service concerns. Mr. Lostritto said that some levered up to complete expensive growth projects, and some just mismanaged their business in an effort to meet market demand. “And now they’re having to pay the piper,” he said.
Mine closures are already beginning....."
You can read the whole article here...https://business.financialpost.com/2013/06/26/gold-prices-miners/
Makes you wonder why so many qualified people have left the company. Most recently the Mill Manager. What do they know that the company is telling us?