TSX:LSG.DB - Post by User
Post by
LexMark747on Aug 07, 2014 8:46pm
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Post# 22820423
Insert on LSG .... possible take over .... i hope not
Insert on LSG .... possible take over .... i hope notTGR: What's your favorite non-streaming gold company? JH: Lake Shore Gold Corp. (LSG:TSX). I like companies that are high grade and low cost with a strong growth profile. Lake Shore has two mines in commercial production in Ontario: Timmins West and Bell Creek. Expansion of its mill to a capacity of 3,000 tons (3 Kt) per day was completed late last year. Gold production is expected to increase 27% in 2014, and Q2/14 production was a record 53,300 oz, up 70% year-to-year. Lake Shore is one of the best production growth stories, is located in a mining-friendly jurisdiction and has a strong management team. As such, I think it is a potential takeover target for a company like Goldcorp Inc. (G:TSX; GG:NYSE), so investors could see upside there.