TSX:LSG.DB - Post by User
Post by
Trashenstein09on Feb 25, 2016 10:08am
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Post# 24593693
Annual Report
Annual Report
https://s1.q4cdn.com/849342973/files/doc_presentations/LSG2015Q4_conferencecall.pdf
I need an explanation of slide 16 since the footnote does not help
400,000 oz gold, 20M oz silver per year (equivalent to 600K- 700K oz gold per year).
Silver is not gold. Lake shore ridded itself from Holmer silver in Cuba and West Timmins Mining silver in Mexico. Why? it wanted to concentrate on gold mine growth in stable Timmins Ontario, Canada.
https://www.marketwired.com/press-release/west-timmins-mining-inc-canadian-gold-company-launched-on-toronto-stock-exchange-tsx-wtm-612476.htm
20 million ounces of Silver mined in a country where politics could impact the success of a mining company. I don't see how this is beneficial to any LSG shareholder mindful of their investment (whether long time or new) in a geo-political stable country like Canada.
As for the dividend...big deal
Colleagues, the operation in Guatamala is a red flag for me which could potential offset the future potential growth of Lake Shore in Timmins
if the proforma ownership is 74% THO and 26% LSG then make the buyout 26% of Tahoe's SP.
Starting to remind me of those Hyundai commercials...How do they do it?