LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

Very good month looks like 16,800 onces

[idlefreebird]

Therefore tac that onto the 142,500 and you have 159,300 .Therefore we are just 20,700 onces shy to meet high end of guidance.Lakeshore is in Zurich and have presentation on website.GLTAL

https://www.lsgold.com/files/doc_presentations/LSG_presentation_20141105_preciousMetalsSummit.pdf

[bigdaddycash]

excellent!  seems that there are now reports of some producers considering shuttering due to low POG.  good to know LSG is generating free cssh at these levels.  regarding 2014 guidance, is it in LSG's interest to not overshhot guidance by too much so as to ensure that narket expectations for 2015 production are realistic?  gltals....

[idlefreebird]

No , balls to the wall and Tony has said next 3 years at 160,000 to 180,000.They will in my mind be over 200,000 next year as Bell Creek will add more onces as new mine plan will sure be over 1,000 tpd.Therefore they have been doubling gold output at Bell Creek the last 3 years but i figure a minimum 50% increase to 60,000 onces next year from Bell Creek.The main key cost and they are managing

[bigdaddycash]

some of that free cash should be put to use buying debentures (retiring) on the open market - I see that debs are trading at less than face  - $91.50.  effectively could retire some of the debt at approx 90% of face and reduce financial risk (if POG stays above cash cost).

[geoffs13]

Love this suggestion but can they retire some debt ???????

[goldhappy]

LSG must continue to meet obligations...ie: debt for sure. Problems begin when you over produce in a low return environment. It cost big bucks to find gold. It cost big bucks to mine gold. Right now it appears to me the rule of supply and demand is out of wack. Mines can sell all their gold from what I read. Might I say there is a shortage of gold?? All you get after all this risk is a very small

[idlefreebird]

Goldhappy , need not worry my friend as Lakeshores problem will not be gold supply as there properties have an abbundance of gold and as they sit here today with over 7 million onces that is a 50% showing of what I believe they will show in final numbers.The 144 , Wetmore and Fenn Gibb properties will easily provide another 7 million onces.Therefore gold isn't an issue.Lakeshore will make you