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

Production will be met

[gil]

This is a good move. They will meet this year's guidance. 2nd QTR will be closer to 25000 than 20000 ounces. Non-essential spending will be postponed. If they only looked at Timmins West guidance of 130000 ounces, it can be met with 2500 tpd for half the year. This does not mean total production. They still have some Bell Creek production. When required, the mill will ramp up. I don't care why this decision was made ( forced or voluntary ) but as long as they meet production numbers, I'm happy. This should help with costs per ounce, as well, for this year. Free cash flow seems to be the "new" focus. I think this should be looked at, in a positive light.

 

P.S. It sounds like they must be in some good grade ore.