Not sure if this has been posted previously - FYI if not Is this the article that is very bullish on LSG. ?
Update: Lake Shore Gold On Track To Meet Or Exceed Top End Of 2014 Production Guidance Oct. 3, 2014 1:58 PM
About: Lake Shore Gold Corp (LSG) by: Hard Asset Investments
SummaryLake Shore Gold has announced nine-month 2014 gold production of 142,500 ounces, a 72% increase year-over-year.The company said its on-track to either meet or exceed the top end of its 2014 production guidance.In addition, cash and bullion increased to $67 million as of September 30, 2014, up from $15 million three quarters ago.The news is very positive and confirms my stance that Lake Shore Gold is a strong buy as the company is growing low-cost production of gold in Canada.Lake Shore Gold (NYSEMKT:LSG) announced on Friday that it has produced 142,500 ounces of gold for the first nine months of 2014, with the company on track to meet or exceed the top end of its 2014 production guidance of 180,000 ounces. This is a substantial 72% increase from the 82,900 ounces produced at the same point last year. In addition, Lake Shore says that cash and bullion has increased to about $67 million as of September 30, 2014 - while the company has also repaid $20 million of debt in the past 9 months.In my first article on Lake Shore Gold, I argued that shares of the company presented a solid buying opportunity as Lake Shore is successfully growing its gold production while also lowering cash costs at its mine, allowing the company to build up its cash hoard while also repaying its debts. Investors should also note that Lake Shore's all-in sustaining costs are dropping rapidly; costs were estimated at $950 - $1,050 an ounce for full-year 2014, but have crushed these estimates so far, reporting all-in costs of just $784 in the last quarter. Keep in mind that all-in costs above $1800 an ounce just two years ago while the company produced just 85,800 ounces of gold. This increase in production and drop in cash costs has had a positive effect on its balance sheet: just a few quarters ago, the company had just $15 million in cash, but that has increased more than 300% since that time. This all happened despite a 20% decrease in the price of gold, which currently sits below $1,200 an ounce.This news is positive and re-affirms my stance that Lake Shore Gold is a strong buy despite the drop in the price of gold. The company continues to grow its gold production and focus on profitability, and it has shown. I see Lake Shore as a strong takeover target as the company has an attractive, cash-flow producing asset in one of the best places to mine in the world. I see a share price under $1 as an attractive entry point for new investors, and I look forward to adding shares on any potential dips in the coming months.
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