TSX:LSG.DB - Post by User
Comment by
bigdaddycashon Dec 17, 2014 8:22am
335 Views
Post# 23239074
RE:RE:News: Lake Shore Gold to Repay $20 Million Standby Line of..
RE:RE:News: Lake Shore Gold to Repay $20 Million Standby Line of..I believe the rate on the standby line was 9.75%. Paying this off saves $1,950,000 in interest annually. Based on current production this is around $10/oz less in cost. Reduced financial risk AND reduced cost per oz.... great move, let's keep it up! gltals...