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

.......Hey Mr. Nugget .... This Pretty Much Say's It All

[LexMark747]

gold miner survivor Lake Shore Gold Announces $10 Million Debt Prepayment Driven by Continued Strong Operating Results and Increasing Cash Position Marketwired Lake Shore Gold Corp. 9 minutes ago • • • • • • • Content preferences Done TORONTO, ONTARIO--(Marketwired - Jun 5, 2014) - Lake Shore Gold Corp. ("Lake Shore Gold" or the "Company") (LSG.TO)(NYSE MKT:LSG) announced today that, on June 4, 2014, the Company made a $10 million prepayment on its standby line of credit ("standby line") with Sprott Resource Lending Partnership ("Sprott"), reducing the outstanding principal on the standby line from $30 million to $20 million. Under terms of the credit facility agreement with Sprott, the Company is entitled to prepay up to $10 million of the standby line in 2014 without penalty. The prepayment brings total debt repayments to date in 2014 to approximately $16 million, with the other $6 million related to monthly payments on the Company's gold loan, also with Sprott. The remaining principal owing on the gold loan totals approximately $15 million, with the total debt owing to Sprott having been reduced to approximately $35 million. Supported by strong operating results, the Company's cash position has grown significantly, with cash and bullion increasing from a low of $15 million at the end of September 2013, to approximately $55 million at June 3, 2014. Based on the progress made with strengthening its balance sheet, the $10 million prepayment was made on June 4, 2014. Production in the first quarter of 2014 totaled 44,600 ounces, with the Company on track to exceed that level of production in the second quarter of the year. The Company's operating results for the second quarter of 2014 will be released in early July. Excluded from the $55 million of cash and bullion at June 3, 2014 was an additional $5 million raised through a non-brokered flow-through financing completed on May 22, 2014. The financing, which will fund drilling outside the Company's current operating mines, is part of a plan to advance the Company's projects and to begin to realize the significant potential of its highly prospective exploration properties. Tony Makuch, President and CEO of Lake Shore Gold, commented: "Our operating results continue to be strong, with both our mines and our mill performing very well. Solid production, coupled with low unit operating costs, have driven our cash and bullion higher and positioned us to make the $10 million prepayment on our standby line. Following this payment, we have total cash and bullion of approximately $50 million and expect to grow our cash position throughout the year through internally generated cash flow. With our strengthening balance sheet, we are well financed to fund all of our capital, operating and exploration programs through the end of 2014 while also continuing to pay down debt, with a target for total debt repayments in 2014 of $25 million. "Going forward, our overriding priority remains to build on our growing track record of meeting and exceeding our production and cost targets, which is the key to further growth in our cash position and additional debt reduction. We are also drilling to extend mine life at both our Timmins West and Bell Creek mines, with a goal of at least replacing the reserves we mine each year going forward. In addition, supported by our recent flow-through financing, we are planning to resume work in order to advance our projects, to more fully realize and demonstrate their value potential, and to bring exploration excitement back into our company. We have a number of highly prospective exploration properties, with the 144 property, located directly adjacent to Thunder Creek, expected to be a primary target for drilling over the remainder of this year and next." Reply | Quote | Add Post To Favorites Report abuse New Post « Older Post Newer Post » View All Posts Latest Sector News Cangold Increases Non-Brokered Financing Fitch Rates Goldcorp Inc.'s Prospective $1B Notes 'BBB'; Outlook Stable Bullfrog Gold Drills Nevada Project and Terminates Arizona Project Centamin plc: PDMR Dealing Notice Bold Ventures and Northern Superior Sign Formal Option Agreement for Lac Surprise Gold Project in... Banyan Gold Announces Results of AGM Tembo Reports Progress of Work on the Buly Trend Target on the Tembo Project in Tanzania Nevada Sunrise JV Partner Pilot Gold Reports 3.35 G/T Gold Over 41.1 Metres From Surface at the... 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Manulife Financial Corporation Securities Class Action Certified < barkerville gold (v.bgm) re-starts mining and milling at bonanza ledge and shares jump 20% barkerville gold (v.bgm) re-starts mining and milling at bonanza ledge and shares jump 20% update: trevali mining (t.tv) rallies on latest results from santander mine in peru update: trevali mining (t.tv) rallies on latest results from santander mine in peru canaccord (t.cf) sees q4 profit triple on u.k. and u.s. operations, stock up 4% canaccord (t.cf) sees q4 profit triple on u.k. and u.s. operations, stock up 4% transcanada (t.trp) to build $1.9 billion pipeline link for kitimat lng project transcanada (t.trp) to build $1.9 billion pipeline link for kitimat lng project should printing money be employed more often by central banks? should printing money be employed more often by central banks? xmet (v.xme) jumps 42% on discovering 'all-channel' em response at blackflake west xmet (v.xme) jumps 42% on discovering 'all-channel' em response at blackflake west pilot gold (t.plg) rallies on kingsley mountain drilling results pilot gold (t.plg) rallies on kingsley mountain drilling results rick rule says these commodities are trading at rick rule says these commodities are trading at "no-brainer" prices focus on rokmaster (v.rkr) as junior targets world class porphyry copper-gold belt focus on rokmaster (v.rkr) as junior targets world class porphyry copper-gold belt balmoral (t.bar) jumps on $4 million bought deal financing news balmoral (t.bar) jumps on $4 million bought deal financing news barkerville gold (v.bgm) re-starts mining and milling at bonanza ledge and shares jump 20% barkerville gold (v.bgm) re-starts mining and milling at bonanza ledge and shares jump 20% update: trevali mining (t.tv) rallies on latest results from santander mine in peru update: trevali mining (t.tv) rallies on latest results from santander mine in peru canaccord (t.cf) sees q4 profit triple on u.k. and u.s. operations, stock up 4% canaccord (t.cf) sees q4 profit triple on u.k. and u.s. operations, stock up 4% transcanada (t.trp) to build $1.9 billion pipeline link for kitimat lng project transcanada (t.trp) to build $1.9 billion pipeline link for kitimat lng project should printing money be employed more often by central banks? should printing money be employed more often by central banks? xmet (v.xme) jumps 42% on discovering 'all-channel' em response at blackflake west xmet (v.xme) jumps 42% on discovering 'all-channel' em response at blackflake west pilot gold (t.plg) rallies on kingsley mountain drilling results pilot gold (t.plg) rallies on kingsley mountain drilling results rick rule says these commodities are trading at rick rule says these commodities are trading at "no-brainer" prices focus on rokmaster (v.rkr) as junior targets world class porphyry copper-gold belt focus on rokmaster (v.rkr) as junior targets world class porphyry copper-gold belt read more at https://www.stockhouse.com/companies/bullboard/t.lsg/lake-shore-gold-corp#9g9vsv0gibzphmhl.99 barkerville="" gold="" (v.bgm)="" re-starts="" mining="" and="" milling="" at="" bonanza="" ledge="" and="" shares="" jump="" 20%="" barkerville="" gold="" (v.bgm)="" re-starts="" mining="" and="" milling="" at="" bonanza="" ledge="" and="" shares="" jump="" 20%="" update:="" trevali="" mining="" (t.tv)="" rallies="" on="" latest="" results="" from="" santander="" mine="" in="" peru="" update:="" trevali="" mining="" (t.tv)="" rallies="" on="" latest="" results="" from="" santander="" mine="" in="" peru="" canaccord="" (t.cf)="" sees="" q4="" profit="" triple="" on="" u.k.="" and="" u.s.="" operations,="" stock="" up="" 4%="" canaccord="" (t.cf)="" sees="" q4="" profit="" triple="" on="" u.k.="" and="" u.s.="" operations,="" stock="" up="" 4%="" transcanada="" (t.trp)="" to="" build="" $1.9="" billion="" pipeline="" link="" for="" kitimat="" lng="" project="" transcanada="" (t.trp)="" to="" build="" $1.9="" billion="" pipeline="" link="" for="" kitimat="" lng="" project="" should="" printing="" money="" be="" employed="" more="" often="" by="" central="" banks?="" should="" printing="" money="" be="" employed="" more="" often="" by="" central="" banks?="" xmet="" (v.xme)="" jumps="" 42%="" on="" discovering="" 'all-channel'="" em="" response="" at="" blackflake="" west="" xmet="" (v.xme)="" jumps="" 42%="" on="" discovering="" 'all-channel'="" em="" response="" at="" blackflake="" west="" pilot="" gold="" (t.plg)="" rallies="" on="" kingsley="" mountain="" drilling="" results="" pilot="" gold="" (t.plg)="" rallies="" on="" kingsley="" mountain="" drilling="" results="" rick="" rule="" says="" these="" commodities="" are="" trading="" at="" rick="" rule="" says="" these="" commodities="" are="" trading="" at="" "no-brainer"="" prices="" focus="" on="" rokmaster="" (v.rkr)="" as="" junior="" targets="" world="" class="" porphyry="" copper-gold="" belt="" focus="" on="" rokmaster="" (v.rkr)="" as="" junior="" targets="" world="" class="" porphyry="" copper-gold="" belt="" balmoral="" (t.bar)="" jumps="" on="" $4="" million="" bought="" deal="" financing="" news="" balmoral="" (t.bar)="" jumps="" on="" $4="" million="" bought="" deal="" financing="" news="" barkerville="" gold="" (v.bgm)="" re-starts="" mining="" and="" milling="" at="" bonanza="" ledge="" and="" shares="" jump="" 20%="" barkerville="" gold="" (v.bgm)="" re-starts="" mining="" and="" milling="" at="" bonanza="" ledge="" and="" shares="" jump="" 20%="" update:="" trevali="" mining="" (t.tv)="" rallies="" on="" latest="" results="" from="" santander="" mine="" in="" peru="" update:="" trevali="" mining="" (t.tv)="" rallies="" on="" latest="" results="" from="" santander="" mine="" in="" peru="" canaccord="" (t.cf)="" sees="" q4="" profit="" triple="" on="" u.k.="" and="" u.s.="" operations,="" stock="" up="" 4%="" canaccord="" (t.cf)="" sees="" q4="" profit="" triple="" on="" u.k.="" and="" u.s.="" operations,="" stock="" up="" 4%="" transcanada="" (t.trp)="" to="" build="" $1.9="" billion="" pipeline="" link="" for="" kitimat="" lng="" project="" transcanada="" (t.trp)="" to="" build="" $1.9="" billion="" pipeline="" link="" for="" kitimat="" lng="" project="" should="" printing="" money="" be="" employed="" more="" often="" by="" central="" banks?="" should="" printing="" money="" be="" employed="" more="" often="" by="" central="" banks?="" xmet="" (v.xme)="" jumps="" 42%="" on="" discovering="" 'all-channel'="" em="" response="" at="" blackflake="" west="" xmet="" (v.xme)="" jumps="" 42%="" on="" discovering="" 'all-channel'="" em="" response="" at="" blackflake="" west="" pilot="" gold="" (t.plg)="" rallies="" on="" kingsley="" mountain="" drilling="" results="" pilot="" gold="" (t.plg)="" rallies="" on="" kingsley="" mountain="" drilling="" results="" rick="" rule="" says="" these="" commodities="" are="" trading="" at="" rick="" rule="" says="" these="" commodities="" are="" trading="" at="" "no-brainer"="" prices="" focus="" on="" rokmaster="" (v.rkr)="" as="" junior="" targets="" world="" class="" porphyry="" copper-gold="" belt="" focus="" on="" rokmaster="" (v.rkr)="" as="" junior="" targets="" world="" class="" porphyry="" copper-gold="" belt="" read="" more="" at="">

[Mr.Nugget]

What is your point..... You don't understand that just becasue they say they are doing what they are doing is going to increase the SP. You are wrong, the fund managers (aka the big boys) have an agenda. They are selling their shares over 2 months to not have the SP drop off a cliff. The company has more problems then you think.  Wow a good day, up 0.04 and you all go bananas. You all

[behinde8]

SUKET NUGGET

[LexMark747]

Hey Mr. Nugget ..... does this mean you become a buyer @ 60 cents? .... I mean after all its a bogus company. For some one who has nothing good to say about LSG you certainly seem to have a personal interest.

[thedave2006]

lol, misses 0.01-0.02 profit, waited all day, sold and ran and then mms play it up again. lol. cheers, dave.

[gordo32]

hey Dave you lose again.

[jpgoldilocks]

If history is any indication, we won't hear from nugget for a few months, then he'll show up with another goofy prediction, claiming he's always right, and will be wrong again.

[bigdaddycash]

MrNuggat, closed up a meagre 0.06 cents - but realtively that would be be up 8% today.  That is 0.06 cents further away from the 0.60 you are hoping to buy back at to replace the shares you sold out of your clients' portfolio.  GLTAL.  

[BrahmaViddo]

Who in their sane mind wouldn't take profit NOW ? Why be a delusional LONG investor like most here and hope for some fairy tale share price of $4.. LOL... being LONG on this stock is a recipe for disaster... you will never reach your goal... the SP will inevitably retreat back or slide back down in which we would buy shares and sell them shortly thereafter... PROFIT NOW > NO PROFIT LATER

[LexMark747]

You sound like quite the scholar.....I'm thinking you and Mr. Nugget took the same course.....I'm also thinking you both use the same computer......you are two of the same person.......ROFL.....ROFL......ROFLAO...

[bigdaddycash]

BV, naw, don't feel like making the trade you are proposing. Think I'll wait until LSG gets taken out - even if that is 20 years away. Got plenty of time and no need for the dough right now. The ups and downs are kind invigorating - so much for the assumption that investors are rational, huh?