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

2015 Guidance

[Wiky]

TORONTO, ONTARIO--(Marketwired - Dec. 18, 2014) - Lake Shore Gold Corp. (TSX:LSG)(NYSE MKT:LSG) ("Lake Shore Gold" or the "Company") today announced the Company's guidance for 2015. Production is targeted at 170,000 to 180,000 ounces of gold in 2015, similar to the record level of production anticipated for 2014. Cash operating costs(1) in 2015 are expected to average between US$650 and US$700 per ounce sold, which compares to the Company's guidance in 2014 of US$675 to US$775. All-in sustaining cost(2) per ounce sold, which compares to the Company's guidance in 2014 of US$675 to US$775. All-in sustaining cost per ounce sold in the coming year is targeted at US$950 to US$1,000, similar to the 2014 target range of US$950 to US$1,050. Total production costs in 2015 are estimated at approximately $125.0 million. Mining grades in 2015 are expected to be slightly lower than in 2014, averaging approximately 4.4 grams per tonne for the year.Aggressive exploration is planned at the Company's 144 Gap Zone in the coming year to continue to evaluate the significant gold potential of the discovery area and to define initial resources. The Company will also continue its extensive drill programs at its Timmins Operations, including the Timmins West and Bell Creek mines, with a goal to at least replace the reserves mined during the year.

[bossu]

Not exactly what I was expecting from youTony and even a bit disappointing.Should have stayed ''silent''. You are announcing that the production is going to stay at the actual level and the grade to be 4.4 gr/ton while the mill have been miling 5,0 gr/ton for the first 9 months in 2014 which represent a 12% reduction in the average grade. So you are forecasting a 3500 t/d at 4.4 gr

[mountainpose]

I believe most investors would have noticed your comments and thanks. The ace is of course gold prices which would really spice things up. I also calculated that with no debt LSG would earn around $0.30-.35 a share. At a PE of 10x you've got yourself a $3.50 stock. Even with last years production the interest expense reduction will boost earnings by about 8-10%. And then there is the exchange

[bigdaddycash]

mtn, I have agreed with your comments but the interest expense calc needs checking.  LSG basically will only have the debs outstanding soon ($7MM on gold linked note to be retired by May/15).  I believe the coupon on the debs is 6.25% against $110MM.  This is only approx $6.5MM in interest expense annually.  How would that boost the EPS to $0.30 to 0,35? What spot price is your

[rollon]

Absolutely correct. The upward movement is contingent on excellent drilling results. I think that Tony is, in a round about way, signalling this.