Some great counter points presented by posters in this room.Fow what its worth i think its a dne deal but who knows really.One thing we know the traders are out in force with LSG.
2016-02-09 09:11 ET - In the News
Also In the News (C-LSG) Lake Shore Gold Corp
The Financial Post reports in its Tuesday edition that Tahoe Resources' friendly $945-million deal to buy Lake Shore Gold is being seen as a logical transaction that addresses challenges faced by both companies. The Post's Peter Koven writes that Tahoe gets to diversify into Canada, increase its growth profile and lower exposure to high-risk Guatemala. Lake Shore, meanwhile, can develop its projects quickly without worrying about diluting shareholders or taking on more debt. The Tahoe-Lake Shore transaction is the first big Canadian mining deal of the year, and there could be more in the near future as the gold price improves and executives put more emphasis on growth. Tahoe, which was spun out of Goldcorp in 2010, has been one of the most aggressive buyers in the industry. It bought Rio Alto last year to expand into Peru, and the all-stock deal with Lake Shore gives the company a suite of mines and projects in the Timmins mining camp in Northern Ontario. Tahoe's main project is the Escobal mine in Guatemala, which has performed well but has faced political obstacles and local opposition. It won't have to deal with those concerns in Timmins. Lake Shore is keen to expand production in Timminss, but lacks the cash.
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