Lake Shore Gold Corporation (LSG)

[NYBob]

Lake Shore Gold Exceeds Expectations
Wednesday, May 7, 2014 18:51

May 7, 2014 Lake Shore Gold Corp. -

Lake Shore Gold held its Annual Meeting today and it was a
positive presentation.
If you wish to read the transcript of the presentation by
CEO Tony Makuch, you can find it here.
If you wish to see the slide presentation, you can find it here.
The post Lake Shore Gold Exceeds Expectations appeared first
on CymorFund.

http://cymorfund.com/2014/05/cymorfund-compares-lake-shore-gold-expectations/

But the best is yet to come.

May 2014
BELL CREEK MILL


Highlights

Cash operating costs

As we told readers when we made the suggestion, the company was
on track to reduce their cash operating costs dramatically.
The csah operating cost when we picked this stock was over
$1,000 per ounce, which was much too high.
Every quarter since then, the cash operating cost has dropped, and
the last quarter of 2013, it was $609 per ounce.
This is turning into an extremely profitable operation.
Management feel that that more reduction in cost are coming.

Gold Production

In the 1st qtr of 2103, the company was newly into production and
produced 23,200 ounces of gold. By 4th qtr 2013, the company
produced 51,700 ounces of gold.
Guidance for 2014 is between 160,000 & 180,000 ounces of gold.
In the 1st qtr of 2014, the company produced 44,600 ozs Au.
On an annualized basis, this would be 178,000, but as production
seems to grow larger every successive quarter, we expect this
number to increase.

Cash Position

The company started the year with $50+ million cash, but this
was from a loan from Sprott of $70 million.
The net cash therefore was negative. By today’s date, the company
had $48 million cash, and had paid down Sprott to $45 million –
a dramatic positive reversal.
LSG is now a CASH GENERATING MACHINE.

The company generated cash flow in the 1st qtr of 2014 of
$24.9 million.

Gold Reserves

The company now has a mine life of 7 years, but this ignores the
many discoveries and prospectives in deposits being explored in
close proximity to the the existing operation.
It now appears that the mine life will be dramatically extended,
the number of M&I ounces of gold will dramatically rise, and the
the company is poised to continue its growth.

If the reader wishes details of these additional discoveries and
reserves, I encourage you to read the company’s presentation.

Outlook

The stock price has taken a bit of a rest after a dramatic increase.
With everything the company has achieved, and the prospects that
are now reality, the stock has a very large upside.

cymorfund-stock-pick-newsle

While this website and the author’s opinions, are intended to be as
accurate as possible, the information contained herein is based on
sources which we believe reliable but is not guaranteed as being
accurate or a complete statement or summary of the available data.
We assume no responsibility for errors, omissions, or contrary
interpretation of the subject matter herein.
Any perceived slights, omissions, or mis-statements of specific
persons, peoples, or organizations other published materials are
unintentional.

This information is not intended for use as a source of legal,
business, accounting or financial advice. All readers are advised
to seek services of competent professionals in the respective
fields.
No representation is made or implied that the reader will do as
well from using the suggested techniques, strategies, methods,
systems, or ideas; rather it is presented for news value only.
We do not assume any responsibility or liability whatsoever for
what you choose to do with this information. Use your own
judgment. There are no guarantees.

We may or may not have positions in securities we name.
In making an investment decision consider numerous factors such
as portfolio balancing, timing, cash and capital reserves, asset
allocation and other.
Do your own research. Matters discussed contain forward-looking
statements that are subject to risks and uncertainties and actual
results may differ materially from any future results, performance
or achievements expressed or implied.

Views expressed are opinions and not investment advice.
You should retain a licensed professional to guide you and not
rely on the opinions expressed herein.
This report is neither a solicitation nor a recommendation to buy
or sell securities.
We are not a registered investment advisor nor a broker-dealer.
Any perceived remark, comment or use of organizations, people
mentioned and any resemblance to characters living, dead or
otherwise, real or fictitious, is purely unintentional and used as
examples only.



Fighting in Ukraine gonna screw up the scheduled FOMC price smash -

Fighting Intensifies in Eastern Ukraine as Rebels Down Choppers http://www.usagold.com/cpmforum/





http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101461438

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101236249
God Bless