LSG Lakeshore Knocks it out of the park with AISC at sector leading $800.
I posted a few times a while back, that Brigus and Lakeshore were a couple in the penalty box companies, that were shoring up operations, and were going to start putting out value as they got it together. Well Brigus came through a while back, and Lakeshore is looking like a solid growth company now.
GORO tops my list, for the company suffering most from previous bad catlyst that has turned things around operationally, but has not responded in share price. I see incredible value in GORO based on recent and upcoming progress.
LAKESHORE GOLD Todays news
Preliminary cash operating cost(1) per ounce sold of US$570 in second quarter 2014 ("Q2/14"), 37% improvement from US$908 per ounce in second quarter 2013 ("Q2/13") - Preliminary all-in sustaining cost(2) ("AISC") per ounce sold of US$810 in Q2/14, 36% better than US$1,257 in Q2/13 - Preliminary total production costs in the second quarter of $33 million - Six-month cash operating costs estimated at US$600 per ounce sold, better than full-year 2014 target range of US$675 to US$775 per ounce -Six-month 2014 AISC per ounce sold estimated at US$890, better than the full-year target range of US$950 to US$1,050 - Total production costs for the first six months of 2014 estimated at $63 million
