Lake Shore Gold Corporation (LSG)

[gharma]

Cost of production is one of the costs incurred by the company, but there are others that cost of production does not include
One must take all costs into account, not just what is usually termed the cash cost of production, a number more close to the per ounce cost of running the mining operation, not the cost of running the company (sales, admin, debt service, taxes, cap ex, etc.)
There are companies with 700 cash cost of production on gold per ounce that are loosing money at 1400 per ounce gold.