Replies to post #28099 on Value Microcaps Junior Miners

[dr_airtime]

Checkmake - Lakeshore...

...honestly I don't see why you have any interest at all in this company. Them and Sangold have been canadian miners in weird conundrum where they must of been owned largely by gold funds, have been stupidly overvalued while being dissapointing operationally, but have remained stupidly overvalued becuase the funds have not sold.

That's what I see from the outside anyways. I don't ever bother researching a company unless they past an initial cheapness screen so this is just an outsiders thoughts.

[checkmate28]

Lake Shore Gold LSG) Knocks it out of the park with Q3 Net earnings $7.9m. In 2012, they leveraged the farm to finance what were seeing now while everyone screamed dilution. It paid off. It was simple to me. A Timmins property with Lots of Very high grade gold, just ready to be cherry picked. Because of grade, they had the right formula even with $1200gold. Just Needed execution. Cash costs $588 AISC $861 year to date! I didn't see that coming.

Third Quarter 2014 ("Q3/14")

-- 58% increase in gold production from third quarter 2013 ("Q3/13") to
45,600 ounces
-- 41% growth in sales from Q3/13 to 45,500 ounces
-- 15% improvement in cash operating cost(1) per ounce sold to US$594 from
US$701 in Q3/13
-- 16% improvement in all-in sustaining cost(2) per ounce sold to US$858
from US$1,207 in Q3/13
-- Total production costs(3) of $29.6 million
-- Capital expenditures of $15.2 million
-- Net earnings of $7.9 million versus net loss of $1.7 million in Q3/13

Nine-Month 2014 ("9M/14")

-- Record production of 142,500 ounces, up
72% from first nine months 2013 ("9M/13")
-- 65% growth in sales from 9M/13 to 142,000 ounces
-- 31% improvement in cash operating cost per ounce to US$588 from US$856
in 9M/14
-- 34% improvement in all-in sustaining cost per ounce sold to US$861 from
US$1,307 in 9M/13
-- Total production costs of $91.6 million
-- Capital expenditures of $39.4 million
-- Net earnings of $25.7 million compared to net loss of $7.8 million in
9M/13

Cash and bullion(4) at September 30, 2014 totaled $67.3 million, an increase of $33.3 million or 98% from $34.0 million at December 31, 2013.

Tony Makuch, President and CEO of Lake Shore Gold (LSGGF), commented: "Q3/14 is our fourth consecutive quarter of generating net free cash flow, a period during which our cash and bullion has increased by over $50 million. We have achieved solid production growth year over year, and are one of the lowest cost producers within our industry. Total cash costs per ounce sold were US$594 in Q3/14 and US$588 in 9M/14, while all-in sustaining costs averaged US$858 per ounce in Q3/14 and US$861 per ounce year to date. Given our results to date, we will produce at least 180,000 ounces of gold in 2014 at costs lower than our guidance.