start here

start here

The Daily IKN email digest, get all daily posts sent to you next day (& no ads)

7/14/15

Lake Shore Gold (LSG.to) 2q15 cash costs

Following on form its production NR last week, Lake Shore Gold (LSG) (LSG.to) gave us its cash costs reading for the 2q15 period this morning. Here's a chart:


Note that this is in Canadian dollars, not the U$ used (to make things look smaller) by Makuch&Co in the NR today. We use the same conversion rate as the company. And by the way, we're sticking to Loonies to report LSG numbers because that's what they do; they work in Canada, costs are Canadian, they report their quarters in Canadian Dollars...therefore so should we.

Bottom line: A little more expensive, but still more than reasonable and when you compare that latest column against the CAD$1,470/oz it received for each ounce produced, it's in good corporate shape. So, now just waiting for Chuck Jeannes to get on and do the obvious.