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Stock Market & Financial Investment News

News Breaks
January 10, 2013
18:01 EDTLSGLake Shore Gold reaches FY12 production goal, sees FY13 production up
Lake Shore Gold released operating results for FY12 and Q4 and announced production and cost guidance for 2013. Gold production in 2012 of 85,782 ounces, or 719,298 tonnes at 3.9 grams per tonne, with gold poured from 2012 production of 85,184 ounces, in line with company guidance. Gold production in Q4 totaling 23,738 ounces, or 181,575 tonnes at 4.2 grams per tonne, with gold poured of 24,041 ounces. Key 2012 mine development and expansion objectives achieved with mining and milling capacity increased 25% to 2,500 tonnes per day; on track to reach 3,000 tonnes per day during Q2. Targets for 2013 include strong production growth to between 120,000 and 135,000 ounces of gold, cash costs between $800 and $875 per ounce, including royalties, project spending of approximately $80M and exploration spending of $10M, largely related to in-mine drilling. Cash and bullion inventory at December 31 of approximately $61M.
News For LSG From The Last 14 Days
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February 8, 2016
07:34 EDTLSGTahoe Resources and Lake Shore Gold to host conference call
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07:03 EDTLSGTahoe Resources to acquire Lake Shore Gold
Tahoe Resources (TAHO) and Lake Shore Gold (LSG) announced that they have entered into a definitive agreement whereby Tahoe will acquire all of the issued and outstanding shares of Lake Shore Gold. Under the terms of the Arrangement Agreement, all of the Lake Shore Gold issued and outstanding common shares will be exchanged on the basis of 0.1467 of a Tahoe common share per each Lake Shore Gold common share. Upon completion of the Transaction, existing Tahoe and Lake Shore Gold shareholders will own approximately 74% and 26% of the pro forma company, respectively, on a fully-diluted in-the-money basis. The Exchange Ratio implies a consideration of C$1.71 per Lake Shore Gold common share, based on the closing price of Tahoe common shares on the Toronto Stock Exchange on February 5, representing a 14.8% premium to the closing price of Lake Shore Gold on February 5 and a 28.6% premium to the closing share of Lake Shore Gold on February 4. Based on each company's 20-day volume weighted average price on the TSX, the Exchange Ratio implies a premium of 25.7% and 30.4% to Lake Shore Gold common shares for the periods ending February 5, 2016 and February 4, 2016, respectively. The implied equity value is equal to C$945M.
07:01 EDTLSGTahoe Resources to acquire Lake Shore Gold
February 5, 2016
15:01 EDTLSGLake Shore Gold says not aware of any developments to account for stock activity
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13:07 EDTLSGLake Shore Gold trading halted, pending news
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