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Stock Market & Financial Investment News

News Breaks
July 3, 2014
14:15 EDTLSGLake Shore Gold sees FY14 gold production of 160K-180K ounces
Lake Shore Gold announced record quarterly and six-month production in Q2 and the first half of 2014. A total of 52.3K ounces of gold was produced in Q2. The company both poured and sold 53.5K ounces of gold during Q2, with an average selling price of $1,289 per ounce. The company's cash and bullion totaled approximately $53M at June 30. In the first half of 2014, the company produced 96.9K ounces of gold. Gold poured during the first half of 2014 totaled 99.2K ounces, while the company sold 96.5K ounces of gold at an average selling price of $1,291 per ounce. Based on results in the first half of 2014, the company now expects to achieve the top end of its 2014 production guidance of 160K to 180K ounces of gold. CEO Tony Makuch commented, "We have also repaid approximately $17M of debt so far in 2014, including a $10M prepayment on our standby line of credit on June 4. Supported by our growing financial strength, we have resumed drilling at our mines to grow reserves and resources and extend mine life. We are also advancing work at a number of our key growth projects, and will soon commence drilling at our 144 property, a very exciting exploration target located adjacent to our Thunder Creek deposit."
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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