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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@WorldofMining$SSL Sandstorm shares hell in a down gold market but great leverage with rising gold, especially with the new portfolio of Teck royalties. Some high-quality producing names there - $LSG$YRI - as well as exploration plays, Mariana's Hot (Hot) Maden $MARL.L
James#BNNLive#Cook and #Mazmudar Tahoe Resources $THO - Brent we like it fantastic mine in Guatemala. Just bought Lake Shore $LSG a company held in the portfolio. Brent think silver hasn't jumped yet because we haven't seen the wing nuts and tin hat guys jump in yet. Catherine who are they? They are busy at the Trump rallies LOL
anonymousTahoe Resources Inc. (THO-T, TAHO-US), Lake Shore Gold Corp. (LSG-T) - comment from TD Securities' Daniel Earle
This morning, Tahoe announced combined 2016 guidance, after the completion of its business combination with Lake Shore Gold on Friday.
2016 guidance related to the company’s gold operations includes total gold production of 370-430 koz at total cash costs of $675-$725/oz and AISC of $950-$1,000/oz. Silver guidance remained unchanged.
Pro forma cash and equivalents of Tahoe and Lake Shore Gold at December 31 totaled $179.3mm. Excluding debt related to Lake Shore Gold’s convertible debentures, pro forma net cash at December 31 was $115.8mm.
Looking ahead, the company is hoping to grow gold production from approximately 350 koz in 2015 to over 550 koz by 2020. Specifically, the company plans to grow gold production in Timmins by ~40%, to over 250 koz/yr by 2020.
We had previously published potential growth for the Timmins assets of 50% in NAV and production (80 koz) by 2020.
Increasing mine life is another key component of the company's strategy for its new Canadian operations. The company is targeting growth of 2.0-4.0 Moz in gold reserves and resources by 2020. $THO$TAHO$LSG
@kipkeenTD's Daniel Earle on Tahoe Resources $THO & Lake Shore Gold $LSG, combo/guidance:
Yesterday morning, Tahoe announced combined 2016 guidance after completing its business combination with Lake Shore Gold on Friday.
The merger increases the company's gold weight to 63% this year (growing to 70%) and reduces its geopolitical risk profile (Guatemala now 56% of project NAV) while providing strong growth to 2020.
Combined 2016 gold operations guidance: 370-430 koz at AISC of $950-$1,000/oz. Silver guidance remained unchanged at 18-21 Moz at AISC of $10-$11/oz.
Long term gold growth: the company hopes to grow gold production from approximately 350 koz in 2015 to over 550 koz by 2020. Timmins is expected to grow from ~175 koz in 2016 by over 40% to +250 koz by 2020.
The growth potential the company outlined for its Timmins assets mirrors what we published on February 8 before guidance was available. As far as we know, we're the only firm to have published a detailed view of this potential, but note that this growth is not incorporated into our valuation.
The key growth initiatives: (1) commercial production at the 144 Gap Deposit in 2017, (2) production from the Whitney Project, first from open pit then underground, and (3) re-commissioning and extending the shaft at the Bell Creek Mine to depth and expanding the mill to 5,500 tpd.
The company is also intensifying the focus on mine life extension with the goal of growing to 2.0 - 4.0 Moz Au in Reserves and Resources by 2020.
@Goldenboy@Davidj yes Ingrid was on the board of $dgc, and $lsg, well connected initial founder of the detour gold project. Their timmins property is close to some amazing hits by lsg and in ghana they are sandwiched by world class mines and a large land holder. Only negative I see is float size and further dilution.
@hihosilverI traded my $THO for $DGC today. I am not a fan of $THO for several reasons but it was originally my $LSG holdings. Hoping my $RIC turns becomes $THO so I can exchange that too for something a little safer.
@JamesKwantesTony Makuch ex of Lake Shore Gold filing a large sale of $THO shares, 163,900 at $16.48. That's $2.7 million (he still owns 500,000 Tahoe shares). Tahoe took over $LSG in February SEDI:THO
@Stealinator@dirkdiggler have been looking at $NHK , the video promo they put out was very compelling and helped make decisions, filled at .35. Have been going over all my holdings and re evaluating as to reason to hold. Trying to maintain most as 3-5 year holds. Though a TO and redeploy of capital never hurts.( sometimes it does, was pissed about $LSG , thought they had huge potential long term )
@LMHradeckiSo, guilty by association, and 2 other companies are unaccountable for the results. All because a guy doing his own illegal things? I've posted shady shenanigans from other companies, including $LSG, in the past that were blatently insider trading.
@RocketRed$opw property $lsg Lake Shore Drilled Lake Shore Gold has provided drill results from the company's 100-per-cent-owned Bazooka project located in Beauchastel township, seven kilometres southwest of Rouyn-Noranda, Que. The first phase drill program was initiated in late last October and 5,673 metres in 23 holes were drilled by the end of February, 2004. Drilling tested 650 metres of strike on sections spaced at 60 metres and provided infill drilling around the 1981 Soquem drilling and the 1946 drilling and underground exploration by Siscoe Mines. This program has increased the known strike length of the mineralization zone from 250 metres to 560 metres, and the zone remains open to the west.
@RocketRed$opw now property from $LSG 2 holes had high grade the rest were low grade out of 23 holes drilled only 14 had gold the rest were dusters that was in 2004 and the property went to $rtm in which went into $OPW today
wannabeinvestor@stargate2, unless $ME finds smth resembling high-grade ore I am afraid $THO will not pick this up. their share price has been a constant disappointment ever since they acquired Rio Alto. Even a seemingly smart acquisition of $LSG, a high-grade very high-quality miner, did not turn things around.