Past year: ▲ 75%(96.0c – 2.08 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
4 Apr 2016business combination▲ GoodMajor
Lake Shore Gold and Tahoe completed their business combination on 1 April 2016, with Tahoe acquiring all Lake Shore Gold shares. Lake Shore Gold also announced it would redeem all of its outstanding 6.25% convertible unsecured debentures.
31 Mar 2016business combination▲ GoodMajor
Lake Shore Gold shareholders approved all matters put to them at the special meeting held on 31 March 2016, and the voting results were reported.
18 Mar 2016business combination▲ Good
Both ISS and Glass Lewis recommended shareholders vote for the Tahoe arrangement, citing the strategic rationale, the implied premium and better trading liquidity in the combined company.
11 Mar 2016resource reserve update● NeutralMajor
Lake Shore Gold announced updated mineral resource and reserve estimates for its operating mines. It also filed a technical report on the Timmins West Mine.
8 Feb 2016resource reserve update▲ GoodMajor
Lake Shore Gold announced a first resource estimate for its 144 Gap Zone. It comprised Indicated resources of 1,734,000 t at 5.41 g/t gold and Inferred resources of 1,914,000 t at 5.19 g/t.
8 Feb 2016business combination▲ GoodMajor
Tahoe Resources agreed to acquire all of Lake Shore Gold's shares, with each share exchanged for 0.1467 of a Tahoe share. Lake Shore Gold holders would own about 26% of the combined company and Tahoe holders about 74%.
4 Feb 2016drilling result▲ GoodMajor
Lake Shore Gold reported results from the first 13 holes (1,600 m) of an exploration programme at its Whitney Project. It said they showed potential to expand the near-surface resource to the west, north and to depth.
20 Jan 2016production update▲ GoodMajor
Lake Shore Gold announced preliminary production costs for the full year and fourth quarter of 2015, including cash operating costs and all-in sustaining costs per ounce sold.
11 Dec 2015security holder rights change▲ Good
The TSX approved the debenture buyback, for up to $10,350,000 of principal, running from 15 December 2015 to 14 December 2016 with daily purchases capped at $24,000 of principal.
8 Dec 2015security holder rights change▲ Good
Announced a normal-course bid to buy back and cancel up to 103,500 of its 6.25% convertible debentures due September 2017, about 10% of the public float, funded from working capital. Management expected to end 2015 with close to $100 million of cash - the company was now buying its own debt back rather than issuing more.
28 Oct 2015drilling result▲ GoodMajor
Lake Shore Gold reported results from 60 surface and underground drill holes and 11 wedge cuts, totalling 39,050 metres, at its 144 Gap Zone.
14 Oct 2015production update▲ GoodMajor
Lake Shore Gold produced 136,200 ounces in the first nine months of 2015, 40,600 of them in the third quarter. Preliminary cash operating costs were US$567 and all-in sustaining costs US$844 per ounce sold for the nine months.
17 Sept 2015drilling result▲ GoodMajor
The first ten underground holes (4,771 m) from the new exploration drift into the 144 Gap returned 7.81 g/t over 10.4 m, 6.29 g/t over 36.8 m, 7.83 g/t over 18.8 m and 10.97 g/t over 14.4 m, with the drift over 90% complete and a first resource still targeted for early 2016.
14 Sept 2015business combination▲ GoodMajor
Temex shareholders approved the arrangement with about 88% of votes cast in favour, clearing the way to close on the court's final order. Lake Shore Gold would issue roughly 20 million shares, under 5% of its own count, to take all of Temex.
14 Aug 2015asset acquisition disposition● Neutral
Bought the 2,500,000 IDM Mining units at $0.10 each as agreed ten days earlier, taking its partly diluted interest to 35,702,290 shares or 37.6%.
5 Aug 2015asset acquisition disposition● Neutral
Took 7,500,000 IDM Mining shares plus warrants over 20,000,000 more in settlement of IDM's obligation from a 2013 property sale, lifting Lake Shore Gold to 31,952,290 shares or 36.3% of IDM on a partly diluted basis, and agreed to buy 2,500,000 units in IDM's placement.
3 Aug 2015business combination▲ GoodMajor
Signed a binding arrangement agreement with Temex on the 16 July terms, after Temex terminated an agreement it had signed with Oban Mining on 29 June. Lake Shore Gold lent Temex the money to pay Oban its $691,856 break fee - it funded the exit from the rival deal to get the asset.
16 July 2015business combination▲ GoodMajor
Two announcements in one filing. Preliminary first-half cash operating cost of US$551 an ounce sold and all-in sustaining cost of US$810. And a binding proposal to buy Temex Resources at 0.105 Lake Shore Gold shares per Temex share, worth $0.13 on the 15 July close - the target being Temex's 60% of the Whitney joint venture with Goldcorp next door to Bell Creek (218,100 ounces measured at 7.02 g/t, 490,500 indicated at 6.77 g/t, 170,700 inferred at 5.34 g/t) plus 100% of the Juby project.
8 July 2015production update▲ GoodMajor
First-half 2015 production of 95,600 ounces from 627,000 t at 4.9 g/t and 96.7% recovery, with 98,500 ounces sold at US$1,208. Full-year guidance was raised to at least 180,000 ounces and unit cost targets cut to below US$650 cash and US$950 all-in sustaining; cash and bullion stood at about $82.0 million.
29 May 2015debt financing▲ GoodMajor
Made the final payment on the Sprott senior secured debt, clearing the $70 million facility arranged in mid-2012 to fund the Bell Creek mill expansion. Three years from first drawdown to no secured debt at all, with the C$90 million of convertible debentures due September 2017 still outstanding.
4 May 2015drilling result▲ GoodMajor
Expanded the 144 Gap drill programme, opened new exploration along the 144 trend to the southwest and added an underground programme at Bell Creek. Management framed it as the turn from stabilising and deleveraging to spending on growth, after debt repayment and cost targets had been met.
27 Apr 2015drilling result▲ GoodMajor
Twenty-two holes and five wedges (29,089 m) took the 144 Gap to 400 m along strike and 400 m of vertical height, with the high-grade core now at least 300 m tall. Intercepts included 11.79 g/t over 21.1 m within a broader 5.74 g/t over 55.0 m, 8.81 g/t over 8.2 m and 8.14 g/t over 15.1 m.
13 Apr 2015production update▲ Good
First-quarter 2015 cash operating cost came in at about US$509 an ounce sold and all-in sustaining cost at US$748 - 18% and 22% better than the same quarter of 2014, and far inside full-year targets of US$650-700 and US$950-1,000.
31 Mar 2015resource reserve update● NeutralMajor
Filed an updated Bell Creek reserve at 31 December 2014 of 1,792,295 t grading 4.6 g/t for 263,608 ounces mined to surface, of which 172,228 t at 4.5 g/t is proven, using a US$1,100 gold price and a 0.90 exchange rate.
25 Feb 2015drilling result▲ GoodMajor
Ten holes and a wedge (11,092 m) defined a thick, high-grade core inside the 144 Gap over 250 m of vertical height, 75-100 m wide and 50-75 m along strike, with 5.36 g/t over 47.0 m (including 9.70 g/t over 18.4 m), 4.09 g/t over 56.9 m and, near the northeast limit, 78.44 g/t over 1.9 m.
27 Jan 2015drilling result▲ GoodMajor
Tripled the 144 Gap's minimum strike length, taking the zone to 350 m along strike and 350 m down dip, and pushed mineralisation 200 m northeast to within 500 m of Thunder Creek (3.68 g/t over 18.0 m, 6.56 g/t over 12.4 m, and 100.00 g/t over 0.40 m). Six surface rigs were on site with 90,000 m planned for 2015.
15 Jan 2015production update▲ GoodMajor
Preliminary 2014 cash operating cost of about US$595 an ounce sold beat guidance of US$675-775 and was 22% better than 2013, with all-in sustaining cost at US$875 against a US$950-1,050 target and total production costs of about $120 million versus $128 million guided. This is the year the mine turned into a free-cash-flow generator.
18 Dec 2014production update● Neutral
Guided 2015 to 170,000-180,000 ounces at cash operating costs of US$650-700 and all-in sustaining costs of US$950-1,000 an ounce, with grades easing to about 4.4 g/t and total production costs near $125 million. Aggressive drilling at the 144 Gap was budgeted with the aim of defining a first resource.
13 Nov 2014drilling result▲ GoodMajor
Four more holes (4,898 m) at the 144 Gap returned 7.18 g/t over 24.0 m including 12.61 g/t over 11.5 m, 5.09 g/t over 24.8 m and 5.92 g/t over 20.7 m, confirming minimum dimensions of 100 m along strike by 250 m down dip. The programme was expanded from 10,000 to 15,000 m with a fourth rig.
22 Oct 2014drilling result▲ Good
Forty-eight holes (13,916 m) at Timmins West confirmed and extended the second fold-nose structure at the Timmins deposit (12.32 g/t over 9.3 m including 27.70 g/t over 3.3 m, and 11.72 g/t over 9.7 m) and found new gold below the resource in the footwall and ultramafic zones, including 38.56 g/t over 3.1 m.
