obviously this isn't going well at all. stocks keep tanking. LSG had OK earnings, but not stellar. I'd guess the other problem is that the quality of gold is going down / below projections. that's a bummer.
it's still a risky proposition. what it has going for it is in Canada, has been operating, and Mgt appears to be delivering on increased production. as well, it is funded at least through 2013. On the downside, cash costs are higher than that of the major producers, ore grade is mediocre, especially for a deep mine, size of deposit isn't great either. That gives you a lot of downside risk with OK, but not spectacular upside.
it'll be interesting to see what happens on the con call / earnings. the company is priced like it is going to go bankrupt. you could buy a penthouse in hong kong for its market cap.