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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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July 16, 2015
11:12 EDTLSGLake Shore Gold submits proposal to acquire Temex resources for 13c per share
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July 14, 2015
05:33 EDTLSGLake Shore Gold announces 1H15 and Q2 preliminary cost estimates
Lake Shore Gold announced preliminary cash operating cost and AISC per ounce sold for the first half and second quarter of 2015. Cash operating cost per ounce sold in 1H15 is estimated at approximately $551 compared to $588 reported in the first half of 2014 1H14. AISC per ounce sold in 1H15 is estimated at $810 versus $862 in 1H14. Total production costs in 1H15 are estimated at approximately $67M versus full-year 2015 guidance of $125M. Based on estimated unit costs in 1H15, the company announced on July 8, 2015 that it was revising its unit cost guidance for full-year 2015. Cash operating cost per ounce sold is now targeted to be below $650, which compares to the previous guidance of between $650 and $700. The target for full-year AISC per ounce sold has been revised to better than $950 from between $950 and $1,000 previously. For Q2, preliminary cost estimates include cash operating costs of $597 per ounce sold and AISC per ounce sold of $879. Both unit cost measures were in line with the company's revised guidance for full-year 2015. Total production costs for Q2 are estimated at approximately $34M.

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