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Stock Market & Financial Investment News

News Breaks
July 10, 2014
18:35 EDTLSGLake Shore Gold reports preliminary Q2 cash operating costs
Lake Shore Gold announced preliminary cash operating costs and AISC for Q2/14 and H1/14. Final numbers for these measures will be available on July 31 when the company releases its full second quarter financial results. Preliminary cash operating cost per ounce sold for Q2/14 is approximately US$570 (including US$30 per ounce for royalties), a 37% improvement from US$908 per ounce in Q2/13. AISC per ounce sold in Q2/14 is expected to be approximately US$810 per ounce, an improvement of 36% from US$1,257 in Q2/13. Total production costs in Q2/14 are estimated at approximately $33M. In H1/14, preliminary cash operating costs are US$600 per ounce sold, a 36% improvement from H1/13 and better than the company's full-year 2014 guidance of between US$675 and US$775 per ounce. AISC per ounce sold for the half year is estimated at US$890, a 36% improvement from a year ago and better than the company's target range for 2014 of US$950 to US$1,050 per ounce. Total production costs for the first six months of 2014 are estimated at approximately $63M.
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October 21, 2014
17:17 EDTLSGLake Shore Gold announces positive drilling results at Timmins West Mine
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