Last $0.78 USD
Change Today +0.0049 / 0.63%
Volume 187.1K
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As of 8:04 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

lake shore gold corp (LSG) Snapshot

Open
$0.78
Previous Close
$0.78
Day High
$0.79
Day Low
$0.77
52 Week High
03/17/14 - $0.91
52 Week Low
06/21/13 - $0.17
Market Cap
325.0M
Average Volume 10 Days
448.5K
EPS TTM
--
Shares Outstanding
416.6M
EX-Date
--
P/E TM
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Dividend
--
Dividend Yield
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Current Stock Chart for LAKE SHORE GOLD CORP (LSG)

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lake shore gold corp (LSG) Details

Lake Shore Gold Corp., a gold mining company, is engaged in the acquisition, exploration, and development of gold properties in Canada. It also explores for silver ores. The company’s principal properties include Timmins West Complex, which covers an area of approximately 130 square kilometers located in Timmins, Ontario; Bell Creek Complex that covers an area of approximately 32 square kilometers situated in Timmins, Ontario; and Fenn-Gib, which consists of 171 mining claims, patents, and leases covering approximately an area of 29 square kilometers. Lake Shore Gold Corp. is headquartered in Toronto, Canada.

lake shore gold corp (LSG) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$660.0K
Chief Financial Officer and Vice-President
Total Annual Compensation: C$206.7K
Senior Vice President of Operations
Total Annual Compensation: C$275.0K
Vice President, General Counsel and Corporate...
Total Annual Compensation: C$250.0K
Vice President of Exploration
Total Annual Compensation: C$300.0K
Compensation as of Fiscal Year 2013.

lake shore gold corp (LSG) Key Developments

Lake Shore Gold Corp. Reports Operating Results for the First Quarter of 2014

Lake Shore Gold Corp. reported operating results for the first quarter of 2014. For the quarter, the company reported a total of 44,600 ounces of gold was produced, an increase of 92% from 23,200 ounces of gold in the first quarter of 2013. Mill throughput during the first quarter of 2014 totaled 283,800 tonnes at an average grade of 5.1 grams per tonne with average mill recoveries of 96.6% compared to totaled 197,600 tonnes at an average grade of 3.8 grams per tonne with average mill recoveries of 95.6% in the first quarter of 2013. Total gold poured for the first quarter of 2014 totaled 45,700 ounces, while gold sales totaled 42,900 ounces at an average price of USD 1,294 per ounce compared to total gold poured totaled of 20,530 ounces, while gold sales totaled 26,100 ounces at an average price of USD 1,630 per ounce in the first quarter of 2013.

Lake Shore Gold Corp. Identifies New, High-Grade Structures Near Current Mining at Bell Creek Labine Deposit

Lake Shore Gold Corp. announced the results from 16 new holes from drilling at the Bell Creek Mine in the area now called the Labine Deposit, representing all of the mine's currently known zones. The new holes were drilled as part of a program designed to confirm and expand resources below the 685 Level. The program includes approximately 2,593 metres from the 2014 operating and capital budgets of 9,850 metres as well as 1,125 metres from a new 3,750 metre exploration budget announced in January 2014. Key intersections being reported include 14.12 gpt over 10.2 m in BC610-865, 8.41 gpt over 12.0 m in BC610-911, 7.01 gpt over 10.7 m in BC610-863A and 6.02 gpt over 7.6 m in BC610-872. The drilling, completed from the 610 Level, was concentrated in an untested gap near the east limit of the current resource. The holes identify new high-grade intercepts within the North A Zone and also define two new hanging wall structures 100 metres to the east of current mining. The new structures identified in the program appear to follow a similar southwest trend as other hanging wall structures being mined further to the west, but with thicker widths and better grades. Additional results being announced include 11.42 gpt over 3.6 m in BC685-901, 8.47 gpt over 4.6 m in BC685-901, 7.76 gpt over 8.7 m in BC685-860A, 5.96 gpt over 6.5 m in BC685-861 and 6.38 gpt over 6.0 m in BC-685-902. These holes were drilled on the 685 Level in close proximity to active mining. The holes are considered important as they include new high-grade intercepts in the North A Zone and define a third new hanging wall structure from the current drilling that provides additional support for a revised deposit model the company is developing for the mine. The revised deposit model is based on multiple southwest trending veins branching from the North A Zone rather than previous models which were based mainly on east-west trending zones. The revised model assumes somewhat narrower mining widths but with significantly higher grades for certain zones. By combining the results of previous drilling with the new holes being announced today, the company has to date identified at least 7 new hanging wall structures, as well as several examples of intercepts from previously drilled holes crossing these new structures where widths could be reduced slightly to increase grades.

Lake Shore Gold Corp. Reports Consolidated Earnings and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Operating Guidance for the Year 2014; Announces Impairment Charges for the Fourth Quarter of 2013

Lake Shore Gold Corp. reported consolidated earnings and operating results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net cash flow provided by continuing operating activities of USD 34.3 million, cash and bullion, increased USD 18.8 million during fourth quarter, to USD 34.0 million at Dec. 31, 2013. Net loss of USD 225.7 million or USD 0.54 per common share, including USD 225.0 million impairment charge, adjusted net loss of USD 0.7 million before impairment charge compared to net loss on loss of USD 0.3 million on same basis in 2012. Before impairment charge of USD 225.0 million, adjusted earnings from mine operations were totaled USD 11.7 million a year ago. For the quarter, the company reported production of 51,700 ounces, more than double the 23,700 ounces, increase from 2012 and at top end of produced in fourth quarter of 2012. For the year, the company reported net cash flow provided by continuing operating activities of USD 70.6 million, cash and bullion increased USD 18.8 million during fourth reduced by USD 27.0 million reflecting, quarter, to USD 34.0 million at Dec. 31, in part, investment of USD 90.4 2013. Cash flow provided by continuing operating activities of USD 34.3 million, cash and bullion a year ago. For the year, the company’s production of 51,700 ounces, more, increase from 2012 and at top end of produced in fourth quarter 2012. In 2014, the company is targeting gold production of 160,000 - 180,000 ounces, with expected cash operating costs per ounce sold in the range of USD 675 to &USD 775, all-in sustaining costs per ounce sold in the range of USD 950 to USD 1,050 and total production costs of USD 128 million. For the fourth quarter of 2013, the company recorded USD 225.0 million impairment charge.

 

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