Last C$1.17 CAD
Change Today +0.03 / 2.63%
Volume 1.9M
As of 4:00 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

lake shore gold corp (LSG) Snapshot

Open
C$1.15
Previous Close
C$1.14
Day High
C$1.19
Day Low
C$1.15
52 Week High
08/8/14 - C$1.40
52 Week Low
10/15/13 - C$0.35
Market Cap
494.3M
Average Volume 10 Days
3.9M
EPS TTM
C$-0.15
Shares Outstanding
422.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
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 Senior Vice-Presi...
Total Annual Compensation: C$206.7K
Vice President, General Counsel and Corporate...
Total Annual Compensation: C$250.0K
Vice President of Exploration
Total Annual Compensation: C$300.0K
Vice President of Finance
Total Annual Compensation: C$214.1K
Compensation as of Fiscal Year 2013.

lake shore gold corp (LSG) Key Developments

Lake Shore Gold Corp. Reports New Zones of High Grade Mineralization

Lake Shore Gold Corp. announced the results from 65 holes (13,900 meters) from drilling the Labine Deposit at the Bell Creek Mine. Drilling between 775 and 925 levels identifies new zones of high-grade mineralization within untested gaps of the Labine Deposit North A and NA2 Zones; significant assays include 12.68 grams per tonne ("gpt") over 18.5 metres ("m"), 10.36 gpt over 10.5 m, 10.10 gpt over 7.6m, 5.11 gpt over 9.5m, and 6.04 gpt over 13.0m. Drilling below 925 level confirms high grade mineralization extending to depth with potential to add to existing reserves; significant assays include 9.98 gpt over 10.3m, 5.60 gpt over 16.9m, 9.79 gpt over 9.6m and 3.09 gpt over 23.3m, including 6.81 gpt over 7.4m. Drilling between 685 and 775 levels continues to confirm grade and width of zones in areas close to active mining; intercepts include 6.64 gpt over 13.2m, 10.18 gpt over 5.7m, 7.76 gpt over 6.0m, 6.05 gpt over 9.1m, 6.92 gpt over 6.7m, 6.83 gpt over 7.8m. Additional drilling to confirm and expand zones below 775 level ongoing with 3 drills. Work has commenced on pre-feasibility study to increase reserves and re-activate the BC shaft. The company announced the results from 65 holes (13,900 metres) from drilling the Labine Deposit at the Bell Creek Mine. The holes are part of an overall program consisting of 31,230 metres being drilled at the Bell Creek Mine in 2014 to infill and expand resources and increase total reserves. As an operation, Bell Creek has been performing well in 2014 with total production in the first half of the year totaling 129,000 tonnes grading 5.3 gpt (20,900 ounces). The mine is on track to produce approximately 40,000 ounces in 2014, an increase of over 40% from 2013. Work has commenced on a pre-feasibility study to update reserves and resources and evaluate deepening the mine, including re-activation of the Bell Creek shaft and extension of the ramp to depth.

Lake Shore Gold Corp.(TSX:LSG) added to S&P/TSX Global Mining Index

Lake Shore Gold Corp.(TSX:LSG) added to S&P/TSX Global Mining Index

Lake Shore Gold Corp. Reports Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production Guidance for the Year 2014

Lake Shore Gold Corp. reported consolidated earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company recorded production of 52,300 ounces, 70% increase from second quarter 2013. Record gold sales of 53,500 ounces, close to double the 27,600 ounces sold in second quarter 2013. For the six months, the company recorded production of 96,900 ounces, 79% increase from first six months of 2013. Record gold sales of 96,500 ounces, 80% increase from 53,700 ounces sold in the first six months of 2013. For the quarter, the company's revenues totaled CAD 75.1 million compared to CAD 39.7 million a year ago. Net earnings were CAD 13.1 million, or CAD 0.03 per common share, versus a net loss of CAD 5.4 million, or CAD 0.01 per common share a year ago. Total capital expenditures were CAD 11.8 million, a reduction of 57% from CAD 27.8 million in the second quarter of 2013. For the six months, higher gold sales resulted in a 66% increase in revenues to CAD 136.6 million from CAD 82.5 million in the six months of 2013. Net earnings totaled CAD 17.8 million, or CAD 0.04 per common share, which compared to a net loss of CAD 6.1 million, or CAD 0.01 per common share, in the six months of 2013. Total capital expenditures were CAD 24.5 million, 63% lower than the CAD 66 million invested in the six months of 2013. The company provided production guidance for the year 2014. For the year 2014, the company targets gold production of 160,000 - 180,000 ounces.

 

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