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Author Topic: LSG - Lake Shore Gold Corporation - AMEX  (Read 7697 times)
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« on: March 05, 2013, 10:16:48 AM »


Daily Chart:  http://stockcharts.com/h-sc/ui?s=LSG&p=D&b=5&g=0&id=p50168239292

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News:  http://finance.yahoo.com/q/h?s=LSG+Headlines

Business Summary:  Lake Shore Gold Corp. engages in the acquisition, exploration, and development of gold properties in northern Ontario and Quebec of Canada, as well as in Mexico. The company’s principal properties include Timmins West Mine comprising Timmins Deposit and Thunder Creek Deposit; and Gold River Trend, 144 Property, Bell Creek Mine, Bell Creek Mill, Vogel/Schumacher properties, Marlhill, and Fenn-Gib project located in Canada. It also holds interests in the polymetallic Montaña de Oro project, Lluvia de Oro gold-silver project, and Universo gold project located in Mexico. Lake Shore Gold Corp. is headquartered in Toronto, Canada.
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« Reply #1 on: March 18, 2013, 10:08:37 PM »


Lake Shore Gold Reports Solid Progress in 2012

Company Nearing Completion of Key Construction Programs, Strong Production Growth and Lower Costs Planned in 2013

Mar 18, 2013

Lake Shore Gold Corporation today announced financial and operating results for the full-year and fourth quarter of 2012. Highlights of the year include: meeting the Company''s production guidance; achieving significant development and construction progress; effectively managing operating costs and capital investment; and ending the year positioned for production growth of 40% or more in 2013 (120,000 to 135,000 ounces) and well financed.

Tony Makuch, President and CEO of Lake Shore Gold, commented: "Last year was our peak year for capital investment, development and construction as we advanced the Timmins West Mine and kept our mill expansion on track for completion during the second quarter of 2013. It was also a year in which we achieved our production guidance, reported average cash costs per tonne below expected levels and capital expenditures at the low end of our target range. Based on the progress achieved in 2012, we are now poised for strong production growth, sharply lower capital investment and improved operating costs in 2013."

http://finance.yahoo.com/news/lake-shore-gold-reports-solid-004738521.html
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« Reply #2 on: August 13, 2013, 02:10:43 PM »


Lake Shore Gold Reports Record Production and Lower Operating Costs in Second Quarter 2013

August 12, 2013

Lake Shore Gold today announced financial and operating results for the second quarter of 2013. Key highlights of the results include:

•Record gold poured of 31,800 ounces in the second quarter of 2013, with record gold production of 30,800 ounces and gold sales totaling 27,600 ounces at an average sale price of US$1,409 ($1,441) per ounce.
•Cash operating cost per ounce(1) sold during the second quarter of 2013 averaged US$908, including US$28 per ounce related to royalties. Excluding inventory movements involving higher cost ounces from previous periods, cash operating cost per ounce(1) sold averaged US$798 during the second quarter of 2013 before royalties.
•Total all-in sustaining cost ("AISC")(2) during the second quarter and first six months of 2013 of US$1,257 and US$1,398, respectively.
•Capital investment during first six months of 2013 totaling $66 million, representing close to three-quarters of target capital investment for the year.
•Excellent progress advancing mill expansion towards completion, with commissioning starting near end of July and new crushing/grinding circuit now operational and ramping to 3,000 tonnes per day.
•Earnings from mine operations for the second quarter and the first six months of 2013 of $1.8 million and $5.7 million respectively, compared to $3.2 million and $4.5 million, respectively, in same periods in 2012. Year-to-date increase reflects 36% growth in commercial sales, which more than offset impact of lower gold prices.
•2013 guidance maintained, including production of between 120,000 and 135,000 ounces of gold, cash operating cost per ounce(1) sold in a range of US$800 - US$875 and capital investment of approximately $90 million.

Tony Makuch, President and CEO of Lake Shore Gold, commented: "We are very encouraged by our results in the second quarter, which included record production, improved unit operating costs and excellent progress advancing our mill expansion towards completion. Commissioning of the expansion commenced late last month with our new crushing and grinding circuit now ramping up towards the new design capacity of over 3,000 tonnes per day, which is expected by early September. When we achieve this level of throughput, our production will increase, our unit operating costs will improve and our capital requirements will decline dramatically. At that point, we expect our AISC(2) to improve to around US$1,000 per ounce, with the Company on track to generate net free cash flow during the fourth quarter at current gold prices.

http://finance.yahoo.com/news/lake-shore-gold-reports-record-221819164.html
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« Reply #3 on: October 09, 2013, 09:45:57 AM »


Lake Shore Gold Reports Solid Third Quarter 2013 Operating Results

October 9, 2013

•Total gold sales of 32,300 ounces in third quarter 2013, with 28,300 ounces produced and 25,900 ounces poured
•Record monthly gold production in September of 12,800 ounces with average mill throughput of 3,370 tonnes per day ("tpd")
•Grades continue to improve with average grade in third quarter 2013 of 4.6 grams per tonne ("gpt")
•Mill throughput during third quarter 2013 of 202,300 tonnes, including 148,400 tonnes grading 4.9 gpt from Timmins West Mine, 42,600 tonnes grading 4.2 gpt from Bell Creek and 11,300 tonnes grading 1.6 gpt from low-grade stockpiles processed during mill commissioning
•Mill expansion completed, Company on track to achieve full year 2013 production guidance of 120,000 to 135,000 ounces.

Lake Shore Gold Corp. today announced details of the Company's operating results for the third quarter and first nine months of 2013. For the third quarter of 2013, the Company reported total gold sales of 32,300 ounces at an average price of US$1,324 per ounce ($1,372 per ounce in Canadian dollars). Gold produced during the third quarter totaled 28,300 ounces, an increase of 35% from the third quarter of 2012, with total gold poured of 25,900 ounces. Mill throughput during the third quarter of 2013 totaled 202,300 tonnes at an average grade of 4.6 gpt with average mill recoveries of 95.2%. Of the 202,300 tonnes processed, 148,400 tonnes grading 4.9 gpt was from Timmins West Mine, 42,600 tonnes grading 4.2 gpt was from Bell Creek and 11,300 tonnes grading 1.6 gpt was from low-grade material mined in previous years that was processed during the commissioning of the Company's mill expansion.

The mill expansion, which increased milling capacity by 50% from 2,000 tonnes per day to over 3,000 tpd, was completed during the third quarter of 2013. Mill throughput during September exceeded target levels for the expanded milling operations, averaging 3,370 tpd.

For the first nine months of 2013, 630,900 tonnes were processed at an average grade of 4.3 gpt for 82,300 ounces of gold production. Gold poured totaled 78,200 ounces with gold sales of 86,000 ounces at an average price of US$1,444 per ounce ($1,476 per ounce in Canadian dollars). With production levels now exceeding 3,000 tonnes per day, the Company entered the fourth quarter well positioned to achieve its key guidance for 2013, including producing between 120,000 and 135,000 ounces of gold at cash operating costs between US$800 and US$875 per ounce, with total capital investment of approximately $90 million.

Tony Makuch, President and CEO of Lake Shore Gold, commented: "We have achieved a major milestone for our Company and its shareholders with the completion of our 50% mill expansion. Our new crushing and grinding circuit has been well constructed and includes excellent infrastructure. The expanded capabilities of our mill were highlighted in September when throughput averaged 3,370 tpd and on a number of days was significantly higher than that level. We also continued to see improvement in our grades, achieving an average of 4.6 gpt in the third quarter despite processing some low-grade material during the commissioning of our mill expansion. Our mining operations performed well, with a total of 36,000 tonnes of run-of-mine ore in stockpile at the end of September.

"Looking forward, we are well positioned for a strong finish to 2013 and to achieve our key targets for the year. A great deal of hard work and significant capital investment has gone into advancing Lake Shore Gold to the point we have now reached. We are looking forward to reaping the benefits of what has been accomplished."

Details of the Company's financial performance, including capital and operating costs, will be included in its third quarter and nine month 2013 financial results to be released after the market close on Tuesday, November 5, 2013. A conference call and webcast will follow on Wednesday, November 6, 2013. Details of the conference call and webcast will follow.

http://finance.yahoo.com/news/lake-shore-gold-reports-solid-121752702.html
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« Reply #4 on: January 07, 2014, 11:22:17 AM »


Lake Shore Gold Achieves Record Production of 134,600 Ounces in 2013 and 51,700 Ounces During Fourth Quarter

January 7, 2014

•Record annual gold production of 134,600 ounces in 2013 (952,700 tonnes at average grade of 4.6 grams per tonne) at top end of Company's guidance of 120,000 - 135,000 ounces.
•Record quarterly gold production of 51,700 ounces in fourth quarter 2013 from processing 321,800 tonnes at average grade of 5.2 grams per tonne.
•December 2013 production totaled 17,500 ounces from processing 109,000 tonnes at average grade of 5.2 grams per tonne.
•Company achieves net free cash flow in fourth quarter 2013, cash and bullion at December 31, 2013 of approximately $34.0 million.
•Company targeting to grow production to 160,000 - 180,000 ounces of gold in 2014.

Lake Shore Gold" or the "Company") today announced record results for both the full year and fourth quarter 2013. For the full year, production in 2013 was a record 134,600 ounces, an increase of 57% from the 85,800 ounces produced in 2012 and at the top end of the Company's guidance of 120,000 - 135,000 ounces. A total of 952,700 tonnes was processed in 2013 at an average grade of 4.6 grams per tonne. Mill recoveries for the year averaged 95.8%. Gold poured in 2013 totaled 129,600 ounces with gold sales of 135,550 ounces at an average price of US$1,377 per ounce.

For the fourth quarter of 2013, the Company reported production of 51,700 ounces of gold, more than double the 23,700 ounces produced in the same quarter in 2012 and 68% greater than the previous quarterly record of 30,800 ounces in the second quarter of 2013. Mill throughput during the fourth quarter totaled 321,800 tonnes (3,500 tonnes per day) at an average grade of 5.2 grams per tonne with average mill recoveries of 96.3%. Total gold poured for the fourth quarter of 2013 was 51,400 ounces, while gold sales totaled 49,600 ounces at an average price of US$1,261 per ounce.

Production during December 2013 totaled 17,500 ounces, which resulted from processing 109,000 tonnes (3,520 tonnes per day) at an average grade of 5.2 grams per tonne. Gold poured during the month totaled 17,000 ounces.

Tony Makuch, President and CEO of Lake Shore Gold, commented: "We achieved a major milestone in the fourth quarter of 2013, posting our first ever quarter of net free cash flow. Cash and bullion at December 31, 2013 totaled approximately $34.0 million compared to $15.2 million at the end of September. After several years of effective development, construction and investment, it is extremely gratifying to see our operations meeting our targets and generating cash. Our strong performance in the fourth quarter included record production, mill throughput that exceeded target levels and average grades that remained over 5.0 grams per tonne to the end of the year. Full-year production of 134,600 ounces was also a record and achieved the top of our production guidance. Entering 2014, we expect to produce 160,000 - 180,000 ounces of gold, further reduce debt levels and continue to generate net free cash flow assuming current gold prices."

http://finance.yahoo.com/news/lake-shore-gold-achieves-record-100000847.html
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« Reply #5 on: March 26, 2014, 09:43:34 AM »


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

March 26, 2014

Lake Shore Gold today announced the results from 16 new holes (3,718 metres) 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.

•New, high-grade intersections reported in previously untested gap in Labine Deposit North A Zone and in two new hanging wall structures east of current mining (14.12 gram per tonne ("gpt") over 10.2 metres ("m"), 8.41 gpt over 12.0 m and 7.01 gpt over 10.7 m)

•Additional new high-grade structure, and intercepts in North A Zone, defined near active mining from drilling on 685 Level, intercepts include 11.42 gpt over 3.6 m, 8.47 gpt over 4.6 m, 7.76 gpt over 8.7 m, 5.96 gpt over 6.5 m and 6.38 gpt over 6.0 m

•Revised resource model for Labine Deposit suggests potential for significantly higher grades within slightly narrower structures below 685 Level

•Additional drilling to confirm and expand zones below 685 Level in progress

http://www.marketwired.com/press-release/lake-shore-gold-identifies-new-high-grade-structures-near-current-mining-bell-creek-tsx-lsg-1892419.htm
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« Reply #6 on: April 11, 2014, 10:47:38 AM »


Lake Shore Gold Reports Cash Operating Cost Of US $630 Per Ounce For First Quarter 2014

April 10, 2014

Lake Shore Gold Corp. today announced preliminary cash operating costs and all-in sustaining costs (“AISC”) for the first quarter of 2014. Final numbers for these measures will be available on May 7, 2014 when the Company releases its full first quarter 2014 financial results. Preliminary cash operating cost(1) per ounce sold for the first quarter of 2014 is approximately US$630 (including US$33 per ounce for royalties), better than the Company’s guidance for full-year 2014 of US$675 – US$775. AISC(2) per ounce sold for the first quarter of 2014 is expected to be approximately US$970 per ounce, in the low end of the Company’s target range for the year of between US$950 and US$1,050 per ounce. Total cash production costs for the first quarter of 2014 are estimated at approximately $30.0 million.

Based on the preliminary estimates, cash operating cost per ounce for the first quarter of 2014 improved by 36% from the first quarter of 2013, while AISC improved by 37%. The cost estimates follow the release on April 3, 2014 of the Company’s first quarter 2014 production results, which totaled 44,600 ounces, an increase of 92% from the first quarter of 2013.

Tony Makuch, President and CEO of Lake Shore Gold, commented: “After beating our cost guidance in 2013, we have gotten off to a good start this year with our cash operating costs during the first quarter coming in below our full-year target range. Our unit cost performance, in part, reflects strong production volumes for the quarter, as well as our ongoing commitment to effectively managing our costs in order to build our financial strength in support of both our current operations and our longterm growth. Based on our production and costs so far in 2014, we have been able to increase our cash and bullion by about $7.0 million, to $41.0 million, while also repaying approximately $3.7 million of debt and making a $3.2 million interest payment on our convertible debentures at the end of March. As we move forward, we are well positioned to achieve our guidance for the full year, including production of 160,000 to 180,000 ounces of gold with cash operating costs of between US$675 and US$775 per ounce and AISC of US$950 to US$1,050 per ounce.”

http://www.lsgold.com/files/doc_news/20140410-lsg0410.pdf
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« Reply #7 on: May 07, 2014, 12:12:34 PM »


Lake Shore Gold Swings To 1Q Profit; Production Rises, Costs Down

May 7, 2014

Lake Shore Gold Corporation reports first-quarter profit totaled $4.7 million compared to a loss of $600,000 in the first quarter of 2013 as gold production jumped 92% to 44,600 ounces year-on-year. All-in sustaining cash costs were 38% lower at $960 per ounce and within the company’s cash cost guidance of $950 to $1,050 per ounce. “The key drivers include consistently achieving our production and cost targets, increasing our cash position through strong internal cash generation, reducing debt and achieving success advancing our projects and drilling our exploration targets,” says Tony Makuch, president and chief executive officer of Lake Shore Gold. “An important strength of our company is that we are both a producer that generates free cash flow and a leading exploration and growth story in our sector.” Gold sales rose 65% to  43,000 ounces while cash flow from operating activities, not including working capital movements, of $24.9 million, more than double the level of last year’s comparative quarter, the company says. Lake Shore says they remain on pace to achieve their 2014 gold production guidance of 160,000 to 180,000 ounces of gold.

http://www.kitco.com/news/2014-05-07/KitcoNews-kitco-mining-minutes-May-07-2014.html
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« Reply #8 on: November 14, 2014, 12:11:34 PM »

I think this might be heading to over $1.00? What do you think Doc and V?
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« Reply #9 on: November 14, 2014, 01:21:53 PM »

I think this might be heading to over $1.00? What do you think Doc and V?

Possible but none of the metal stocks are going to do much until the bullion prices reverse and move up...
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« Reply #10 on: November 14, 2014, 02:26:02 PM »

I think this might be heading to over $1.00? What do you think Doc and V?

Possible but none of the metal stocks are going to do much until the bullion prices reverse and move up...

Wasn't gold up $25 today? Not watching it so not sure if its holding but it was earlier.

The market in general has been rising from a pinch that it was in so a correction should be close.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=1&dy=0&id=p91053068561

When the market goes down gold goes up, and that par sar on that chart looks like its ready to flip! 

What are the others you track acting like?
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« Reply #11 on: November 14, 2014, 04:39:26 PM »

I think this might be heading to over $1.00? What do you think Doc and V?

Possible but none of the metal stocks are going to do much until the bullion prices reverse and move up...

Wasn't gold up $25 today? Not watching it so not sure if its holding but it was earlier.

The market in general has been rising from a pinch that it was in so a correction should be close.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=1&dy=0&id=p91053068561

When the market goes down gold goes up, and that par sar on that chart looks like its ready to flip! 

What are the others you track acting like?

Yes, gold closed up good today but it needs more than one day of upward movement to effect the stocks... Gold has taken a beating lately so most stocks I follow are reacting the same... Hopefully we hit a bottom soon and reverse...
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« Reply #12 on: November 17, 2014, 10:47:09 AM »

Looking to buy in again if this pulls back to .77c.
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« Reply #13 on: April 07, 2015, 06:49:43 PM »


Lake Shore Gold Hits Q1 Gold Production Record


April 7, 2015
 
Lake Shore Gold Corporation produced a company record 53,000 ounces of gold during the first quarter of 2015, a year-on-year increase of 19%. The company sold 52,000 ounces of gold in the quarter at an average gold price of US$1,219 per ounce. Lake Shore Gold also highlighted a $15.5 million increase in cash and bullion to $77.0 million, as well as $4.3 million of debt repayments. “We had a very successful first quarter highlighted by strong production results, considerable growth in our cash position and further debt reduction,” says Tony Makuch, president and chief executive officer of Lake Shore Gold. “We also announced a significant increase in reserves and continued to advance the 144 Gap Zone. Our average grade for the quarter was the highest since we declared commercial production and reflected a combination of mine sequencing and improvements in grade control.” He adds that the company will be maintaining 2015 production guidance of 170,000 to 180,000 ounces of gold at all-in sustaining costs of US$950 to US$1,000 per ounce sold with total production costs of approximately $125.0 million.

http://www.kitco.com/news/2015-04-07/KitcoNews-kitco-mining-minutes-April-07-2015.html
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« Reply #14 on: March 10, 2016, 01:07:24 PM »

LAKE SHORE GOLD ANNOUNCES UPDATED RESOURCES AND RESERVES

March 10, 2016

Lake Shore Gold Corp. today announced results of the Company’s annual resource and reserve update for the Company’s mines in Timmins, Ontario, including Timmins West and Bell Creek. Timmins West is located approximately 18 kilometres west of the centre of Timmins and includes the Timmins, Thunder Creek, and 144 Gap deposits. The Bell Creek Mine includes the Bell Creek Deposit and is located approximately 20 kilometres east of the centre of Timmins at the same location as the Company’s milling facility.
At Timmins West, total resources are estimated at 903,400 ounces (5,775,000 tonnes at an average grade of 4.9 grams per tonne “gpt”) in the Indicated category and 429,300 ounces (2,671,000 tonnes at an average grade of 5.0 gpt) in the Inferred category. The new resource estimates compare to the previous estimates, released on March 12, 2015, of 694,600 ounces (4,539,000 tonnes at an average grade of 4.8 gpt) in the Indicated category and 259,700 ounces (1,631,000 tonnes at an average grade of 5.0 gpt) in the Inferred category. The increases from the previous year’s estimates result from the release of an initial resource at the Company’s 144 Gap Deposit on February 8, 2016, including 301,700 ounces (1,734,000 tonnes at an average grade of 5.4 gpt) of Indicated resources and 319,200 ounces (1,914,000 tonnes at an average grade of 5.2 gpt) of Inferred resources.

http://s1.q4cdn.com/849342973/files/doc_news/20160310.pdf

http://www.lsgold.com/Investor-Centre/Press-Releases/Press-Release-Details/2016/Lake-Shore-Gold-Announces-Updated-Resources-and-Reserves/default.aspx
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