San Gold, not so much

Lake Shore Gold produces 134,600 oz Au in 2013

2014-01-07 03:09 PT - News Release

Mr. Tony Makuch reports

LAKE SHORE GOLD ACHIEVES RECORD PRODUCTION OF 134,600 OUNCES IN 2013 AND 51,700 OUNCES DURING FOURTH QUARTER

Lake Shore Gold Corp. has released record results for both the full year and fourth quarter 2013.

Highlights:

• 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 totalled 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 Dec. 31, 2013, of approximately $34.0-million;
• Company targeting to grow production to 160,000 to 180,000 ounces of gold in 2014.