Lake Shore Gold Reports First Quarter 2013 Production of 23,200 Ounces of Gold; Fell 5% To Near Yr Lows Monday
Lake Shore Gold Corp. (LSG.TO, LSG), which fell 5% and nearer to a year low 54 cents Monday, announced gold production for the first quarter 2013 of 23,200 ounces, an increase of 40% from the first quarter 2012. On its outlook, the company said it is on track for full-year 2013 production of 120,000 to 135,000 ounces of gold.
Average mill throughput for first quarter 2013 increased 25% from a year earlier to 2,200 tonnes per day, 2,500 tonnes per day in March.
Grades for first quarter 2013 rose 12% from first quarter 2012 and averaged 3.8 grams per tonne, with average grade in March of 4.0 grams per tonne
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.