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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

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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