Market Overview

Lake Shore Gold's Preliminary 2013 Operating Cost/Ounce is $770 vs Guidance of $800-$875

Lake Shore Gold (NYSE MKT: LSG) today announced preliminary cash operating cost(1) and all-in sustaining cost(2) per ounce sold for the full-year and fourth quarter 2013. Final numbers for these measures will be available in March 2014 following completion of the Company's year-end 2013 audit. Preliminary cash operating cost per ounce sold for the full-year 2013 is approximately US$770 (including US$32 per ounce for royalties), better than the Company's guidance of US$800 - US$875. All-in sustaining cost for the year is expected to be approximately US$1,135 per ounce sold. Preliminary total production costs for 2013 are estimated at $107.0 million. For the fourth quarter 2013, cash operating cost per ounce sold is expected to be approximately US$605 per ounce (including US$29 per ounce for royalties), based on preliminary total production costs of $31.5 million. All-in sustaining cost for the fourth quarter of 2013 is expected to be approximately US$835 per ounce sold.

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Posted-In: News Guidance Offerings Management Global

 

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