Lake Shore Gold Corporation (LSG)

[NYBob]

Exciting years' for Lake Shore Gold 3 -
Daily Press mobile multimedia journalist Ron Grech.
By Ron Grech, The Daily Press (Timmins)
Thursday, April 24, 2014 9:30:42 EDT PM


Dan Gagnon, Lake Shore Gold’s senior vice-president of operations,
was the keynote speaker at a Timmins Chamber of Commerce luncheon
held Thursday at the Schumacher Lions Den.
Addressing an audience of about 30 local business people,
Gagnon outlined Lake Shore’s past year achievements and offered
a forecast of the mine’s operations over the coming year.

TIMMINS - Dan Gagnon held a captive audience of local business
owners as he talked about the prospects of
Lake Shore Gold’s “continuous improvement and growth”
filtering down to the community.

“I think we’ve had an exciting couple of years, definitely
breakthrough year for us in 2013,” said Gagnon, who is
Lake Shore Gold’s senior vice-president of operations.

“We saw a steady increase in production.
We started generating free cash flow, so we’re now a business
that can fund its own projects ...

We’ve basically gone from 85,000 ounces a year in 2012, to
135,000 in 2013, to
160,000 to
180,000 (anticipated this year).”

Gagnon was the keynote speaker at a Timmins Chamber of Commerce
luncheon held Thursday at the Schumacher Lions Den.

Asked if there were opportunities for small local businesses
to prosper from the growth in operations at
Lake Shore Gold, Gagnon replied, “Definitely.

In 2012, for example, we spent $130 million locally.
That was 60% of our spending which was basically local with
all the suppliers that you see off Algonquin Boulevard.

There is a big push for us to support the local, then
the Northern and then Ontario.”

Lake Shore operates two mines at opposite ends of the city.
Bell Creek is approximately 20 kilometres northeast of Timmins, while
Timmins West is located near the junction of highways 101 and 144.

Lake Shore has committed about $10 million diamond drilling and
development within the mine sites, said Gagnon. However,
an additional multi-million dollar budget has been
allocated to do further exploration.

“We are putting a lot of effort this year on exploration and not
just in mine exploration but basically looking at our favourable
targets to be able to find the next mine,” said Gagnon.

“We want to really focus on producing what we say we’re going
to produce, but also build our future.

So this will be an exciting year in 2014 as we get the company’s
support to increase exploration to add mine life which will
in turn benefit the company, benefit our shareholders,
our employees and the community as a whole.”

Gagnon said his speaking engagement with Timmins Chamber of
Commerce members reflects a steady interest expressed within
the community to learn more about Lake Shore Gold.

“I think they see the benefit of having operations like ours,
with the employment levels we provided and the services that
we require,” he said.

“Two weeks ago, I was sharing this type of information at
the Porcupine Geological Symposium. Today (Thursday) I’m here.
In a couple of weeks, I’ll be at a mining show sharing
that information.

I think it’s good for us. We are a public company and we’d like to
have more shareholders who see our company as a great place to
invest their money because I think we’re only going to go up from
here.

http://www.timminspress.com/2014/04/24/exciting-years-for-lake-shore-gold

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101226794
God Bless