Lake Shore Gold Corporation (LSG)

[New Waters]

LSG - $76 million of cash and gold bullion inventory

11.07.2012 - http://www.marketwire.com/mw/release.do?id=1723111&sourceType=3


TORONTO, ONTARIO--(Marketwire - Nov. 7, 2012) - Lake Shore Gold Corp. (TSX:LSG)(NYSE Amex:LSG)(NYSE MKT:LSG) ("Lake Shore Gold" or the "Company") today announced financial and operating results for the third quarter and first nine months of 2012. As previously announced, gold processed during the third quarter 2012 totaled 20,939 ounces from milling 193,999 tonnes at an average grade of 3.5 grams per tonne. A total of 20,665 ounces was poured during the third quarter, while the Company sold 20,450 ounces at an average price of US$1,665 per ounce. Cash costs for the third quarter were $105 per tonne and US$985 per ounce. Total capital expenditures, including exploration, for the first nine months of 2012 were $131.8 million, with the Company tracking to its target for the year of $170-$175 million. At November 6, 2012, the Company had approximately $76 million of cash and gold bullion inventory.

11/7/2012 10:22 PM

http://www.marketwire.com/mw/release.do?id=1723111&sourceType=3