Lake Shore Gold Corporation (LSG)

[MoneyJames]

Lake Shore Gold Achieves 2012 Production Target, Company Poised for Sharply Higher Production and Lower Costs in 2013

http://www.marketwire.com/press-release/lake-shore-gold-achieves-2012-production-target-company-poised-sharply-higher-production-tsx-lsg-1744665.htm

January 10, 2013 17:50 ET

TORONTO, ONTARIO--(Marketwire - Jan. 10, 2013) - Lake Shore Gold Corp. (TSX:LSG)(NYSE Amex:LSG)(NYSE MKT:LSG) ("Lake Shore Gold" or the "Company") today released operating results for the full year and fourth quarter 2012 and announced production and cost guidance for 2013.

Highlights
•Gold production in 2012 of 85,782 ounces (719,298 tonnes @ 3.9 grams per tonne), with gold poured from 2012 production of 85,184 ounces, in line with Company guidance


•Gold production in fourth quarter 2012 totaling 23,738 ounces (181,575 tonnes @ 4.2 grams per tonne), with gold poured of 24,041 ounces


•Key 2012 mine development and expansion objectives achieved with mining and milling capacity increased 25% to 2,500 tonnes per day (on track to reach 3,000 tonnes per day during second quarter 2013)


Source:
http://www.marketwire.com/press-release/lake-shore-gold-achieves-2012-production-target-company-poised-sharply-higher-production-tsx-lsg-1744665.htm