CA5107281084 Lake Shore Gold

buran und MfG  

Datum Erster Hoch Tief Schluss     Stücke Volumen
  18.06.14     0,877    0,8865§0,854 0,8801 $ 226.064 197 T

GrB  

Datum Erster Hoch Tief Schluss     Stücke Volumen
  18.06.14     0,633     0,649§0,633 0,649 € 3.400 2.159

buran & Tante Tradegate,Die Börsen Eierlikörchen Tanten Runde  

Datum Erster Hoch Tief Schluss     Stücke Volumen
  20.06.14      0,93    0,9488§0,70 0,70 $ 5.021.592 1,52 M

GrB  

Datum Erster Hoch Tief Schluss     Stücke Volumen
  20.06.14      0,67      0,68§0,67 0,68 € 13.268 9.022

GrB  

Price0.99Change-0.02
Volume4,372,256% Change-1.98%
Intraday High1.0252 Week High1.02
Intraday Low0.9752 Week Low0.16
Today's Open1.00Previous Close1.01
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2013
2012
2011
http://www.lsgold.com/Investor-Centre/Form-40-Fs/default.aspx  

INFORMATION CIRCULARS/PROXY

April 7, 2014Management Information Circular417 KB
April 19, 2013Management Information Circular476 KB
April 5, 2012Management Information Circular711 KB
March 25, 2011Management Information Circular 310 KB
March 20, 2010Management Information Circular215 KB
March 20, 2009Management Information Circular274 KB
March 31, 2008Management Information Circular 301 KB
March 21, 2007Management Information Circular 485 KB
http://www.lsgold.com/Investor-Centre/...-CircularsProxy/default.aspx  

March 31, 2014Annual Information Form543 KB
March 22, 2013Annual Information Form691 KB
March 26, 2012Annual Information Form628 KB
March 30, 2011Annual Information Form722 KB
March 10, 2010Annual Information Form418 KB
March 12, 2009Annual Information Form 252 KB
March 19, 2008Annual Information Form288 KB
March 19, 2007Annual Information Form210 KB
http://www.lsgold.com/Investor-Centre/...formation-Forms/default.aspx  

Lake Shore Gold will provide to all shareholders, upon request, a hard copy of the Company's Annual Report, including the Complete audited financial statements, free of charge. Email your request for a copy using the Contact Us section of this website.
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2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
QUARTERLY REPORTS

First Quarter Financial Statements and Notes (PDF 119 KB)
First Quarter Management's Discussion & Analysis (PDF 352 KB)
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Operating and Financial Results

05/06/2014
Download this Press Release (PDF 262 KB)
TORONTO, ONTARIO -- (Marketwired -- May 6, 2014) -- Lake Shore Gold Corp. (TSX:LSG) (NYSE MKT:LSG) ("Lake Shore Gold" or the "Company") today announced financial and operating results for the first quarter of 2014. Full details of the results are provided in the Company's Management's Discussion & Analysis, which is available on the Company's website at www.lsgold.com and on SEDAR at www.sedar.com.

Key highlights of the results include:

Gold production of 44,600 ounces (283,800 tonnes @ 5.1 grams per tonne), a 92% increase from the first quarter of 2013 ("Q1/13")

Gold poured of 45,700 ounces, more than double the 20,530 ounces poured in Q1/13

Gold sales of 43,000 ounces, 65% higher than in Q1/13

Cash operating cost(1) of US$621 per ounce sold, a 37% improvement from Q1/13 and below full-year 2014 guidance of US$675 - US$775 per ounce

All-in sustaining cost(2) of US$960 per ounce sold, 38% better than in Q1/13 and in the low end of the Company's full-year 2014 guidance of US$950 - US$1,050 per ounce

Total production costs of $29.6 million compared to $26.1 million in Q1/13 reflecting higher volumes

Cash earnings from mine operations(3) of $32.0 million, a 90% improvement from Q1/13

Net earnings of $4.7 million compared to net loss of $0.6 million in Q1/13

Cash flow from operating activities, not including working capital movements, of $24.9 million, more than double the level in Q1/13

Capital expenditures of $13.0 million, in line with target levels and down 66% from Q1/13

Total debt repayments of $3.7 million

New exploration program leads to identification of new high-grade structures near current mining operations at Bell Creek.

Cash and Bullion

The Company's cash position strengthened during the first quarter of 2014 and has continued to improve during the second quarter of the year. As at May 6, 2014, cash and bullion totaled approximately $48 million, an increase of $14 million from the beginning of the year.

Tony Makuch , President and CEO of Lake Shore Gold, commented: "We reported strong results in the first quarter of 2014 and continued to execute our plan to grow the value of our company. The key drivers include consistently achieving our production and cost targets, increasing our cash position through strong internal cash generation, reducing debt and achieving success advancing our projects and drilling our exploration targets. An important strength of our company is that we are both a producer that generates free cash flow and a leading exploration and growth story in our sector.

"Based on our first quarter results, our production is tracking to the top end of our full-year guidance for 2014. Our cash operating costs during the first quarter were better than our target range for the full year, while all-in sustaining costs were at the low end of expected levels. We have increased our cash and bullion, which today stands at close to $50 million, and have repaid around $5.0 million of debt so far this year ($3.7 million during the first quarter). In addition, from a new drill program launched in January, we have already reported encouraging drill results at the Bell Creek Labine Deposit."

Outlook

At the end of the first quarter of 2014, the Company was on track to achieve its guidance for the year, including:

Gold production of 160,000 - 180,000 ounces;

Average mill throughput of 3,200 to 3,300 tonnes per day;

Average grade of 4.5 to 5.0 grams per tonne;

Cash operating cost per ounce sold of US$675 to US$775;

All-in sustaining cost per ounce sold between US$950 and US$1,050;

Total production costs of $128.0 million;

Total principal debt repayments of $20 to $25 million;

Increasing cash position (cash and bullion of approximately $48 million at May 6, 2014 compared to $34 million at December 31, 2013); and

Exploration success from a drill program launched in January at Timmins West and Bell Creek mines aimed at identifying new areas of mineralization and replenishing resources.

This Company's Outlook section contains forward-looking information within the meaning of certain securities laws. The Outlook section, also included in the Company's MD&A, represents the Company's guidance and forms the basis for most of the forward-looking information disclosed elsewhere in these documents and in other areas such as other press releases, newsletters, fact sheets and the Company's website. Readers are directed to the Forward-Looking Statements advisory at the end of this press release for cautionary language relating to forward-looking information.

Conference Call & Webcast

Lake Shore Gold will also host a conference call and webcast on Wednesday, May 7, 2014 at 3 pm EST to discuss the Company's first quarter financial and operating results (see call-in numbers below). The call will also be webcast and available on the Company's website.

Participant call-in: 416-340-2216 or 866-223-7781
Replay number: 905-694-9451 or 800-408-3053
Re-dial ID: 4840351
Available until: 11:59 pm (May 14, 2014)
Qualified Person

Scientific and technical information contained in this press release related to reserves has been reviewed and approved by Dan Gagnon , P.Geo., Senior Vice-President, Operations, and Natasha Vaz , P.Eng., Vice-President, Technical Services, both of whom are employees of Lake Shore Gold Corp., and "qualified persons" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

Scientific and technical information related to resources, drilling and all matters involving mine production geology contained in this press release, or source material for this press release, was reviewed and approved by Eric Kallio , P.Geo., Vice-President, Exploration. Mr. Kallio is an employee of Lake Shore Gold Corp., and is a "qualified person" as defined by NI 43-101.

About Lake Shore Gold

Lake Shore Gold is a gold mining company that is in production and is generating net free cash flow from its wholly owned operations in the Timmins Gold Camp. The Company is in production at both the Timmins West and Bell Creek mines, with material being delivered for processing to the Bell Creek Mill. In addition to current operations, the Company also has a number of highly prospective projects and exploration targets, all located in and around the Timmins Camp. The Company's common shares trade on the TSX and NYSE MKT under the symbol LSG.

Footnotes

Cash operating costs and cash operating cost per ounce are Non-GAAP measures. In the gold mining industry, cash operating costs and per ounce are common performance measures but do not have any standardized meaning. Cash operating costs are derived from amounts included in the Consolidated Statements of Comprehensive Income (Loss) and include mine site operating costs such as mining, processing and administration as well as royalty expenses, but exclude depreciation, depletion and share-based payment expenses and reclamation costs. Cash operating costs per ounce are based on ounces sold and are calculated by dividing cash operating costs by commercial gold ounces sold; US$ cash operating costs per ounce sold are derived from the cash operating costs per ounce sold translated using the average Bank of Canada C$/US$ exchange rate. The Company discloses cash operating costs and per ounce as it believes the measures provide valuable assistance to investors and analysts in evaluating the Company's operational performance and ability to generate cash flow. The most directly comparable measure prepared in accordance with GAAP is total production costs. A reconciliation of cash operating cost per ounce to amounts included in the Consolidated Statements of Comprehensive Loss (Income) for the three months ended March 31, 2014 and 2013 is set out on page 14 of the Company's MD&A filed on SEDAR at www.sedar.com and at www.lsgold.com.

All-in sustaining costs and all-in sustaining cost per ounce are Non-GAAP measures. These measures are intended to assist readers in evaluating the total costs of producing gold from current operations. While there are no standardized meanings across the industry for these measures, the Company's definitions conform to the all-in sustaining costs definition as set out by the World Gold Council in its guidance note dated June 27, 2013. The Company defines all-in sustaining costs as the sum of production costs, sustaining capital (capital required to maintain current operations at existing levels), corporate general and administrative expenses, in-mine exploration expenses and reclamation cost accretion related to current operations. All-in sustaining costs exclude growth capital, reclamation cost accretion not related to current operations, interest expense, debt repayment and taxes. The costs included in the calculation of all-in sustaining costs are divided by commercial gold ounces sold; US$ all-in sustaining cost per ounce sold is translated using the average Bank of Canada C$/US$ exchange rate . A reconciliation of all-in sustaining cost per ounce to amounts included in the Consolidated Statements of Comprehensive Loss (Income) for the three months ended March 31, 2014 and 2013 is set out on page 14 of the Company's MD&A filed on SEDAR at www.sedar.com and at www.lsgold.com.

Cash earnings from mine operations is a Non-GAAP measure determined by deducting cash operating costs from revenues recognized in the period. The Company discloses cash earnings from mine operations as it believes this measure provides valuable assistance to investors and analysts in evaluating the Company's ability to finance its ongoing business and capital activities. The most directly comparable measure prepared in accordance with GAAP is earnings from mine operations. A reconciliation of cash earnings from mine operations to amounts included in the Consolidated Statements of Comprehensive Loss (Income) for the three months ended March 31, 2014 and 2013 is set out on page 14 of the Company's MD&A filed on SEDAR at www.sedar.com and at www.lsgold.com.

FORWARD-LOOKING STATEMENTS

All statements, other than statements of historical fact, contained or incorporated by reference in this press release including, but not limited to, any information as to the future financial or operating performance of Lake Shore Gold Corp., constitute "forward-looking information" or "forward-looking statements" within the meaning of certain securities laws, including the provisions of the Securities Act (Ontario) and the provisions for "safe harbour" under the United States Private Securities Litigation Reform Act of 1995, and are based on expectations, estimates and projections as of the date of this press release or, in the case of documents incorporated by reference herein, as of the date of such documents. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada and the SEC in the United States.

Other than as specifically required by law, the Company does not intend, and does not assume any obligation, to explain any material difference between subsequent actual events and such forward-looking statements, or to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results or otherwise. These forward-looking statements represent management's best judgment based on facts and assumptions that management considers reasonable, including that: there are no significant disruptions affecting operations, whether due to labour disruptions, supply disruptions, power disruptions, damage to equipment or otherwise; permitting, development, operations, expansion and acquisitions at the Timmins Gold Complex continue on a basis consistent with the Company's current expectations; permitting, development and operations at the Bell Creek Complex continue on a basis consistent with the Company's current expectations; the exchange rate between the Canadian dollar and the U.S. dollar stays approximately consistent with current levels; certain price assumptions for gold and silver hold true; prices for fuel, electricity and other key supplies remains consistent with current levels; production and cost of sales forecasts meet expectations; the accuracy of the Company's current mineral reserve and mineral resource estimates hold true; and labour and materials costs increase on a basis consistent with the Company's current expectations. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions.

Forward-looking statements include, but are not limited to, possible events, statements with respect to possible events, statements with respect to the future price of gold and other metals, the estimation of mineral resources and reserves, the realization of mineral reserve and resource estimates, the timing and amount of estimated future production, costs of production, expected capital expenditures, costs and timing of the development of new deposits, success of exploration and development activities, permitting time lines, currency fluctuations, requirements for additional capital, government regulation of exploration and mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims, completion of acquisitions and their potential impact on the Company and its operations, limitations on insurance coverage and the timing and possible outcome of pending litigation. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. As well as those factors discussed in the section entitled "Risk Factors" in this press release and the Company's most recently filed AIF, known and unknown risks which could cause actual results to differ materially from projections in forward-looking statements include, among others: fluctuations in the currency markets; fluctuations in the spot and forward price of gold or certain other commodities (such as diesel fuel and electricity); changes in interest rates; changes in national and local government legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico or other countries in which the Company may carry on business in the future; business opportunities that may be presented to, or pursued by, the Company; the Company's ability to successfully integrate acquisitions; operating or technical difficulties in connection with mining or development activities; employee relations; the speculative nature of gold exploration and development, including the risks of obtaining necessary licenses and permits; diminishing quantities or grades of reserves; and contests over title to properties, particularly title to undeveloped properties. In addition, there are risks and hazards associated with the business of gold exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance, or the inability to obtain insurance, to cover these risks).

Although the Company has attempted to identify important factors (which it believes are reasonable) that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

FOR FURTHER INFORMATION PLEASE CONTACT:
Tony Makuch
President & CEO
(416) 703-6298

Mark Utting
Vice-President, Investor Relations
Lake Shore Gold
(416) 703-6298
Website: www.lsgold.comhttp://www.lsgold.com/...Financial-Results/default.aspx  

Lake Shore Gold Announces Results of Shareholders' Meeting

05/07/2014
Download this Press Release (PDF 167 KB)
TORONTO, ONTARIO -- (Marketwired -- May 7, 2014) -- Lake Shore Gold Corp. (TSX:LSG) (NYSE MKT:LSG) ("Lake Shore Gold" or the "Company") is pleased to announce that all matters presented for approval at the Company's Annual General Meeting of shareholders, held on May 7, 2014, have been duly authorized and approved, as follows:

(i) setting the number of directors at seven and election of Lake Shore Gold's nominees to the board of directors of the Company; and

(ii) appointment of Deloitte LLP as auditors of the Company for the ensuing year and authorization of the directors to fix their remuneration.

Detailed voting results for the election of directors (based on proxy returns) were as follows:

      Name§Shares Voted Shares Withheld
Alan Moon 112,536,501 1,352,606
Arnold Klassen 113,382,795 506,312
Jon Gill 113,545,791 343,316
Frank Hallam 65,480,238 48,412,869
Peter Crossgrove 64,523,841 49,365,266
Anthony Makuch 113,436,628 452,479
Diane Francis 112,056,891 1,832,216
About Lake Shore Gold

Lake Shore Gold is a gold mining company that is in production and is generating net free cash flow from its wholly owned operations in the Timmins Gold Camp. The Company is in production at both the Timmins West and Bell Creek mines, with material being delivered for processing to the Bell Creek Mill. In addition to current operations, the Company also has a number of highly prospective projects and exploration targets, all located in and around the Timmins Camp. The Company's common shares trade on the TSX and NYSE MKT under the symbol LSG.

FOR FURTHER INFORMATION PLEASE CONTACT:

Tony Makuch
President & CEO
(416) 703-6298

Mark Utting
Vice-President, Investor Relations
Lake Shore Gold Corp.
(416) 703-6298
Website: www.lsgold.comhttp://www.lsgold.com/...reholders-Meeting/default.aspx  

05/22/2014
Download this Press Release (PDF 167 KB)
TORONTO, ONTARIO -- (May 22, 2014) - Lake Shore Gold Corp. ("Lake Shore Gold" or the "Company") (TSX:LSG)(NYSE MKT:LSG) announced today that Dan Gagnon , Senior Vice-President, Operations will leave the Company effective June 30, 2014.

Tony Makuch , President and CEO of Lake Shore Gold, commented: "I want to thank Dan for his efforts and contribution during his time with Lake Shore Gold and we wish him all the best in his future endeavours.

"Looking at our company, we have strong management and operating teams with significant depth and experience which will support a seamless transition following Dan's departure. Our company is performing very well and we remain on track to meet or exceed our key performance targets in 2014, and to continue to build our cash and bullion, which currently totals more than $50 million."

About Lake Shore Gold

Lake Shore Gold is a gold mining company that is in production and is generating net free cash flow from its wholly owned operations in the Timmins Gold Camp. The Company is in production at both the Timmins West and Bell Creek mines, with material being delivered for processing to the Bell Creek Mill. In addition to current operations, the Company also has a number of highly prospective projects and exploration targets, all located in and around the Timmins Camp. The Company's common shares trade on the TSX and NYSE MKT under the symbol LSG.

FORWARD-LOOKING STATEMENTS

Certain statements in this press release relating to the Company's expected production levels, production growth, exploration activities, potential for increasing resources, project expenditures and business plans are "forward-looking statements" or "forward-looking information" within the meaning of certain securities laws, including under the provisions of Canadian provincial securities laws and under the United States Private Securities Litigation Reform Act of 1995 and are referred to herein as "forward-looking statements." The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable, including that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts, labour disturbances, interruption in transportation or utilities, or adverse weather conditions, that there are no material unanticipated variations in budgeted costs, that contractors will complete projects according to schedule, and that actual mineralization on properties will be consistent with models and will not be less than identified mineral reserves. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, delays in development or mining and fluctuations in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in the Company's most recent Annual Information Form and other regulatory filings with the Canadian Securities Administrators, which are posted on SEDAR at www.sedar.com, or the Company's most recent Annual Report on Form 40-F and other regulatory filings with the Securities and Exchange Commission.


For further information, please contact:

Tony Makuch
President & CEO
(416) 703-6298

Mark Utting
Vice-President, Investor Relations
Lake Shore Gold Corp.
(416) 703-6298
Website: www.lsgold.comhttp://www.lsgold.com/...Management-Change/default.aspx  

Lake Shore Gold Announces $10 Million Debt Prepayment Driven by Continued Strong Operating Results and Increasing Cash Position

06/05/2014
Download this Press Release (PDF 173 KB)
TORONTO, ONTARIO -- (June 5, 2014) -- Lake Shore Gold Corp. ("Lake Shore Gold" or the "Company") (TSX:LSG)(NYSE MKT:LSG) announced today that, on June 4, 2014, the Company made a $10 million prepayment on its standby line of credit ("standby line") with Sprott Resource Lending Partnership ("Sprott"), reducing the outstanding principal on the standby line from $30 million to $20 million. Under terms of the credit facility agreement with Sprott, the Company is entitled to prepay up to $10 million of the standby line in 2014 without penalty. The prepayment brings total debt repayments to date in 2014 to approximately $16 million, with the other $6 million related to monthly payments on the Company's gold loan, also with Sprott. The remaining principal owing on the gold loan totals approximately $15 million, with the total debt owing to Sprott having been reduced to approximately $35 million.

Supported by strong operating results, the Company's cash position has grown significantly, with cash and bullion increasing from a low of $15 million at the end of September 2013, to approximately $55 million at June 3, 2014. Based on the progress made with strengthening its balance sheet, the $10 million prepayment was made on June 4, 2014. Production in the first quarter of 2014 totaled 44,600 ounces, with the Company on track to exceed that level of production in the second quarter of the year. The Company's operating results for the second quarter of 2014 will be released in early July.

Excluded from the $55 million of cash and bullion at June 3, 2014 was an additional $5 million raised through a non-brokered flow-through financing completed on May 22, 2014. The financing, which will fund drilling outside the Company's current operating mines, is part of a plan to advance the Company's projects and to begin to realize the significant potential of its highly prospective exploration properties.

Tony Makuch , President and CEO of Lake Shore Gold, commented: "Our operating results continue to be strong, with both our mines and our mill performing very well. Solid production, coupled with low unit operating costs, have driven our cash and bullion higher and positioned us to make the $10 million prepayment on our standby line. Following this payment, we have total cash and bullion of approximately $50 million and expect to grow our cash position throughout the year through internally generated cash flow. With our strengthening balance sheet, we are well financed to fund all of our capital, operating and exploration programs through the end of 2014 while also continuing to pay down debt, with a target for total debt repayments in 2014 of $25 million.

"Going forward, our overriding priority remains to build on our growing track record of meeting and exceeding our production and cost targets, which is the key to further growth in our cash position and additional debt reduction. We are also drilling to extend mine life at both our Timmins West and Bell Creek mines, with a goal of at least replacing the reserves we mine each year going forward. In addition, supported by our recent flow-through financing, we are planning to resume work in order to advance our projects, to more fully realize and demonstrate their value potential, and to bring exploration excitement back into our company. We have a number of highly prospective exploration properties, with the 144 property, located directly adjacent to Thunder Creek, expected to be a primary target for drilling over the remainder of this year and next."

About Lake Shore Gold

Lake Shore Gold is a gold mining company that is in production and is generating net free cash flow from its wholly owned operations in the Timmins Gold Camp. The Company is in production at both the Timmins West and Bell Creek mines, with material being delivered for processing to the Bell Creek Mill. In addition to current operations, the Company also has a number of highly prospective projects and exploration targets, all located in and around the Timmins Camp. The Company's common shares trade on the TSX and NYSE MKT under the symbol LSG.

FORWARD-LOOKING STATEMENTS

Certain statements in this press release relating to the Company's expected production levels, production growth, exploration activities, potential for increasing resources, project expenditures and business plans are "forward-looking statements" or "forward-looking information" within the meaning of certain securities laws, including under the provisions of Canadian provincial securities laws and under the United States Private Securities Litigation Reform Act of 1995 and are referred to herein as "forward-looking statements." The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable, including that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts, labour disturbances, interruption in transportation or utilities, or adverse weather conditions, that there are no material unanticipated variations in budgeted costs, that contractors will complete projects according to schedule, and that actual mineralization on properties will be consistent with models and will not be less than identified mineral reserves. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, delays in development or mining and fluctuations in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in the Company's most recent Annual Information Form and other regulatory filings with the Canadian Securities Administrators, which are posted on SEDAR at www.sedar.com, or the Company's most recent Annual Report on Form 40-F and other regulatory filings with the Securities and Exchange Commission.

For further information, please contact:

Tony Makuch
President & CEO
(416) 703-6298

Mark Utting
Vice-President, Investor Relations
Lake Shore Gold Corp.
(416) 703-6298
Website: www.lsgold.comhttp://www.lsgold.com/...ing-Cash-Position/default.aspx  

http://www.lsgold.com/Investor-Centre/Press-Releases/default.aspx GrB  

HEAD OFFICE, TORONTO

181 University Avenue, Suite 2000
Toronto, Ontario, Canada M5H 3M7
Telephone: 416-703-6298
Fax: 416-703-7764
Toll Free: 877-703-6298

Investor Relations

Mark Utting
Vice-President, Investor Relations
Telephone: 416-703-6298
Fax: 416-703-7764

TIMMINS OPERATIONS

Timmins West Complex
8215 Hwy 101 West
Timmins, Ontario, Canada
Fax: 705-269-4345

Bell Creek Complex
3160 Florence Street
Porcupine, Ontario, Canada
Fax: 705-269-4978

Exploration Office
1515 Government Road South
Timmins, Ontario, Canada
Fax: 705-268-1794

General Contact Information
Mailing address:
Lake Shore Gold Corp.
P.O. Box 1067
Timmins, Ontario, P4N 2G0
Telephone: 705-269-4344

For inquiries related to shares, certificates, transfers, change of address or account information, please contact Computershare Trust Company at:
Toll-free within North America 1 (800) 564-6253
International (514) 982-7555
email: service@computershare.com
or manage your shares online at Computershare's Investor Centre at:
www-us.computershare.com/investor
http://www.lsgold.com/Contact-Us/default.aspx  

explorer for gold and base metals in the Canadian Shield. Through business arrangements with Aurora Platinum Corp., the Company was able to secure both the technical expertise and a portfolio of prospective mineral properties from the moment of its inception.http://www.lsgold.com/Our-Company/History/default.aspx
 

the principal gold camps of the Abitibi Belt and in western greenstone belts in the northwest of Ontario and western Québec. Through its early acquisition of the Timmins West Gold Property, the Company quickly established itself as an aggressive junior exploration company holding an interest in a defined high-grade resource.http://www.lsgold.com/Our-Company/History/default.aspx
 

2003

In May, the Company enters into an option agreement with Holmer Gold Mine Limited to acquire an interest in the Timmins Gold Project (current Timmins Deposit).

2004

In September, the Company announced an updated indicated resource of 1,369,000 tonnes at a cut grade of 10.96 grams per tonne for 482,000 ounces. In December, Lake Shore Gold acquired all outstanding shares of Holmer, giving it 100% ownership of Timmins Gold Project.

2005

In March, the Company purchases interest in Vogel gold property near Bell Creek. In December, the Company signed 20-year lease agreement to acquire the Schumacher estate property.

2006

In December, the Company announced an updated indicated resource at the Timmins Gold Project of 3,268,000 tonnes at a cut grade of 8.62 grams per tonne for 905,000 ounces and an inferred resource of 968,000 tonnes at a cut grade of 5.54 grams per tonne for 174,700 ounces.

2007

In January, Lake Shore Gold signed agreement to acquire Bell Creek Mine and Mill. The transaction was completed in December 2007. In August, a prefeasibility study for the Timmins West project was released, including an initial probable reserve of 3,386,000 tonnes at a cut grade of 7.59 grams per tonne for 826,000 ounces. In December, Lake Shore Gold completed the requirements to vest a 60% interest in Thunder Creek from West Timmins Mining Inc.

2008

In February 2008, Lake Shore Gold entered into a strategic alliance with Hochschild Mining plc through which Hochschild obtained a 19.99% interest in the Company (28.2 million common shares at $2.30 per share).

In June, Hochschild acquired an additional 32.9 million common shares at a price of $2.40 per share for total consideration of $79.0 million (a further 11.8 million common shares were acquired by Hochschild from FNX Mining Company later that month).

2009

In November, Lake Shore Gold acquired the outstanding shares of West Timmins Mining Inc., thereby acquiring 100% of the Thunder Creek property as well as other land positions in Timmins and in Mexico. In December, 28 km2 surrounding Bell Creek acquired from Goldcorp.

2010

In November, Hochschild sold 109,000,000 common shares of the Compay (remaining shares in Lake Shore Gold sold in February 2011).

In December, an initial inferred resource at Bell Creek Mine was announced totaling 8,427,000 tonnes at 4.40 grams per tonne for 1,192,900 ounces with measured and indicated resources of 1,790,000 tonnes at 4.36 grams per tonne for 251,200 ounces.

2011

In January, commercial production was declared at the Timmins West Mine (Timmins Deposit).

In August, the Company acquired from Barrick Gold Corporation the Fenn-Gib open-pit project for 14.9 million common shares of LSG.

On November 16, 2011, the Company released a large, high-grade initial resource for the Thunder Creek project, including 2,877,000 tonnes at 5.64 grams per tonne for 521,600 ounces in the indicated category and 2,693,000 tonnes at 5.89 grams per tonne for 510,000 ounces in the inferred category.

In November, the Company announced an initial resource for Fenn-Gib including 40,8 million tonnes grading 0.99 grams per tonne for 1.30 million ounces in the indicated category and 24.5 million tonnes at 0.95 grams per tonne for 0.75 million ounces in the inferred category.

2012

In January, Timmins Deposit and Thunder Creek Deposit were combined into a single operation called the Timmins West Mine. Commercial production was declared at Timmins West Mine and Bell Creek Mine effective January 1, 2012.

In February, the Company released an updated resource estimate for Timmins West Mine totaling 1,122,500 ounces of gold (5,826,000 tonnes grading 5.99 grams per tonne) in the indicated category and 791,500 ounces of gold (4,272,000 tonnes grading 5.76 grams per tonne) in the inferred category.

In February, the Company announced that it had nearly tripled the ounces in resource and doubled the grade at the Gold River Trend, with the new resource totaling 117,400 ounces of gold (690,000 tonnes grading 5.29 grams per tonne) in the indicated category and 1,027,800 ounces of gold (5,273,000 tonnes grading 6.06 grams per tonne) in the inferred category.

In February, a Preliminary Economic Assessment (“PEA”) was released for Timmins West Mine, with key estimates including 10 years of production with 1.4 million ounces produced over that period; average cash operating costs of US$625 per ounce, and favourable project economics based on a number of pricing and exchange rate assumptions.

In March, the Company announced more than a 150% increase in measured and indicated resources at the Bell Creek Mine, to 646,400 ounces (4,249,000 tonnes grading 4.73 grams per tonne) with inferred resources of 953,800 ounces (6,088,500 tonnes grading 4.87 grams per tonne).

In April, the Company announced a new reserve for the Timmins West Mine totaling 823,800 ounces (4,922,000 tonnes grading 5.21 grams per tonne).

In September, the Company issued convertible debentures for an aggregate principal amount of $103.5 million.

2013

In March, the Company announced updated reserves and resources. Total reserves at Timmins West Mine were 4,811,000 tonnes at an average grade of 5.2 grams per tonne for 798,000 ounces. An initial reserve was also announced for Bell Creek Mine, including 960,000 tonnes at an average grade of 4.2 gram per tonne for 129,000 ounces.

Updated resources (inclusive of reserves) included measured and indicated resources at Timmins West Mine of 5,978,000 tonnes at an average grade of 5.5 grams per tonne for 1,061,000 ounces and at Bell Creek Mine of 4,685,000 tonnes at 4.7 gram per tonne for 710,000 ounces at Bell Creek Mine. Inferred resources included 3,549,000 tonnes at 5.4 grams per tonne at Timmins West Mine and 6,080,000 tonnes at 4.6 grams per tonne for 904,000 ounces at Bell Creek Mine. Resources at all other projects and properties remained unchanged from the 2012 estimates.

During the third quarter of 2013, the Company completed 50% expansion of its milling facility, from 2,000 tonnes per day to 3,000 tonnes per day. The expansion was completed in two phases, with throughput increasing to 2,500 tonnes per day at the end of 2012 and then increasing further to 3,000 tonnes per day in September 2013. Following completion of the expansion, the Company achieved record quarterly production of 51,700 ounces during the fourth quarter of 2013. Average throughput was 3,500 tonnes per day, above target levels as the Company processed both mine production and ore in stockpiles built up during mill commissioning.http://www.lsgold.com/Our-Company/History/default.aspx  

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