Lake Shore Gold Production on Track with 23,200 Ounces of Gold in Q1

Lake Shore Gold Corp. (TSX:LSG, AMEX:LSG, NYSE:LSG) announced production results for first quarter in 2013.

As quoted in the press release:

• Gold production for first quarter 2013 of 23,200 ounces, an increase of 40% from the first quarter 2012.
• Average mill throughput for first quarter 2013 increased 25% from a year earlier to 2,200 tonnes per day, 2,500 tonnes per day in March
• Grades for first quarter 2013 rose 12% from first quarter 2012 and averaged 3.8 grams per tonne, with average grade in March of 4.0 grams per tonne
• Company on track for full-year 2013 production of 120,000 to 135,000 ounces of gold.

Lake Shore’s President and CEO, Tony Makuch, said:

We had a strong finish to the first quarter of 2013 with average throughput in March at 100% of capacity and an average grade for the month of 4.0 grams per tonne. For the full quarter, average daily throughput increased 25% from the first quarter of last year, our average grade rose 12% and production ounces were 40% higher. Throughput during the first quarter averaged 2,200 tonnes per day mainly due to the impact of very cold winter conditions and unplanned maintenance in the crushing circuit during February.

To view the whole press release, click here.