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LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

Metals & Mining Gold


TSX:LSG.DB - Post by User

LAKE SHORE GOLD CORP 6.25 PCT DEBS
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Comment by knowsnothing613on Jul 21, 2011 5:19pm
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Post# 18858834

RE: RE: RE: Pure BS Harjay?

RE: RE: RE: Pure BS Harjay?Can you ask you buddy, the LSG manager, why the grades are way off from what was projected in the 3d modelling?

ORONTO, ONTARIO--(Marketwire - July 19, 2011) -Lake Shore Gold Corp. (TSX:LSG)("LakeShore Gold" or the "Company") today reported production resultsfor thesecond quarter and first six months of 2011.

For the secondquarter of2011, gold sales totaled 18,988 ounces while gold poured was17,421ounces. A total of 162,974 tonnes at an average grade of 3.55grams pertonne were processed for 17,615 ounces of recoveredgold. During thefirst six months of 2011, gold sales totaled 52,942ounces while 43,321ounces of gold were poured. A total of 311,374 tonnes at an averagegrade of 4.16 grams per tonne were processed for 39,942 ounces ofrecovered gold.

Millthroughput averaged1,790 tonnes per day during the second quarter andin the month of Juneaveraged 1,950 tonnes per day. During the first sixmonths of 2011 millthroughput averaged 1,720 tonnes per day.

Three Months
Ended June 30, 2011		 Six Months
Ended June 30, 2011
Gold Sales
Timmins Mine
Bell Creek
Thunder Creek

Total Gold Sales
8,778
5,797
4,413
---------
18,988
35,371
13,158
4,413
---------
52,942
Gold Poured 17,421 43,321
Gold Recovered
Timmins Mine
Bell Creek
Thunder Creek

Total Gold Recovered
9,627
5,666
2,323
---------
17,615
20,578
14,301
5,064
---------
39,942
Grade
Timmins Mine
Bell Creek
Thunder creek

Average Grade
3.36
3.60
3.82
--------
3.55
3.92
4.72
3.78
--------
4.16
Mill Throughput 162,974 311,358
Tonnes Per Day 1,790 1,720

projected grades from the technical report:

https://i.imgur.com/DGaqc.jpg


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