TSX:LSG.DB - Post by User
Post by
idlefreebirdon Aug 12, 2013 9:42pm
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Post# 21665365
The future is golden if they can achieve $1,000.00 all in cost
The future is golden if they can achieve $1,000.00 all in costlooking good as big capital is done.Therefore all in cost should decrease. GLTAL
Tony Makuch , President and CEO of Lake Shore Gold, commented: "We are very encouraged by our results in the second quarter, which included record production, improved unit operating costs and excellent progress advancing our mill expansion towards completion. Commissioning of the expansion commenced late last month with our new crushing and grinding circuit now ramping up towards the new design capacity of over 3,000 tonnes per day, which is expected by early September. When we achieve this level of throughput, our production will increase, our unit operating costs will improve and our capital requirements will decline dramatically. At that point, we expect our AISC(2) to improve to around US$1,000 per ounce, with the Company on track to generate net free cash flow during the fourth quarter at current gold prices.