RE:GrossLake Shore Gold Says Q4 Adjusted Loss Wider Than Last Year, But Production More than Doubles; Guides 2014 Production7 hours ago 07:04 AM EDT, 03/19/2014 (MT Newswires) -- Gold miner Lake Shore Gold (LSG, LSG.TO) Tuesday after hours reported wider adjusted net loss for Q4 2013 despite increased production. It also provided its production targets for 2014.
Net loss was $225.7 million, or $0.54 per share. Net loss for the same period last year wasn't disclosed. On an adjusted basis, net loss was $0.7 million versus $0.3 million a year earlier.
During the quarter, production totaled 51,700 ounces, more than double the 23,700 ounces produced in Q4 2012. Gold sales were 49,600 ounces, up sharply from 19,900 ounces last year.
For 2014, the company is targeting gold production of 160,000 - 180,000 ounces. Mill throughput for the year is targeted to average 3,200 - 3,300 tonnes per day.
No analyst estimates were available for comparison.
LSG was flat in U.S. pre-market trading on Wednesday. It was trading Tuesday after hours at $0.835 each and closed at $0.835 regular hours.
Price: 0.835, Change: 0, Percent Change: 0