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LAKE SHORE GOLD CORP 6.25 PCT DEBS > Lake Shore Gold Reports Record 2014 Financial and Operating

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Post by mary-ally-smithon Mar 26, 2015 6:40am

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Post# 23563003

Lake Shore Gold Reports Record 2014 Financial and Operating

LINK TO NEWS RELEASE

Lake Shore Gold Reports Record 2014 Financial and Operating Results

03/26/2015
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(TSX:LSG)(NYSE MKT:LSG) ("Lake Shore Gold" or the "Company") today announced financial and operating results for the full-year and fourth quarter 2014. Full details of the results are provided in the Company's Consolidated Financial Statements and Management's Discussion & Analysis, which are available on the Company's website atwww.lsgold.com and on SEDAR at www.sedar.com.

Key highlights of the 2014 results include:

Record production of 185,600 ounces, 38% increase from 2013
- 2014 target: 160,000 to 180,000 ounces
23% improvement in cash operating cost(1) per ounce sold to
- 2014 target:
23% improvement in all-in sustaining cost(2) per ounce sold to (based on production costs(3) of )
- 2014 target:
of debt repayments
- 2014 target:
29% increase in ore reserves
- 2014 target: replace reserves mined in 2014