LSG production
posted on
Dec 01, 2010 09:27AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Same production as SGR, except they do it in one month !
Wednesday, December 01, 2010
TORONTO, ONTARIO--(Marketwire - December 1, 2010) - Lake Shore Gold Corp. (TSX:LSG) ("Lake Shore Gold" or the "Company") today announced that the Company processed approximately 12,000 ounces of gold at its wholly owned Bell Creek Mill during the month of November. Total tonnes processed during the month were approximately 54,000 tonnes. The mining rate at Timmins Mine exceeded the target rate of 1,500 tonnes per day during the month, averaging over 1,800 tonnes per day.
In addition, the Company announced that the Closure Plan for mine production at the Timmins Mine has been filed by Ontario's Ministry of Northern Development and Mines. With the filing of the Closure Plan, and the attainment of target production rates, the Company remains on track to declare commercial production at Timmins Mine at the end of 2010.
Tony Makuch, President and CEO of Lake Shore Gold, commented: "We had a very good month in November. The Bell Creek Mill achieved recoveries of about 97% with grades averaging around 7.00 gpt. Combined with the 5,107 ounces we produced during the last two weeks of October, the results in November clearly demonstrate that the Bell Creek Mill is operating extremely well and that we are positioned to exit 2010 with production at the mill meeting and possibly exceeding our target of 10,000 ounces per month. At Timmins Mine, we are making very good progress and remain on track for commercial production."