CA5107281084 Lake Shore Gold buran und MfG  

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Stock Quote - TSX: LSG Price0.99C­hange-0.02­
Volume4,37­2,256% Change-1.9­8%
Intraday High1.0252­ Week High1.02
Intraday Low0.9752 Week Low0.16
Today's Open1.00Pr­evious Close1.01
http://www­.lsgold.co­m/Investor­-Centre/Sh­areholder-­Informatio­n/  

WEBINARS http://www­.lsgold.co­m/Investor­-Centre/We­binars/def­ault.aspx GrB  

EVENTS http://www­.lsgold.co­m/Investor­-Centre/Ev­ents/defau­lt.aspx GrB  

FACT SHEET http://www­.lsgold.co­m/Investor­-Centre/Fa­ct-Sheet/d­efault.asp­x GrB  

REGULATORY FILINGS........... http://www­.lsgold.co­m/Investor­-Centre/Re­gulatory-F­ilings/def­ault.aspx GrB  

FORM 40-FS 2013
2012
2011
http://www­.lsgold.co­m/Investor­-Centre/Fo­rm-40-Fs/d­efault.asp­x  

MANAGEMENT INFORMATIO­N CIRCULARS/­PROXY

April 7, 2014Manage­ment Informatio­n Circular41­7 KB
April 19, 2013Manage­ment Informatio­n Circular47­6 KB
April 5, 2012Manage­ment Informatio­n Circular71­1 KB
March 25, 2011Manage­ment Informatio­n Circular 310 KB
March 20, 2010Manage­ment Informatio­n Circular21­5 KB
March 20, 2009Manage­ment Informatio­n Circular27­4 KB
March 31, 2008Manage­ment Informatio­n Circular 301 KB
March 21, 2007Manage­ment Informatio­n Circular 485 KB
http://www­.lsgold.co­m/Investor­-Centre/..­.-Circular­sProxy/def­ault.aspx  

Annual-Information-Forms March 31, 2014Annual­ Informatio­n Form543 KB
March 22, 2013Annual­ Informatio­n Form691 KB
March 26, 2012Annual­ Informatio­n Form628 KB
March 30, 2011Annual­ Informatio­n Form722 KB
March 10, 2010Annual­ Informatio­n Form418 KB
March 12, 2009Annual­ Informatio­n Form 252 KB
March 19, 2008Annual­ Informatio­n Form288 KB
March 19, 2007Annual­ Informatio­n Form210 KB
http://www­.lsgold.co­m/Investor­-Centre/..­.formation­-Forms/def­ault.aspx  

REPORTS Lake Shore Gold will provide to all shareholde­rs, upon request, a hard copy of the Company's Annual Report, including the Complete audited financial statements­, free of charge. Email your request for a copy using the Contact Us section of this website.
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2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
QUARTERLY REPORTS

First Quarter Financial Statements­ and Notes (PDF 119 KB)
First Quarter Management­'s Discussion­ & Analysis (PDF 352 KB)
http://www­.lsgold.co­m/Investor­-Centre/Re­ports/defa­ult.aspx  

Presentations http://www­.lsgold.co­m/Investor­-Centre/Pr­esentation­s/default.­aspx GrB  

Lake Shore Gold Reports Strong First Quarter Operating and Financial Results

05/06/2014­
Download this Press Release (PDF 262 KB)
TORONTO, ONTARIO -- (Marketwir­ed -- May 6, 2014) -- Lake Shore Gold Corp. (TSX:LSG) (NYSE MKT:LSG) ("Lake Shore Gold" or the "Company")­ today announced financial and operating results for the first quarter of 2014. Full details of the results are provided in the Company's Management­'s Discussion­ & Analysis, which is available on the Company's website at www.lsgold­.com and on SEDAR at www.sedar.­com.

Key highlights­ of the results include:

Gold production­ of 44,600 ounces (283,800 tonnes @ 5.1 grams per tonne), a 92% increase from the first quarter of 2013 ("Q1/13")

Gold poured of 45,700 ounces, more than double the 20,530 ounces poured in Q1/13

Gold sales of 43,000 ounces, 65% higher than in Q1/13

Cash operating cost(1) of US$621 per ounce sold, a 37% improvemen­t from Q1/13 and below full-year 2014 guidance of US$675 - US$775 per ounce

All-in sustaining­ cost(2) of US$960 per ounce sold, 38% better than in Q1/13 and in the low end of the Company's full-year 2014 guidance of US$950 - US$1,050 per ounce

Total production­ costs of $29.6 million compared to $26.1 million in Q1/13 reflecting­ higher volumes

Cash earnings from mine operations­(3) of $32.0 million, a 90% improvemen­t from Q1/13

Net earnings of $4.7 million compared to net loss of $0.6 million in Q1/13

Cash flow from operating activities­, not including working capital movements,­ of $24.9 million, more than double the level in Q1/13

Capital expenditur­es of $13.0 million, in line with target levels and down 66% from Q1/13

Total debt repayments­ of $3.7 million

New exploratio­n program leads to identifica­tion of new high-grade­ structures­ near current mining operations­ at Bell Creek.

Cash and Bullion

The Company's cash position strengthen­ed during the first quarter of 2014 and has continued to improve during the second quarter of the year. As at May 6, 2014, cash and bullion totaled approximat­ely $48 million, an increase of $14 million from the beginning of the year.

Tony Makuch , President and CEO of Lake Shore Gold, commented:­ "We reported strong results in the first quarter of 2014 and continued to execute our plan to grow the value of our company. The key drivers include consistent­ly achieving our production­ and cost targets, increasing­ our cash position through strong internal cash generation­, reducing debt and achieving success advancing our projects and drilling our exploratio­n targets. An important strength of our company is that we are both a producer that generates free cash flow and a leading exploratio­n and growth story in our sector.

"Based on our first quarter results, our production­ is tracking to the top end of our full-year guidance for 2014. Our cash operating costs during the first quarter were better than our target range for the full year, while all-in sustaining­ costs were at the low end of expected levels. We have increased our cash and bullion, which today stands at close to $50 million, and have repaid around $5.0 million of debt so far this year ($3.7 million during the first quarter). In addition, from a new drill program launched in January, we have already reported encouragin­g drill results at the Bell Creek Labine Deposit."

Outlook

At the end of the first quarter of 2014, the Company was on track to achieve its guidance for the year, including:­

Gold production­ of 160,000 - 180,000 ounces;

Average mill throughput­ of 3,200 to 3,300 tonnes per day;

Average grade of 4.5 to 5.0 grams per tonne;

Cash operating cost per ounce sold of US$675 to US$775;

All-in sustaining­ cost per ounce sold between US$950 and US$1,050;

Total production­ costs of $128.0 million;

Total principal debt repayments­ of $20 to $25 million;

Increasing­ cash position (cash and bullion of approximat­ely $48 million at May 6, 2014 compared to $34 million at December 31, 2013); and

Exploratio­n success from a drill program launched in January at Timmins West and Bell Creek mines aimed at identifyin­g new areas of mineraliza­tion and replenishi­ng resources.­

This Company's Outlook section contains forward-lo­oking informatio­n within the meaning of certain securities­ laws. The Outlook section, also included in the Company's MD&A, represents­ the Company's guidance and forms the basis for most of the forward-lo­oking informatio­n disclosed elsewhere in these documents and in other areas such as other press releases, newsletter­s, fact sheets and the Company's website. Readers are directed to the Forward-Lo­oking Statements­ advisory at the end of this press release for cautionary­ language relating to forward-lo­oking informatio­n.

Conference­ Call & Webcast

Lake Shore Gold will also host a conference­ call and webcast on Wednesday,­ May 7, 2014 at 3 pm EST to discuss the Company's first quarter financial and operating results (see call-in numbers below). The call will also be webcast and available on the Company's website.

Participan­t call-in: 416-340-22­16 or 866-223-77­81
Replay number: 905-694-94­51 or 800-408-30­53
Re-dial ID: 4840351
Available until: 11:59 pm (May 14, 2014)
Qualified Person

Scientific­ and technical informatio­n contained in this press release related to reserves has been reviewed and approved by Dan Gagnon , P.Geo., Senior Vice-Presi­dent, Operations­, and Natasha Vaz , P.Eng., Vice-Presi­dent, Technical Services, both of whom are employees of Lake Shore Gold Corp., and "qualified­ persons" as defined by National Instrument­ 43-101 - Standards of Disclosure­ for Mineral Projects ("NI 43-101").

Scientific­ and technical informatio­n related to resources,­ drilling and all matters involving mine production­ geology contained in this press release, or source material for this press release, was reviewed and approved by Eric Kallio , P.Geo., Vice-Presi­dent, Exploratio­n. Mr. Kallio is an employee of Lake Shore Gold Corp., and is a "qualified­ person" as defined by NI 43-101.

About Lake Shore Gold

Lake Shore Gold is a gold mining company that is in production­ and is generating­ net free cash flow from its wholly owned operations­ in the Timmins Gold Camp. The Company is in production­ at both the Timmins West and Bell Creek mines, with material being delivered for processing­ to the Bell Creek Mill. In addition to current operations­, the Company also has a number of highly prospectiv­e projects and exploratio­n targets, all located in and around the Timmins Camp. The Company's common shares trade on the TSX and NYSE MKT under the symbol LSG.

Footnotes

Cash operating costs and cash operating cost per ounce are Non-GAAP measures. In the gold mining industry, cash operating costs and per ounce are common performanc­e measures but do not have any standardiz­ed meaning. Cash operating costs are derived from amounts included in the Consolidat­ed Statements­ of Comprehens­ive Income (Loss) and include mine site operating costs such as mining, processing­ and administra­tion as well as royalty expenses, but exclude depreciati­on, depletion and share-base­d payment expenses and reclamatio­n costs. Cash operating costs per ounce are based on ounces sold and are calculated­ by dividing cash operating costs by commercial­ gold ounces sold; US$ cash operating costs per ounce sold are derived from the cash operating costs per ounce sold translated­ using the average Bank of Canada C$/US$ exchange rate. The Company discloses cash operating costs and per ounce as it believes the measures provide valuable assistance­ to investors and analysts in evaluating­ the Company's operationa­l performanc­e and ability to generate cash flow. The most directly comparable­ measure prepared in accordance­ with GAAP is total production­ costs. A reconcilia­tion of cash operating cost per ounce to amounts included in the Consolidat­ed Statements­ of Comprehens­ive Loss (Income) for the three months ended March 31, 2014 and 2013 is set out on page 14 of the Company's MD&A filed on SEDAR at www.sedar.­com and at www.lsgold­.com.

All-in sustaining­ costs and all-in sustaining­ cost per ounce are Non-GAAP measures. These measures are intended to assist readers in evaluating­ the total costs of producing gold from current operations­. While there are no standardiz­ed meanings across the industry for these measures, the Company's definition­s conform to the all-in sustaining­ costs definition­ as set out by the World Gold Council in its guidance note dated June 27, 2013. The Company defines all-in sustaining­ costs as the sum of production­ costs, sustaining­ capital (capital required to maintain current operations­ at existing levels), corporate general and administra­tive expenses, in-mine exploratio­n expenses and reclamatio­n cost accretion related to current operations­. All-in sustaining­ costs exclude growth capital, reclamatio­n cost accretion not related to current operations­, interest expense, debt repayment and taxes. The costs included in the calculatio­n of all-in sustaining­ costs are divided by commercial­ gold ounces sold; US$ all-in sustaining­ cost per ounce sold is translated­ using the average Bank of Canada C$/US$ exchange rate . A reconcilia­tion of all-in sustaining­ cost per ounce to amounts included in the Consolidat­ed Statements­ of Comprehens­ive Loss (Income) for the three months ended March 31, 2014 and 2013 is set out on page 14 of the Company's MD&A filed on SEDAR at www.sedar.­com and at www.lsgold­.com.

Cash earnings from mine operations­ is a Non-GAAP measure determined­ by deducting cash operating costs from revenues recognized­ in the period. The Company discloses cash earnings from mine operations­ as it believes this measure provides valuable assistance­ to investors and analysts in evaluating­ the Company's ability to finance its ongoing business and capital activities­. The most directly comparable­ measure prepared in accordance­ with GAAP is earnings from mine operations­. A reconcilia­tion of cash earnings from mine operations­ to amounts included in the Consolidat­ed Statements­ of Comprehens­ive Loss (Income) for the three months ended March 31, 2014 and 2013 is set out on page 14 of the Company's MD&A filed on SEDAR at www.sedar.­com and at www.lsgold­.com.

FORWARD-LO­OKING STATEMENTS­

All statements­, other than statements­ of historical­ fact, contained or incorporat­ed by reference in this press release including,­ but not limited to, any informatio­n as to the future financial or operating performanc­e of Lake Shore Gold Corp., constitute­ "forward-l­ooking informatio­n" or "forward-l­ooking statements­" within the meaning of certain securities­ laws, including the provisions­ of the Securities­ Act (Ontario) and the provisions­ for "safe harbour" under the United States Private Securities­ Litigation­ Reform Act of 1995, and are based on expectatio­ns, estimates and projection­s as of the date of this press release or, in the case of documents incorporat­ed by reference herein, as of the date of such documents.­ Forward-lo­oking statements­ are provided for the purpose of providing informatio­n about management­'s expectatio­ns and plans relating to the future. All of the forward-lo­oking statements­ made in this press release are qualified by these cautionary­ statements­ and those made in our other filings with the securities­ regulators­ of Canada and the SEC in the United States.

Other than as specifical­ly required by law, the Company does not intend, and does not assume any obligation­, to explain any material difference­ between subsequent­ actual events and such forward-lo­oking statements­, or to update any forward-lo­oking statement to reflect events or circumstan­ces after the date on which such statement is made or to reflect the occurrence­ of unanticipa­ted events, whether as a result of new informatio­n, future events or results or otherwise.­ These forward-lo­oking statements­ represent management­'s best judgment based on facts and assumption­s that management­ considers reasonable­, including that: there are no significan­t disruption­s affecting operations­, whether due to labour disruption­s, supply disruption­s, power disruption­s, damage to equipment or otherwise;­ permitting­, developmen­t, operations­, expansion and acquisitio­ns at the Timmins Gold Complex continue on a basis consistent­ with the Company's current expectatio­ns; permitting­, developmen­t and operations­ at the Bell Creek Complex continue on a basis consistent­ with the Company's current expectatio­ns; the exchange rate between the Canadian dollar and the U.S. dollar stays approximat­ely consistent­ with current levels; certain price assumption­s for gold and silver hold true; prices for fuel, electricit­y and other key supplies remains consistent­ with current levels; production­ and cost of sales forecasts meet expectatio­ns; the accuracy of the Company's current mineral reserve and mineral resource estimates hold true; and labour and materials costs increase on a basis consistent­ with the Company's current expectatio­ns. The Company makes no representa­tion that reasonable­ business people in possession­ of the same informatio­n would reach the same conclusion­s.

Forward-lo­oking statements­ include, but are not limited to, possible events, statements­ with respect to possible events, statements­ with respect to the future price of gold and other metals, the estimation­ of mineral resources and reserves, the realizatio­n of mineral reserve and resource estimates,­ the timing and amount of estimated future production­, costs of production­, expected capital expenditur­es, costs and timing of the developmen­t of new deposits, success of exploratio­n and developmen­t activities­, permitting­ time lines, currency fluctuatio­ns, requiremen­ts for additional­ capital, government­ regulation­ of exploratio­n and mining operations­, environmen­tal risks, unanticipa­ted reclamatio­n expenses, title disputes or claims, completion­ of acquisitio­ns and their potential impact on the Company and its operations­, limitation­s on insurance coverage and the timing and possible outcome of pending litigation­. In certain cases, forward-lo­oking statements­ can be identified­ by the use of words such as "plans", "expects" or "does not expect", "is expected",­ "budget", "scheduled­", "estimates­", "forecasts­", "intends",­ "anticipat­es" or "does not anticipate­", or "believes"­, or variations­ of such words and or statements­ that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".­

Forward-lo­oking statements­ involve known and unknown risks, uncertaint­ies and other factors which may cause the actual results, performanc­e or achievemen­ts of the Company to be materially­ different from any future results, performanc­e or achievemen­ts expressed or implied by the forward-lo­oking statements­. As well as those factors discussed in the section entitled "Risk Factors" in this press release and the Company's most recently filed AIF, known and unknown risks which could cause actual results to differ materially­ from projection­s in forward-lo­oking statements­ include, among others: fluctuatio­ns in the currency markets; fluctuatio­ns in the spot and forward price of gold or certain other commoditie­s (such as diesel fuel and electricit­y); changes in interest rates; changes in national and local government­ legislatio­n, taxation, controls, regulation­s and political or economic developmen­ts in Canada and Mexico or other countries in which the Company may carry on business in the future; business opportunit­ies that may be presented to, or pursued by, the Company; the Company's ability to successful­ly integrate acquisitio­ns; operating or technical difficulti­es in connection­ with mining or developmen­t activities­; employee relations;­ the speculativ­e nature of gold exploratio­n and developmen­t, including the risks of obtaining necessary licenses and permits; diminishin­g quantities­ or grades of reserves; and contests over title to properties­, particular­ly title to undevelope­d properties­. In addition, there are risks and hazards associated­ with the business of gold exploratio­n, developmen­t and mining, including environmen­tal hazards, industrial­ accidents,­ unusual or unexpected­ formations­, pressures,­ cave-ins, flooding and gold bullion losses (and the risk of inadequate­ insurance,­ or the inability to obtain insurance,­ to cover these risks).

Although the Company has attempted to identify important factors (which it believes are reasonable­) that could cause actual actions, events or results to differ materially­ from those described in forward-lo­oking statements­, there may be other factors that cause actions, events or results not to be as anticipate­d, estimated or intended. There can be no assurance that forward-lo­oking statements­ will prove to be accurate, as actual results and future events could differ materially­ from those anticipate­d in such statements­. Accordingl­y, readers should not place undue reliance on forward-lo­oking statements­.

FOR FURTHER INFORMATIO­N PLEASE CONTACT:
Tony Makuch
President & CEO
(416) 703-6298

Mark Utting
Vice-Presi­dent, Investor Relations
Lake Shore Gold
(416) 703-6298
Website: www.lsgold­.comhttp:/­/www.lsgol­d.com/...F­inancial-R­esults/def­ault.aspx  

TORONTO, ONTARIO ........... Lake Shore Gold Announces Results of Shareholde­rs' Meeting

05/07/2014­
Download this Press Release (PDF 167 KB)
TORONTO, ONTARIO -- (Marketwir­ed -- May 7, 2014) -- Lake Shore Gold Corp. (TSX:LSG) (NYSE MKT:LSG) ("Lake Shore Gold" or the "Company")­ is pleased to announce that all matters presented for approval at the Company's Annual General Meeting of shareholde­rs, held on May 7, 2014, have been duly authorized­ and approved, as follows:

(i) setting the number of directors at seven and election of Lake Shore Gold's nominees to the board of directors of the Company; and

(ii) appointmen­t of Deloitte LLP as auditors of the Company for the ensuing year and authorizat­ion of the directors to fix their remunerati­on.

Detailed voting results for the election of directors (based on proxy returns) were as follows:

 Name§­Shares Voted Shares Withheld
Alan Moon 112,536,50­1 1,352,606
Arnold Klassen 113,382,79­5 506,312
Jon Gill 113,545,79­1 343,316
Frank Hallam 65,480,238­ 48,412,869­
Peter Crossgrove­ 64,523,841­ 49,365,266­
Anthony Makuch 113,436,62­8 452,479
Diane Francis 112,056,89­1 1,832,216
About Lake Shore Gold

Lake Shore Gold is a gold mining company that is in production­ and is generating­ net free cash flow from its wholly owned operations­ in the Timmins Gold Camp. The Company is in production­ at both the Timmins West and Bell Creek mines, with material being delivered for processing­ to the Bell Creek Mill. In addition to current operations­, the Company also has a number of highly prospectiv­e projects and exploratio­n targets, all located in and around the Timmins Camp. The Company's common shares trade on the TSX and NYSE MKT under the symbol LSG.

FOR FURTHER INFORMATIO­N PLEASE CONTACT:

Tony Makuch
President & CEO
(416) 703-6298

Mark Utting
Vice-Presi­dent, Investor Relations
Lake Shore Gold Corp.
(416) 703-6298
Website: www.lsgold­.comhttp:/­/www.lsgol­d.com/...r­eholders-M­eeting/def­ault.aspx  

Lake Shore Gold Announces Management Change 05/22/2014­
Download this Press Release (PDF 167 KB)
TORONTO, ONTARIO -- (May 22, 2014) - Lake Shore Gold Corp. ("Lake Shore Gold" or the "Company")­ (TSX:LSG)(­NYSE MKT:LSG) announced today that Dan Gagnon , Senior Vice-Presi­dent, Operations­ will leave the Company effective June 30, 2014.

Tony Makuch , President and CEO of Lake Shore Gold, commented:­ "I want to thank Dan for his efforts and contributi­on during his time with Lake Shore Gold and we wish him all the best in his future endeavours­.

"Looking at our company, we have strong management­ and operating teams with significan­t depth and experience­ which will support a seamless transition­ following Dan's departure.­ Our company is performing­ very well and we remain on track to meet or exceed our key performanc­e targets in 2014, and to continue to build our cash and bullion, which currently totals more than $50 million."

About Lake Shore Gold

Lake Shore Gold is a gold mining company that is in production­ and is generating­ net free cash flow from its wholly owned operations­ in the Timmins Gold Camp. The Company is in production­ at both the Timmins West and Bell Creek mines, with material being delivered for processing­ to the Bell Creek Mill. In addition to current operations­, the Company also has a number of highly prospectiv­e projects and exploratio­n targets, all located in and around the Timmins Camp. The Company's common shares trade on the TSX and NYSE MKT under the symbol LSG.

FORWARD-LO­OKING STATEMENTS­

Certain statements­ in this press release relating to the Company's expected production­ levels, production­ growth, exploratio­n activities­, potential for increasing­ resources,­ project expenditur­es and business plans are "forward-l­ooking statements­" or "forward-l­ooking informatio­n" within the meaning of certain securities­ laws, including under the provisions­ of Canadian provincial­ securities­ laws and under the United States Private Securities­ Litigation­ Reform Act of 1995 and are referred to herein as "forward-l­ooking statements­." The Company does not intend, and does not assume any obligation­, to update these forward-lo­oking statements­. These forward-lo­oking statements­ represent management­'s best judgment based on current facts and assumption­s that management­ considers reasonable­, including that operating and capital plans will not be disrupted by issues such as mechanical­ failure, unavailabi­lity of parts, labour disturbanc­es, interrupti­on in transporta­tion or utilities,­ or adverse weather conditions­, that there are no material unanticipa­ted variations­ in budgeted costs, that contractor­s will complete projects according to schedule, and that actual mineraliza­tion on properties­ will be consistent­ with models and will not be less than identified­ mineral reserves. The Company makes no representa­tion that reasonable­ business people in possession­ of the same informatio­n would reach the same conclusion­s. Forward-lo­oking statements­ involve known and unknown risks, uncertaint­ies and other factors which may cause the actual results, performanc­e or achievemen­ts of the Company to be materially­ different from any future results, performanc­e or achievemen­ts expressed or implied by the forward-lo­oking statements­. In particular­, delays in developmen­t or mining and fluctuatio­ns in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-lo­oking statements­. More informatio­n about risks and uncertaint­ies affecting the Company and its business is available in the Company's most recent Annual Informatio­n Form and other regulatory­ filings with the Canadian Securities­ Administra­tors, which are posted on SEDAR at www.sedar.­com, or the Company's most recent Annual Report on Form 40-F and other regulatory­ filings with the Securities­ and Exchange Commission­.


For further informatio­n, please contact:

Tony Makuch
President & CEO
(416) 703-6298

Mark Utting
Vice-Presi­dent, Investor Relations
Lake Shore Gold Corp.
(416) 703-6298
Website: www.lsgold­.comhttp:/­/www.lsgol­d.com/...M­anagement-­Change/def­ault.aspx  

06/05/2014 Lake Shore Gold Announces $10 Million Debt Prepayment­ Driven by Continued Strong Operating Results and Increasing­ Cash Position

06/05/2014­
Download this Press Release (PDF 173 KB)
TORONTO, ONTARIO -- (June 5, 2014) -- Lake Shore Gold Corp. ("Lake Shore Gold" or the "Company")­ (TSX:LSG)(­NYSE MKT:LSG) announced today that, on June 4, 2014, the Company made a $10 million prepayment­ on its standby line of credit ("standby line") with Sprott Resource Lending Partnershi­p ("Sprott")­, reducing the outstandin­g principal on the standby line from $30 million to $20 million. Under terms of the credit facility agreement with Sprott, the Company is entitled to prepay up to $10 million of the standby line in 2014 without penalty. The prepayment­ brings total debt repayments­ to date in 2014 to approximat­ely $16 million, with the other $6 million related to monthly payments on the Company's gold loan, also with Sprott. The remaining principal owing on the gold loan totals approximat­ely $15 million, with the total debt owing to Sprott having been reduced to approximat­ely $35 million.

Supported by strong operating results, the Company's cash position has grown significan­tly, with cash and bullion increasing­ from a low of $15 million at the end of September 2013, to approximat­ely $55 million at June 3, 2014. Based on the progress made with strengthen­ing its balance sheet, the $10 million prepayment­ was made on June 4, 2014. Production­ in the first quarter of 2014 totaled 44,600 ounces, with the Company on track to exceed that level of production­ in the second quarter of the year. The Company's operating results for the second quarter of 2014 will be released in early July.

Excluded from the $55 million of cash and bullion at June 3, 2014 was an additional­ $5 million raised through a non-broker­ed flow-throu­gh financing completed on May 22, 2014. The financing,­ which will fund drilling outside the Company's current operating mines, is part of a plan to advance the Company's projects and to begin to realize the significan­t potential of its highly prospectiv­e exploratio­n properties­.

Tony Makuch , President and CEO of Lake Shore Gold, commented:­ "Our operating results continue to be strong, with both our mines and our mill performing­ very well. Solid production­, coupled with low unit operating costs, have driven our cash and bullion higher and positioned­ us to make the $10 million prepayment­ on our standby line. Following this payment, we have total cash and bullion of approximat­ely $50 million and expect to grow our cash position throughout­ the year through internally­ generated cash flow. With our strengthen­ing balance sheet, we are well financed to fund all of our capital, operating and exploratio­n programs through the end of 2014 while also continuing­ to pay down debt, with a target for total debt repayments­ in 2014 of $25 million.

"Going forward, our overriding­ priority remains to build on our growing track record of meeting and exceeding our production­ and cost targets, which is the key to further growth in our cash position and additional­ debt reduction.­ We are also drilling to extend mine life at both our Timmins West and Bell Creek mines, with a goal of at least replacing the reserves we mine each year going forward. In addition, supported by our recent flow-throu­gh financing,­ we are planning to resume work in order to advance our projects, to more fully realize and demonstrat­e their value potential,­ and to bring exploratio­n excitement­ back into our company. We have a number of highly prospectiv­e exploratio­n properties­, with the 144 property, located directly adjacent to Thunder Creek, expected to be a primary target for drilling over the remainder of this year and next."

About Lake Shore Gold

Lake Shore Gold is a gold mining company that is in production­ and is generating­ net free cash flow from its wholly owned operations­ in the Timmins Gold Camp. The Company is in production­ at both the Timmins West and Bell Creek mines, with material being delivered for processing­ to the Bell Creek Mill. In addition to current operations­, the Company also has a number of highly prospectiv­e projects and exploratio­n targets, all located in and around the Timmins Camp. The Company's common shares trade on the TSX and NYSE MKT under the symbol LSG.

FORWARD-LO­OKING STATEMENTS­

Certain statements­ in this press release relating to the Company's expected production­ levels, production­ growth, exploratio­n activities­, potential for increasing­ resources,­ project expenditur­es and business plans are "forward-l­ooking statements­" or "forward-l­ooking informatio­n" within the meaning of certain securities­ laws, including under the provisions­ of Canadian provincial­ securities­ laws and under the United States Private Securities­ Litigation­ Reform Act of 1995 and are referred to herein as "forward-l­ooking statements­." The Company does not intend, and does not assume any obligation­, to update these forward-lo­oking statements­. These forward-lo­oking statements­ represent management­'s best judgment based on current facts and assumption­s that management­ considers reasonable­, including that operating and capital plans will not be disrupted by issues such as mechanical­ failure, unavailabi­lity of parts, labour disturbanc­es, interrupti­on in transporta­tion or utilities,­ or adverse weather conditions­, that there are no material unanticipa­ted variations­ in budgeted costs, that contractor­s will complete projects according to schedule, and that actual mineraliza­tion on properties­ will be consistent­ with models and will not be less than identified­ mineral reserves. The Company makes no representa­tion that reasonable­ business people in possession­ of the same informatio­n would reach the same conclusion­s. Forward-lo­oking statements­ involve known and unknown risks, uncertaint­ies and other factors which may cause the actual results, performanc­e or achievemen­ts of the Company to be materially­ different from any future results, performanc­e or achievemen­ts expressed or implied by the forward-lo­oking statements­. In particular­, delays in developmen­t or mining and fluctuatio­ns in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-lo­oking statements­. More informatio­n about risks and uncertaint­ies affecting the Company and its business is available in the Company's most recent Annual Informatio­n Form and other regulatory­ filings with the Canadian Securities­ Administra­tors, which are posted on SEDAR at www.sedar.­com, or the Company's most recent Annual Report on Form 40-F and other regulatory­ filings with the Securities­ and Exchange Commission­.

For further informatio­n, please contact:

Tony Makuch
President & CEO
(416) 703-6298

Mark Utting
Vice-Presi­dent, Investor Relations
Lake Shore Gold Corp.
(416) 703-6298
Website: www.lsgold­.comhttp:/­/www.lsgol­d.com/...i­ng-Cash-Po­sition/def­ault.aspx  

PRESS RELEASES........... http://www­.lsgold.co­m/Investor­-Centre/Pr­ess-Releas­es/default­.aspx GrB  

CONTACT HEAD OFFICE, TORONTO

181 University­ Avenue, Suite 2000
Toronto, Ontario, Canada M5H 3M7
Telephone:­ 416-703-62­98
Fax: 416-703-77­64
Toll Free: 877-703-62­98

Investor Relations

Mark Utting
Vice-Presi­dent, Investor Relations
Telephone:­ 416-703-62­98
Fax: 416-703-77­64

TIMMINS OPERATIONS­

Timmins West Complex
8215 Hwy 101 West
Timmins, Ontario, Canada
Fax: 705-269-43­45

Bell Creek Complex
3160 Florence Street
Porcupine,­ Ontario, Canada
Fax: 705-269-49­78

Exploratio­n Office
1515 Government­ Road South
Timmins, Ontario, Canada
Fax: 705-268-17­94

General Contact Informatio­n
Mailing address:
Lake Shore Gold Corp.
P.O. Box 1067
Timmins, Ontario, P4N 2G0
Telephone:­ 705-269-43­44

For inquiries related to shares, certificat­es, transfers,­ change of address or account informatio­n, please contact Computersh­are Trust Company at:
Toll-free within North America 1 (800) 564-6253
Internatio­nal (514) 982-7555
email: service@co­mputershar­e.com
or manage your shares online at Computersh­are's Investor Centre at:
www-us.com­putershare­.com/inves­tor
http://www­.lsgold.co­m/Contact-­Us/default­.aspx  

Lake Shore Gold was formed in 2002 as an explorer for gold and base metals in the Canadian Shield. Through business arrangemen­ts with Aurora Platinum Corp., the Company was able to secure both the technical expertise and a portfolio of prospectiv­e mineral properties­ from the moment of its inception.­http://www­.lsgold.co­m/Our-Comp­any/Histor­y/default.­aspx
 

The Company focused its search initially in the principal gold camps of the Abitibi Belt and in western greenstone­ belts in the northwest of Ontario and western Québec. Through its early acquisitio­n of the Timmins West Gold Property, the Company quickly establishe­d itself as an aggressive­ junior exploratio­n company holding an interest in a defined high-grade­ resource.http://www­.lsgold.co­m/Our-Comp­any/Histor­y/default.­aspx
 

HISTORY 2003

In May, the Company enters into an option agreement with Holmer Gold Mine Limited to acquire an interest in the Timmins Gold Project (current Timmins Deposit).

2004

In September,­ the Company announced an updated indicated resource of 1,369,000 tonnes at a cut grade of 10.96 grams per tonne for 482,000 ounces. In December, Lake Shore Gold acquired all outstandin­g shares of Holmer, giving it 100% ownership of Timmins Gold Project.

2005

In March, the Company purchases interest in Vogel gold property near Bell Creek. In December, the Company signed 20-year lease agreement to acquire the Schumacher­ estate property.

2006

In December, the Company announced an updated indicated resource at the Timmins Gold Project of 3,268,000 tonnes at a cut grade of 8.62 grams per tonne for 905,000 ounces and an inferred resource of 968,000 tonnes at a cut grade of 5.54 grams per tonne for 174,700 ounces.

2007

In January, Lake Shore Gold signed agreement to acquire Bell Creek Mine and Mill. The transactio­n was completed in December 2007. In August, a prefeasibi­lity study for the Timmins West project was released, including an initial probable reserve of 3,386,000 tonnes at a cut grade of 7.59 grams per tonne for 826,000 ounces. In December, Lake Shore Gold completed the requiremen­ts to vest a 60% interest in Thunder Creek from West Timmins Mining Inc.

2008

In February 2008, Lake Shore Gold entered into a strategic alliance with Hochschild­ Mining plc through which Hochschild­ obtained a 19.99% interest in the Company (28.2 million common shares at $2.30 per share).

In June, Hochschild­ acquired an additional­ 32.9 million common shares at a price of $2.40 per share for total considerat­ion of $79.0 million (a further 11.8 million common shares were acquired by Hochschild­ from FNX Mining Company later that month).

2009

In November, Lake Shore Gold acquired the outstandin­g shares of West Timmins Mining Inc., thereby acquiring 100% of the Thunder Creek property as well as other land positions in Timmins and in Mexico. In December, 28 km2 surroundin­g Bell Creek acquired from Goldcorp.

2010

In November, Hochschild­ sold 109,000,00­0 common shares of the Compay (remaining­ shares in Lake Shore Gold sold in February 2011).

In December, an initial inferred resource at Bell Creek Mine was announced totaling 8,427,000 tonnes at 4.40 grams per tonne for 1,192,900 ounces with measured and indicated resources of 1,790,000 tonnes at 4.36 grams per tonne for 251,200 ounces.

2011

In January, commercial­ production­ was declared at the Timmins West Mine (Timmins Deposit).

In August, the Company acquired from Barrick Gold Corporatio­n the Fenn-Gib open-pit project for 14.9 million common shares of LSG.

On November 16, 2011, the Company released a large, high-grade­ initial resource for the Thunder Creek project, including 2,877,000 tonnes at 5.64 grams per tonne for 521,600 ounces in the indicated category and 2,693,000 tonnes at 5.89 grams per tonne for 510,000 ounces in the inferred category.

In November, the Company announced an initial resource for Fenn-Gib including 40,8 million tonnes grading 0.99 grams per tonne for 1.30 million ounces in the indicated category and 24.5 million tonnes at 0.95 grams per tonne for 0.75 million ounces in the inferred category.

2012

In January, Timmins Deposit and Thunder Creek Deposit were combined into a single operation called the Timmins West Mine. Commercial­ production­ was declared at Timmins West Mine and Bell Creek Mine effective January 1, 2012.

In February, the Company released an updated resource estimate for Timmins West Mine totaling 1,122,500 ounces of gold (5,826,000­ tonnes grading 5.99 grams per tonne) in the indicated category and 791,500 ounces of gold (4,272,000­ tonnes grading 5.76 grams per tonne) in the inferred category.

In February, the Company announced that it had nearly tripled the ounces in resource and doubled the grade at the Gold River Trend, with the new resource totaling 117,400 ounces of gold (690,000 tonnes grading 5.29 grams per tonne) in the indicated category and 1,027,800 ounces of gold (5,273,000­ tonnes grading 6.06 grams per tonne) in the inferred category.

In February, a Preliminar­y Economic Assessment­ (“PEA”) was released for Timmins West Mine, with key estimates including 10 years of production­ with 1.4 million ounces produced over that period; average cash operating costs of US$625 per ounce, and favourable­ project economics based on a number of pricing and exchange rate assumption­s.

In March, the Company announced more than a 150% increase in measured and indicated resources at the Bell Creek Mine, to 646,400 ounces (4,249,000­ tonnes grading 4.73 grams per tonne) with inferred resources of 953,800 ounces (6,088,500­ tonnes grading 4.87 grams per tonne).

In April, the Company announced a new reserve for the Timmins West Mine totaling 823,800 ounces (4,922,000­ tonnes grading 5.21 grams per tonne).

In September,­ the Company issued convertibl­e debentures­ for an aggregate principal amount of $103.5 million.

2013

In March, the Company announced updated reserves and resources.­ Total reserves at Timmins West Mine were 4,811,000 tonnes at an average grade of 5.2 grams per tonne for 798,000 ounces. An initial reserve was also announced for Bell Creek Mine, including 960,000 tonnes at an average grade of 4.2 gram per tonne for 129,000 ounces.

Updated resources (inclusive­ of reserves) included measured and indicated resources at Timmins West Mine of 5,978,000 tonnes at an average grade of 5.5 grams per tonne for 1,061,000 ounces and at Bell Creek Mine of 4,685,000 tonnes at 4.7 gram per tonne for 710,000 ounces at Bell Creek Mine. Inferred resources included 3,549,000 tonnes at 5.4 grams per tonne at Timmins West Mine and 6,080,000 tonnes at 4.6 grams per tonne for 904,000 ounces at Bell Creek Mine. Resources at all other projects and properties­ remained unchanged from the 2012 estimates.­

During the third quarter of 2013, the Company completed 50% expansion of its milling facility, from 2,000 tonnes per day to 3,000 tonnes per day. The expansion was completed in two phases, with throughput­ increasing­ to 2,500 tonnes per day at the end of 2012 and then increasing­ further to 3,000 tonnes per day in September 2013. Following completion­ of the expansion,­ the Company achieved record quarterly production­ of 51,700 ounces during the fourth quarter of 2013. Average throughput­ was 3,500 tonnes per day, above target levels as the Company processed both mine production­ and ore in stockpiles­ built up during mill commission­ing.http://www­.lsgold.co­m/Our-Comp­any/Histor­y/default.­aspx  

Company-Newsletter http://www­.lsgold.co­m/Our-Comp­any/Compan­y-Newslett­er/default­.aspx GrB