Lake Shore Gold Reports First Half and Second Quarter 2015 Financial and Operating Results - "Net earnings in H1/15 were $13.8 million or $0.03 per common share ($1.7 million or $0.00 per share in Q2/15). The Company generated solid cash flows and profitability in H1/15 at the same time that exploration expenditures increased $11.5 million compared to the first half of 2014 ("H1/14") mainly as a result of drilling success being achieved at the 144 Trend. During H1/15, drilling at the 144 Trend further extended the dimensions of the 144 Gap Zone and also resulted in the discovery of a second gold zone called the 144 Gap SW Zone. Finance expense in H1/15 declined $3.4 million from H1/14 as a result of further progress in reducing debt levels. On May 29, 2015, the Company completed the repayment of its senior secured debt. Cash and bullion(4) at July 29, 2015 totaled $83.8 million." More
- 07/30/15 | Item |


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