Lake Shore Gold Releases Annual Results, Comes In Under Budget Overall

Lake Shore Gold lost 4 cents per share in fiscal year 2008, as compared with a 1 cent/share loss in FY 2007, but came under budget overall and well under budget in project spending. Exploration expenses, though, were over budget. The company expects to produce 30,000 oz. of gold from its soon-to-be developed Timmins Mine by the end of 2009. A full picture of how Lake Shore has done can be found in the news release, which hit the web after the end of today's trading.

The stock closed at an unchanged $1.30 today, on moderate volume. Current bid is $1.29, current ask is $1.33.

Lakeshore's Google Finance web page is here.


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