Lake Shore Gold is a Canadian gold miner operating three gold complexes in the Timmins Gold Camp (Canada).
The company (ticker NYSEMKT:LSG) has made a huge progress most recently. The stock price action mirrors the company management's work. Let us look at the chart below:
Some of the numbers were adjusted to make them comparable - the quaterly ebitda, cash flow from operations and gold ounces produced were multiplied by a factor of 4 to compare them to the yearly numbers.
As you see, LSG extracts gold from higher grade deposits - for those not familiar with gold, grades etc. it means that LSG is digging in the rock with higher quantity of gold. Which is good.
LSG is ramping up its production- in the second quarter of 2014 it extracted 52,300 ounces of gold which, adjusting it to the whole year, makes around 200,000 ounces a year (actually, the company plans to extract around 160,000 ouces of gold, which is more than in 2013).