{"id":5225,"date":"2014-08-02T13:27:03","date_gmt":"2014-08-02T13:27:03","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=5225"},"modified":"2014-08-02T13:27:03","modified_gmt":"2014-08-02T13:27:03","slug":"canadian-junior-gold-miners-are-thriving","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=5225","title":{"rendered":"Canadian junior gold miners are thriving"},"content":{"rendered":"<p><strong>By Scott Wright<\/strong><br \/>\n<em>Zeal Speculation and Investment<\/em><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignright size-full wp-image-5226\" src=\"http:\/\/juniorminingnews.com\/wp-content\/uploads\/2014\/08\/canmap160.jpg\" alt=\"canmap160\" width=\"160\" height=\"141\" data-id=\"5226\" \/>Canada\u2019s prolific Abitibi greenstone belt is one of the world\u2019s top jurisdictions for gold mining. And by far its most productive district is the famous Timmins district. Timmins has produced in the neighborhood of 70m ounces of gold over the course of its storied history. And with Lake Shore Gold\u2019s Timmins West mine now firing on all cylinders, this district is still going strong.<\/p>\n<p>Lake Shore Gold is one of the few bright spots in the currently beaten-down gold-mining industry. On the production front its 2014 midpoint guidance of 170k ounces represents a year-over-year increase of 26%. And with cash operating costs guided at $725 per ounce, they\u2019ll come in lower than the previous year\u2019s.<\/p>\n<p>Production growth and cost declines are certainly countertrend to what we\u2019ve been seeing amongst Lake Shore\u2019s peers. And to make things even sweeter, Lake Shore has so far greatly outperformed its guidance measures. Through the first half of this year it has produced 96,900 ounces, at cash costs of only $600.<\/p>\n<p>On an annualized basis this would lead to a 44% increase in year-over-year production volume, and a 22% drop in cash costs. And with H1\u2019s all-in sustaining costs estimated at only $890, Lake Shore\u2019s total costs are easily in the lower quartile of industry average. This has allowed it to generate net free cash flow, which has served to build up its treasury and aggressively pay down debt.<\/p>\n<p><a href=\"http:\/\/www.zealllc.com\/2014\/cajnrgot.htm\" target=\"_blank\"><strong>Continue reading . . .<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada\u2019s prolific Abitibi greenstone belt is one of the world\u2019s top jurisdictions for gold mining. And by far its most productive district is the famous Timmins district.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/5225"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5225"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/5225\/revisions"}],"predecessor-version":[{"id":5227,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/5225\/revisions\/5227"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}