Top Three Gold Mining Companies with Long-Term Potential

Gold PriceLake Shore Gold Corp. (NYSEMKT/LSG)

Lake Shore Gold Corp. has been impressive when it comes to lowering its production costs. In the first quarter of 2015, the company produced 53,000 ounces of gold; 13% more from the same period a year ago. (Source:Lake Shore Gold Corp., April 29, 2015.)

Its cash operating cost to produce an ounce of gold was $510.00. In the first quarter of 2014, this cost was $623.00. This represents a decline of over 18%.

Its all-in sustaining costs, the ones that are more indicative of actual costs, were $750.00 per ounce. In the same quarter a year ago, Lake Shore Gold’s all-in sustaining costs were $930.00. In other words, its costs declined over 19% year-over-year.