Two of Canada’s stronger mid-tier gold producers were out of the gate today with positive 2015 production reports.
Lake Shore Gold Corp Mining News
Lake Shore Gold trumps earlier offer for Temex Resources and its flagship Whitney project in northeastern Ontario.
The company's 52-week range is 68 cents to $1.40.
Company growing production and generating free cash flow in 2014.
Mill throughput up 60% and better grades see Lake Shore cut cash costs to just $605 an ounce.
56% jump on the Toronto stock exchange.
Lake Shore Gold Corp.(TSX:LSG)(NYSE MKT:LSG) ("Lake Shore Gold" or the "Company") today announced that the Company has commenced safety, ventilation and maintenance checks at its Timmins West Mineas of 7:00 pm on Sunday, May 27, 2012, with full production at the mine to resume tomorrow morning (Monday, May 28, 2012) at 7:00 am.
Lake Shore Gold reports smoke from forest fire results in precautionary suspension of mining at Timmins West Mine, mill production unaffected
Lake Shore Gold Corp. (TSX:LSG)(NYSE MKT:LSG)(NYSE Amex:LSG) ("Lake Shore Gold" or the "Company") today announced that as a result of high winds and smoke from a forest fire approximately 15 kilometres southwest of the Timmins West Mine, operations at the mine have been temporarily suspended.
Lake Shore Gold enters agreement for credit facility of up to $70 million with Sprott Resource Lending Partnership
Lake Shore Gold Corp. (TSX:LSG)(NYSE Amex:LSG) ("Lake Shore Gold" or the "Company") today announced that the Company has entered into an agreement (the "Agreement") with Sprott Resource Lending Partnership ("Sprott") for a credit facility (the "Facility") totaling up to $70 million.
Lake Shore Gold, an aspiring Canadian mid-tier gold producer, has joined forces with Franco-Nevada Corporation in a $50 million royalty and equity agreement. Both companies are listed on the Toronto and New York exchanges.
Lake Shore Gold Corp. (TSX:LSG)(NYSE Amex:LSG) ("Lake Shore Gold" or the "Company") today announced the completion of an initial National Instrument ("NI") 43-101 resource estimate for the Company's wholly owned Thunder Creek property located in Timmins, Ontario.
Lake Shore Gold Discovers Potential 1.9 Kilometre Down Plunge Extension of Timmins Mine Gold Mineralization
Lake Shore Gold Corp. (TSX:LSG)(NYSE Amex:LSG) ("Lake Shore Gold" or the "Company") today announced results from the Company's Hole M-10-05b, (known as the "Deep Hole"), which was designed to test the down plunge extension of the Timmins Mine and Thunder Creek ore bodies at vertical depths below 2,000 metres.
Lake Shore Gold reports wide, high-grade intercepts from near-surface drilling at Vogel, files NI 43-101
Lake Shore Gold Corp. (TSX:LSG) today announced the results of 39 additional holes (5,335 m) from drilling at the company's Vogel property, including several wide, high-grade intersections near surface, as well as the filing of a NI 43-101 report supporting the initial resource estimate for Vogel, first disclosed in a press release dated May 2, 2011. The Vogel property is included within the company's Bell Creek Complex, a large land position covering approximately 32 square kilometres east of Timmins, which also includes the Bell Creek property, Marlhill, Schumacher, Wetmore and other prospective properties. Vogel is located approximately 2 kilometres east of the Bell Creek Mine and Mill.
Lake Shore Gold announces first quarter 2011 production results, company targeting 125,000 ounces in 2011
Lake Shore Gold Corp. (TSX:LSG) today released production results for the first quarter of 2011. Ore processed in the quarter amounted to 148,400 tonnes at a grade of 4.89 grams per tonne ("gpt") at a recovery rate 95.8% for recovered gold of 22,300 ounces. Gold poured related to mill production totaled 25,900 ounces. Total gold sold during the first quarter of 2011 was 34,000 ounces at an average gold price of US$1,387 per ounce. Image by Lake Shore Gold
Lake Shore Gold (TSX: LSG) grew two new resources at its Bell Creek project in Canada near Timmins, Ontario, as it eyes bringing on line a second 100,000-ounce-plus gold mine. "It's fair to say we have found more than we expected at Bell Creek," Mark Utting, Lake Shore vice president of investor relations said. Image by Lakeshore Gold
Jittery investors sold in earnest this week on speculation that China is going on some kind of austerity kick, destined no doubt to wreak havoc on the civilized world.