Timmins West gold project, Canada

The preliminary economic assessment on the Timmins West gold project, envisions an operation with the potential to produce about 1.4-million ounces over ten years.

Lake Shore gets upbeat PEA for Timmins West

Shares in Lake Shore Gold got a lift on Tuesday, after the company divulged the results of an early study into the potential economics of producing the yellow metal at its Timmins West project in Northern Ontario. The preliminary economic...

Lake Shore gets $50m injection from Franco-Nevada

Lake Shore Gold and Franco-Nevada on Wednesday struck a deal whereby the royalty firm will pay the miner $35-million for a net smelter royalty (NSR) and a further $15-million for 10-million shares in the company. Lake Shore CEO Tony Makuch said...

Lake Shore falls as output misses expectations

Shares in Toronto-based Lake Shore Gold dropped 15.6% on Tuesday, after the company said that second-quarter production was lower than expected and revised its full-year forecasts. Lake Shore poured 17 421 oz of gold in the second quarter, while...

Lake Shore Gold adopts poison pill

Toronto-based Lake Shore Gold has adopted a shareholder rights plan, the company said on Friday. Lake Shore said the plan would ensure all shareholders were treated fairly in the event of a takeover bid, but was not adopted in response to any...

Lake Shore says gold output to almost triple this year

Toronto-based Lake Shore Gold expects to produce 125 000 oz of gold this year, an increase of 187% compared with 2010, the firm said on Tuesday. Including material extracted under advanced exploration programmes at its Thunder Creek and Bell...

Lake Shore reports milestone at Timmins mine

TSX-listed Lake Shore Gold has declared commercial production at its Timmins mine, in Ontario, with effect from January 1. The operation achieved an average mining rate of 1 700 t/d in December and about 1 600 t/d for the fourth quarter, beating...

Lake Shore mulls mill expansion to 3 000 t/d next year

TSX-listed Lake Shore Gold is “strongly considering” a further expansion of its Bell Creek mill in Timmins, Ontario, next year to 3 000 t/d, a senior executive said on Wednesday. The company is already nearing completion of an expansion to...

Lake Shore says Timmins ramp reaches Thunder Creek

TSX-listed Lake Shore Gold has reached the mineralisation at its Thunder Creek deposit, after connecting it to the Timmins mine with a new access ramp, the company reported on Tuesday. CEO Tony Makuch said that the company was pleased with the...

Lake Shore will raise C$100m for Timmins projects

TSX-listed Lake Shore Gold has unveiled plans to sell almost 22-million shares to raise C$100-million for development of its projects in Timmins, Ontario. Earlier this month, Lake Shore acquired junior West Timmins Mining, adding to its footprint...

Lake Shore, West Timmins complete tie-up

TSX-listed Lake Shore Gold has completed its acquisition of junior West Timmins Mining, the companies announced on Friday. West Timmins shareholders received 0,73 of a Lake Shore share for each share of West Timmins, under a deal first announced...

Lake Shore, West Timmins team up to take on historic gold district

TSX-listed Lake Shore Gold has agreed to buy exploration junior West Timmins Mining, in a move that the companies hope will create a formidable new player in the century-old gold mining camp of Timmins, in Canada's Ontario province. The two...