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 announces 1.03Moz resource at Thunder Creek

Canadian junior Lake Shore Gold announced an initial 1.3-million ounce indicated and inferred resource at its Thunder Creek project near Timmins, Ontario, sending its shares nearly 7% higher on the TSX. Of the resource, 521 600 oz are in the...

Lake Shore buys Ontario project from Barrick

Lake Shore Gold has agreed to buy the Fenn-Gib project, about 60 km east of Timmins, in Ontario, from Barrick Gold, in return for C$60-million worth of shares.

Gold M&A may pick up in junior space - Lake Shore chief

More merger and acquisition activity should come in the North American gold junior space as a result of soaring gold prices, Lake Shore Gold CEO Tony Makuch said on Thursday. "There is definitely a need for that," he said.

Lake Shore appoints new operations VP

TSX-listed Lake Shore Gold has hired Mike Kelly as senior vice-president, operations, the company announced on Tuesday. Kelly has held senior executive roles at High River Gold, Diavik Mines and Inco, among others, and will be responsible for 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...

Hochschild expects to meet 2009 silver output goal

London-listed, Latin America-focused Hochschild Mining remains on track to produce its targeted 28-million silver-equivalent ounces this year, an increase of 7% compared with 2008, chairperson Eduardo Hochschild said on Wednesday. On top of that,...

Lake Shore reports glittering results from Thunder Creek

Shares in TSX-listed Lake Shore Gold leapt 18,9% on Wednesday, after it reported some stellar drilling results from its Thunder Creek joint-venture property, located next to the company's Timmins mine, in Ontario, Canada. Lake Shore owns 60% of...

Hochschild buys stake in Canada's Lake Shore

LSE-listed Hochschild Mining has bought a 19,99% stake in TSX-listed Lake Shore Gold, and has secured the right to increase its ownership in the Canadian company to as much as 40%, Hochschild said on Tuesday. Lake Shore owns several exploration...