Lake Shore says worker killed at Timmins West mine

Canadian gold producer Lake Shore Gold said a worker who was part of a crew heading development underground, died at its Timmins West mine in northern Ontario. Full details of the accident were unknown, and the Ontario Provincial Police, the...

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...

Mining explosives maker benefitting from gold boom

The surge of mining and exploration activity rampant gold prices have brought to north-eastern Ontario have proved a double-edged sword for small explosives firm Nordex, which is listed on the TSX-V. On the one hand, business has been brisk for...

Kinross takes advantage of markets, buys into another junior

Toronto- and New York-listed Kinross Gold on Monday said it bought shares and warrants in junior Revolution Resources for $3-million, representing as much as 13% of the junior company, and boosting its exposure to the US and Mexico. The...

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 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.

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...

Hochschild shareholders approve sale of Lake Shore stake

Shareholders in Hochschild Mining have approved the disposal of the company's remaining interest in Lake Shore Gold, the firm said on Tuesday. Some 99,9% of the votes cast at an extraordinary general meeting were in favour of the sale, and RBC...

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...

Hochschild says 2010 output within forecast

Mexico's Hochschild Mining produced 26,4-million attributable silver-equivalent ounces in 2010, in line with forecasts, but operating costs will likely be higher than expected, the company said on Wednesday. Broken down into the individual...

Hochshild cuts Lake Shore stake to 6%

Mexico's Hochschild Mining has agreed to sell the bulk of its 35% holding in Lake Shore Gold for a total of C$392,4-million, the firm announced on Thursday. Hochschild will cut its stake in Lake Shore to just 6%, after completing a bought-deal...

Hochschild opts out of Lake Shore offering, diluting stake

LSE-listed Hochschild Mining will not participate in an equity financing announced by Canada's Lake Shore Gold, the firm announced on Thursday. Hochschild, which produces silver and gold from mines in Latin America, owns 37% of Lake Shore, but...