Lake Shore Gold suspends mining as fire risk closes in

Rampaging forest fires in Ontario continued to disrupt mining activities in the province, with TSX-listed Lake Shore Gold on Friday saying it had suspended mining activity at its Timmins West mine, in Ontario, as a result of high winds and smoke....

Lake Shore Gold obtains $70m credit facility

Ontario-focused Lake Shore Gold on Wednesday announced that it had entered into an agreement with Sprott Resource Lending Partnership for a credit facility of up to $70-million. CEO Tony Makuch said Lake Shore Gold would use the funds to bring...

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...

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 hits 2Moz gold deposit at Fenn-Gib

Hot on the heels of announcing a 1.03-million ounce resource at its Thunder Creek deposit near Timmins, Lake Shore Gold on Thursday unveiled a two-million ounce indicated and inferred resource at its nearby Fenn-Gib property. The news was in line...

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 outlines drill results from Bell Creek

Lake Shore Gold Corp said the latest drilling results from its Bell Creek mine in northern Ontario indicate gold mineralization at the site extends 400 meters below its current resource. Toronto-based Lake Shore said the new drill holes were...

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 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 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...