Lake Shore Gold Corp
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GOLD: Lake Shore fattens treasury after record 2014 production
ONTARIO – Gold production in 2014 set a new record – 185,600 oz – for Toronto’s Lake Shore Gold. That amount topped the guidance number that was set at between 160,000 and 180,000 oz last year.
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MINING PEOPLE: Canada Strategic Metals, Claude Resources, Klondex Mines, Lake Shore Gold, North American Nickel, and SouthGobi
Montreal-based Canada Strategic Metals has a new president, Christophe Romary. He has more than 20 years of experience in the financial industry.
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GOLD: Lake Shore repays $20M loan early
TORONTO – Lake Shore Gold will repay the $20-million balance on its standby line of credit on Dec. 31, 2014. The payment will include the balance plus $1.4 million in fees. The company says the early repayment will save it $2.4 million in…
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GOLD: Lake Shore closes $15M flow-through deal
ONTARIO – Toronto-based Lake Shore Gold has closed a bought deal private placement financing for $15 million. The company issued 12.9 million flow-through common shares at a price of $1.17 each. The shares were bought by a syndicate of…
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GOLD: Lake Shore cuts wide, high grades at 144 Gap zone
ONTARIO – The first of four drill holes at the 144 exploration area look good to owner Lake Shore Gold of Toronto. The area is immediately southwest of the Thunder Creek deposit at the Timmins West mine 18 km west of the city of the same…
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MINING PEOPLE: Avanti Mining, Barrick, Claude Resources, Grenadier, Lake Shore Gold, and Turquoise Hill
Avanti Mining of Toronto has named Greg Miazga as project manager and Luke Klemke as general manager of the Kitsault molybdenum project. Miazga was most recently the director of engineering and construction at the Detour Lake gold mine. Klemke…
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GOLD: Lake Shore extends S2 fold nose at Timmins deposit
ONTARIO – Lake Shore Gold Corp. of Toronto is wrapping up a successful drill program at its Timmins West gold mine 18 km west of Timmins.
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GOLD: Hints and promises across Canada
The price of gold has hit an eight month low, dipping below US$1,210 for a few hours this morning (Sept. 25). But the yellow metals retains it lustre for some explorers, especially when bonanza grades are encountered. He’s a brief rundown.
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RESULTS: Roundup for the second quarter
This is the season for corporations to announce their second quarter results, both financial and operational. As expected, the news releases are arriving at the inbox in large numbers. Yesterday we offered results from Sherritt and North…
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COMMENT: Gold bugs invade Northern Ontario
It’s already bug season in Northern Ontario – gold bug season that is. The numbers of junior exploration companies eager to drill the region are almost as many as there will be blackflies when the weather warms up. Well … maybe not…
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GOLD: Lake Shore sets cash flow, production records
ONTARIO – Lake Shore Gold Corp., operator of the Timmins West and Bell Creek gold mines near Timmins, posts its first ever quarter of net free cash flow, president and CEO Tony Makuch said in a release. Cash and bullion at Dec. 31, 2013,…
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MINING PEOPLE: Brades Resources and Lake Shore Gold
Brades Resources Corp. of Vancouver has named Carl von Einsiedel as CEO and a director of the company. A graduate of Carleton University, he has worked as a consulting exploration geologist and independent contractor for over 20 years. Von…