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Market: TSX
Sector: Gold Mining
Epic: TSX-LSG
News: Latest news
Web Site: Lake Shore Gold Corp
Other Articles: 18-01-201026-11-200920-11-2009

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Insurance giant Prudential has stolen the headlines this week, after their decision to buy AIA, the Asian life business of US insurer AIG, has attracted a mixed response from shareholders.

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Sunday March 14, 05:46China's growth boosting commodity prices

With chunky economic numbers from China boosting commodity prices we take a brief look at the country's position in different market places - while noting also that hopes for a recovery in global trade appear to be borne out by freight rates.

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White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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Lake Shore Gold Corp

Lake Shore Gold Corp

Lake Shore Gold Corp. is a mineral exploration company focused on the acquisition, exploration and development of mineral properties with prospects for hosting economic gold deposits in the Canadian Shield in Ontario and Québec. The Company holds a number of 100% owned and joint ventured gold properties in Ontario and Québec, acquired the Bell Creek Mine and Mill Complex and has commenced sinking a shaft on its 100%-owned Timmins West gold deposit near Timmins, Ontario. Lake Shore is a reporting issuer in British Columbia, Alberta, Manitoba, Ontario and Québec, and trades on the Toronto Stock Exchange under the symbol LSG.

Thursday, November 26, 2009

Hochschild Mining deputy chairman Roberto Danino joins Lake Shore Gold board

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Hochschild Mining PLC (LSE: HOC) said it deputy chairman and executive director Roberto Danino was appointed to the Lake Shore Gold Corp (TSX: LSG) board as a director with immediate effect.

Last week, Hochschild agreed to acquire a further 19.2 million shares in Lake Shore Gold in a private placement to raise its stake in the group to 36 percent from 32 percent,  paying C$85 million, or an average price of C$4.43 per share.

In early October the group announced a placing and convertible bond offer to raise US$250 million, for further acquisitions as well as for further investments in Lake Shore Gold Corp and Gold Resource Corp (OTCBB: GORO) as well as for paying down debt.

Since 2008, Hochschild has invested a total of C$343 million in its stake in Lake Shore Gold at an average price of C$2.68 per share. The investment to date reflects its confidence in the significant production potential and long-term growth of Lake Shore Gold, which has a current market capitalisation of approximately C$1.3 billion. 

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