Lake Shore Gold Corp Up More Than 4%, Threatens to Reach New Yr High
Lake Shore Gold Corp (LSG.TO) is up more than 4% and has threatened to reach a new year high on heavy trade, with close to 8 million shares traded. It has touched a day high $4.26, shy of an existing year high $4.27.
Latin American precious metals miner Hochschild Mining (HOCM.L) on December 3 said it agreed to sell its remaining 6% stake in Canada's Lake Shore Gold and will use the proceeds for exploration projects.
LSG on December 1 announced the completion of an initial resource estimate for the company's wholly owned Bell Creek Mine property in Timmins, Ontario.
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