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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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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