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Lake Shore Gold Rising Again, Stock Advances After Wrapping Deal for Ont. Properties

Lake Shore Gold (LSG.TO) is 3% higher this morning, resisting today's downward bias for gold stocks after yesterday completing its deal with Barrick Gold Corp (ABX.TO) to acquire the Fenn-Gib and Guibord Main properties in northwestern Ontario.

Lake Shore shares closed 14 cents, or 6%, higher Monday at $2.42 a share. The stock streaked to a peak of $2.56 a share within the first 60 minutes of today's session before easing in recent minutes. Volume has been strong at 1.41 million share traded so far today.

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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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