In Commercial Production - Achieving Rapid Growth Emerging Mid-Tier Gold Company - Timmins
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Years After Annual Resource and Reserve Update |
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2016-03-10 06:58:00 PM ET (MT Newswires) |
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01:58 PM EST, 03/10/2016 (MT Newswires) -- Lake Shore Gold Corp (LSG) shares surged 7.7% to the highest level since Feb 2012 after the company announced the results of its annual resource and reserve update for the mines in Timmins, Ontario, including Timmins West and Bell Creek.
At Timmins West, total resources are estimated at 5,775,000 tonnes at an average grade of 4.9 grams per tonne in the Indicated category and 2,671,000 tonnes at an average grade of 5.0 gpt in the Inferred category, according to a company statement Thursday.
The updated resource estimates at Bell Creek include 4,812,000 tonnes at an average grade of 4.4 gpt in the measured and indicated categories and 4,124,000 tonnes at an average grade of 4.4 gpt in the inferred category, the statement added.
Intraday volume of trading increased to 8.3 million shares versus a three-month daily average of 5.9 million.
Price: 1.49, Change: +0.10, Percent Change: +7.19 |
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