Heres Is A Real producing Gold Miner
Canada is known around the world as the home of junior mining companies. The TSX stock exchange is home to some of the worlds largest miners and the Venture exchange is home to litterly thousands of small junior exploration publicly traded companies. Although most of these companies are exploring for metals and minerals in almost every country in the world, some have decided to just stay a home right here in Canada. After all, Canada is a very resource rich country and where better than to invest your money than right here at home.
One of these companies that are exploring and mining in Canada is Lake Shore Gold LSG. Lake Shore is a true gold mining company with active mines. The company has operations in (3) three multi-million ounce gold complexes located in the century-old Timmins Gold Camp in Northern Ontario. The Company is in commercial production at 2 of mines. These mines are the Timmins West and Bell Creek mines that include a 3000 ton per day central milling operation. There is also the third operation which is the Fenn-Gib open-pit project.
Lake Shore Gold was formed in 2002 as an explorer for gold and base metals in the Canadian Shield. The Company was able to secure both the technical expertise and a portfolio of prospective mineral properties from the moment of its inception. Lake Shore focused its search initially in the gold camps of the Abitibi Belt and in western greenstone belts in the northwest of Ontario and western Quebec. Through its early acquisition of the Timmins West Gold Property, the Company quickly established itself as an aggressive junior exploration company holding an interest in a defined high-grade resource.
During 2013 the Timmins West Mine produced 107,100 ounces and the Bell Creek Mine produced 27,500 ounces. The company has 416 million shares out standing and trades on both the TSX and NYSE. In 2011 the share price was over $4. Recent articles in the Globe and Mail and elsewhere point to exceptional value and growth in Lake Share Gold. The stock is well followed by various analysts also. Lake Shore Gold. A true Canadain gold miner.
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