Lake Shore Gold Added to S&P/TSX Composite Index
- Press Release
- Source: Lake Shore Gold Corp.
- On 10:44 pm EST, Monday December 14, 2009
TORONTO, ONTARIO--(Marketwire - Dec. 14, 2009) - Lake Shore Gold Corp. (TSX:LSG - News; "Lake Shore Gold" or the "Company") today announced that the Company is being added to the S&P/TSX Composite Index (the "Composite") effective at the market open on Monday, December 21, 2009. The Composite is the headline index and the principal broad market measure for the Canadian equity markets.
Anthony (Tony) Makuch, President and CEO of Lake Shore Gold, commented: "Being added to the S&P/TSX Composite Index is a very important achievement for Lake Shore Gold, one that follows our addition to the S&P/TSX Global Mining, S&P/TSX Global Gold and S&P/TSX Smallcap indices in September. Inclusion in the Composite reflects the progress we have made over the last year in advancing our growth plans in support of our goal to become a new, mid-tier gold producer, and in building the value of the Company as well as its following within the investment community."
About Lake Shore Gold
Lake Shore Gold is a rapidly growing mining company with large land positions on the west and east sides of the Timmins Gold Camp. The Company is carrying out an underground advanced exploration program at its 100%-owned Timmins Mine project, where it has both a shaft and a ramp, and recently commenced advanced exploration work at the adjacent Thunder Creek property. The Bell Creek Mill, located on the east side of Timmins, has been refurbished to a capacity of 1,500 tonnes per day. The Company is also making progress with an underground advanced exploration program at its Bell Creek Complex, including the Bell Creek Mine, Schumacher and Vogel properties, which is moving forward to become the Company's second mining operation in the Timmins Camp. The Company continues to invest aggressively in exploration primarily in Timmins and in select other areas of Northern Ontario and Quebec, and also owns a large land position in Mexico. The Company's common shares trade on the TSX under the symbol LSG.
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