This morning I take a look at some drill results from Lake Shore Gold and a PEA from Richmont Mines. Lake Shore Gold – (LSG:TSX) – Timmins producer Lake Shore is out with 60 assays and 11 wedge cuts from the 144 trend. The assay results look very promising with some nice high grade intercepts. The first… Continue Reading
A few of the news releases that caught my eye this morning and some additional comments. Nevsun Resources – (NSU:TSX) – Nevsun has provided the market with an update on the zinc expansion project at the Bisha mine in Eritrea. Bisha which is a copper mine at the moment will transition into a zinc mine… Continue Reading
Richmont Mines (RIC.T) is a gold producer whose share price showed an impressive increase in 2014, from the $1.40 level to over $4. This morning Richmont announced high grade drill results from the Island Gold mine and an aggressive exploration budget of $7.6 million for 2015. The two main reasons for share price appreciation in 2014 were: 1.… Continue Reading
Richmont Mines (RIC.T) stock is on a tear since early June providing shareholders an excellent return in the last five months. The company today named Renuad Adams as president and CEO. The announcement comes just one day after Renaud resigned from his position of president and COO at Primero Gold. Richmont had been looking for a… Continue Reading
