Topic: How To Invest

Hello Pat: Thank you for your thorough answers to my questions. I have one more for you: what do you think of Lake Shore Gold? Do you think it has good growth prospects? Thanks.

Article Excerpt

Lake Shore Gold, $4.12, symbol LSG on Toronto (Shares outstanding: 376.4 million; Market cap: $1.6 billion; www.lsgold.com), recently declared that its Timmins mine produced 12,300 ounces in December 2010. Over the entire fourth quarter of 2010, the mine produced 29,900 ounces. The Timmins mine is located at the west end of the Timmins Mining District in Ontario. The nearby Bell Creek Mill is processing the ore. Lake Shore Gold acquired the Timmins mine project through the acquisition of Holmer Gold Mines Ltd. in 2004. The Timmins mine holds as much as 1.8 million ounces of gold. The company’s growth prospects hinge on finding additional mineralization through its drilling program. Lake Shore Gold has some speculative appeal, but it’s only okay for highly aggressive investors to hold. hold. …