The Daily Press is the city of Timmins broadsheet newspaper.
They may be the new kids on the block in the Timmins mining community, but Lake Shore Gold foresees an extremely prosperous future in the city.
“We see ourselves as being able to grow to be much larger,” Tony Makuch, CEO of Lake Shore Gold, said in an interview on Friday, “and to go from a junior producer to an intermediate to maybe a more senior producer” that is still producing gold in Timmins “and still being profitable even beyond the next five years.”
At a luncheon at the Dante Club on Friday afternoon, Makuch provided an update on the Lake Shore Gold operations at the Timmins West mining complex by Highway 101 west, and the Bell Creek mine in Porcupine.
As one of the newest gold mining operation in Timmins, Lake Shore Gold has produced almost 650,000 ounces of gold since going into full operation back in 2011. They hit a record last year, producing 185,000 ounces in 2014 alone.