BMO Capital Provides Color on Lake Shore Gold, Outperform

BMO Capital provided color on Lake Shore Gold (LSG) as the company announced its results from the Vogel property.

In a research report published today, BMO Capital states, "Lake Shore Gold announced drill results from 39 holes (5.3km) drilled at the Vogel property, located within the Bell Creek Complex in Timmins, Ontario... The estimate outlined a total open pit resource of 156.7koz (125koz indicated and 31.7koz inferred) and an underground inferred resource of 137.5koz. The reported holes were drilled in the west-central and eastern portions of the open-pit resource area, and were focused on further defining near-surface mineralization."

At the moment, BMO Capital has an Outperform rating and a price target of $5.50 placed on the company's stock. On Thursday, Lake Shore closed the day at $2.98.