Day: January 26, 2011

Lake Shore Gold to Nearly Triple Gold Production in 2011, Significantly Grow Resources and Increase – PR-USA.net (press release)

Lake Shore Gold Corp. (“Lake Shore Gold” or the “Company”) today announced production and expenditure guidance for 2011 including 140,000 ounces of gold mined from all sources and mill production targeted at 125,000 ounces, with an additional 35,000 ounces of gold expected to be in inventory stockpiles at year end. Capital expenditures for the year are projected at $75.0 million, excluding exploration expenditures, capitalized operating costs and gold sales from development assets, with costs largely related to development work at Thunder Creek and Timmins Mine.

Arian Silver share interest

London, England, Arian Silver Corporation (the “Company”) (TSX VENTURE:AGQ) (AIM:AGQ) (PLUS:AGQ) (FRANKFURT:I3A) received a notification on 25 January 2011 that Sprott Asset Management LLP, on behalf of managed funds, holds 50,298,888 common shares representing approximately 16.71% of the voting rights of the Company, compared to an interest of 12.7% previously announced. The change relates to the exercise of share purchase warrants.

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