New Found Gold Appoints Douglas Hurst, Founding Member of Newmarket Gold, to Board of Directors
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New Found Gold Corp. (
New Found or the
Company ) (TSXV: NFG) (OTC: NFGFF) is pleased to announce the appointment of Mr. Douglas Hurst as a Director of the Company effective immediately.
Mr. Hurst was part of the founding group of Newmarket Gold, which, following discovery of the high-grade Swan Zone at the company s Fosterville mine, was sold to Kirkland Lake Gold in 2016 for approximately $1 billion.
Mr. Hurst is a serially successful mining entrepreneur and executive. He founded International Royalty Corporation, which was sold to Royal Gold for approximately $700 million in 2010. He also serves as the Chairman of Northern Vertex Mining and as a director of Calibre Mining and Newcore Gold.
Operator
Good afternoon, ladies and gentlemen. My name is Jason, and I will be your conference operator today. I would like to welcome everyone to the Kirkland Lake Gold conference call and webcast to discuss the company s first-quarter 2021 financial and operating results. [Operator Instructions] With that, I would now like to turn the call over to the senior vice president of investor relations, Mark Utting.
Mark Utting
Senior Vice President of Investor Relations
Thanks very much, operator, and good afternoon, everyone. Welcome to Kirkland Lake Gold s first-quarter 2021 conference call and webcast. On the call, today are many members of the Kirkland Gold senior management team. Speaking today will be Tony Makuch, our president and CEO; David Soares, our chief financial officer; Natasha Vaz, our chief operating officer; Larry Lazeski, our general manager for Detour Lake Mine; Evan Pelletier, our vice president of Mining for Kirkland Lake; Ian Holland, our vice president,
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Kirkland Lake Gold Reports Solid Q1 2021 Results
Kirkland Lake Gold LtdMay 6, 2021 GMT
TORONTO, May 06, 2021 (GLOBE NEWSWIRE) Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced the Company’s financial and operating results for the first quarter of 2021 (“Q1 2021”). The results for the quarter exceeded target levels in a number of key areas, including production and all-in sustaining costs (“AISC”) per ounce sold(1), which reflected stronger than expected production and sales at Fosterville and Detour Lake, as well as lower than planned sustaining capital expenditures. The Company’s full financial statements and management discussion & analysis are available on SEDAR at www.sedar.com and on the Company’s website at www.kl.gold. All dollar amounts are in U.S. dollars, unless otherwise noted.
Kirkland Lake Gold Reports Solid Production in First Quarter 2021
Kirkland Lake Gold Ltd. today announced production results for the first quarter of 2021 of 302,847 ounces, which exceeded guidance for the quarter of 270,000 290,000 ounces. The strong results versus guidance largely resulted from higher than expected production at both Fosterville Mine and Detour Lake Mine in March, with Fosterville benefiting from significant grade outperformance and Detour Lake achieving higher …
Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “ Company ”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced production results for the first quarter of 2021 (“Q1 2021”) of 302,847 ounces, which exceeded guidance for the quarter of 270,000 290,000 ounces. The strong results versus guidance largely resulted from higher than expected production at both Fosterville Mine (“Fosterville”) and Detour Lake Mine (“Detour Lake”) in March, with Fosterville benefiting from significant grade o
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