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Kirkland Lake posts record earnings, production in second quarter

Kirkland Lake s revenue reached US$662.7 million, an increase of 14 per cent from the same quarter last year and 20 per cent from the previous quarter. The company produced more than 379,000 ounces of gold in the quarter, up 15 per cent from a year ago and 25 per cent from the last quarter. The operating cash cost per ounce of material sold was US$431, up from US$374 a year ago but down from US$542 in the previous quarter. The company said it has a free cash flow of US$131.2 million after their second quarter. We had an excellent quarter in Q2 2021 highlighted by record earnings, record quarterly production, strong revenue growth and significant increases in both operating and free cash flow, said President and CEO Tony Makuch in a statement.

Kirkland Lake Gold Ltd (KL) Q2 2021 Earnings Call Transcript

Kirkland Lake Gold Ltd (KL) Q2 2021 Earnings Call Transcript
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Kirkland Lake Gold Reports Record Net Earnings in Q2 2021

Kirkland Lake Gold Reports Record Net Earnings in Q2 2021 Kirkland Lake Gold Ltd. today announced the Company’s financial and operating results for the second quarter and first six months of 2021. The results included record quarterly net earnings and earnings per share driven by strong operating results and revenue growth, largely reflecting continued outperformance at Fosterville. All three of the Company’s cornerstone assets increased production compared to both the … 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 second quarter (“Q2 2021”) and first six months (“YTD 2021”) of 2021. The results included record quarterly net earnings and earnings per share driven by strong operating results and revenue growth, largely reflecting continued outperformance at Fosterville. All three of the Company’s cornerstone assets increased production com

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