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Kirkland Lake Gold Reports Solid Production in First Quarter 2021


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 significan ....

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Kirkland Lake Gold Reports Strong Fourth Quarter and Full-Year 2020 Production, Company Repurchases 20 Million Shares


Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “
Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced production results for the fourth quarter (“Q4 2020”) and full-year (“FY 2020”) of 2020. Q4 2020 production totaled 369,434 ounces, a 32% increase from the fourth quarter of 2019 (“Q4 2019”) and 9% higher than the previous quarter. All three of the Company’s cornerstone assets achieved their highest quarterly production levels of the year in Q4 2020. For FY 2020, the Company produced 1,369,652 ounces, a 41% increase from 2019 (“FY 2019”) and in line with full-year 2020 guidance of 1,350,000 – 1,400,000 ounces. All dollar amounts are expressed in U.S. dollars, unless otherwise noted. Per share amounts are based on a total of 268,097,877 shares outstanding at December 31, 2020. ....

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Kirkland Lake sets 1.3-1.4 M oz production target for 2021


Kirkland Lake Gold (TSX:KL) (NYSE:KL) (ASX:KLA) has set its full-year production guidance at between 1.3 and 1.4 million oz. for 2021, driven by strong growth at its Detour Lake mine in Ontario.
This is nearly identical to the company’s 2020 production target of 1.35-1.4 million oz., though next year’s guidance will not include the Holt Complex, which is now on care and maintenance.
All-in sustaining costs (AISC) per ounce of gold sold are expected remain unchanged from the 2020 levels at between $790-$810 per oz.
Leading up to 2023, Kirkland Lake is hoping to grow its annual production to between 1.4 and 1.54 million oz. The gold miner said it will continue to work towards achieving a number of significant, and potentially transformational, milestones, including completing the current $50-million drilling program at Detour Lake and releasing a new mine plan in 2022. ....

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