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Kirkland Lake Gold Inc. (TSX:KGI) announced it has achieved record production for the month of February, hitting 16,485 ounces of recovered gold.
Kirkland Lake Gold Inc. (TSX:KGI) announced it has achieved record production for the month of February, hitting 16,485 ounces of recovered gold.
As quoted in the press release, highlights include:
- 32,862 tons milled at a head grade of 0.52 ounces per ton (“opt”) or 17.8 grams per tonne (“g/t”) and a recovery rate of 96.8%.
- Recovered 16,485 ounces of gold
George Ogilvie, president and CEO of Kirkland, commented:
We are happy to see the positive momentum continuing, particularly considering February was only a 28 day month. While this is an exceptional month and one we cannot consistently replicate just yet, it does show the potential of the property in future years. As more stopes come online in the South Mine Complex on both the 5400 level (where we are currently mining and where reserves grades are 0.57 opt or 19.5 g/t), and the 5600 level (which we plan to gain access to in fiscal 2016, where reserves grades are 0.70 opt or 24.0 g/t), we should begin to see more consistent performance and above our last 12 month performance. Our recently revised forecast upward to 153,000 to 157,000 ounces of annual production remains intact.
Click here to read the full Kirkland Lake Gold Inc. (TSX:KGI) press release.