Kirkland Lake Gold (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASE:KLA) today announced record annual and quarterly production for the full-year and fourth quarter (“Q4 2017”) of 2017, respectively.
Comparative information for the full-year and fourth quarter (“Q4 2016”) of 2016 includes results for the Fosterville, Cosmo and Stawell mines prior to the merger between Kirkland Lake Gold and Newmarket Gold on November 30, 2016 and results for the Holt and Taylor mines prior to the acquisition of St. Andrew Goldfields on January 26, 2016. All dollar amounts are expressed in U.S. dollars, unless otherwise noted.
Tony Makuch, President and Chief Executive Officer of Kirkland Lake Gold, commented:
“We had a successful year in 2017, achieving record results at all of our operating mines, beating our improved consolidated production guidance, which had been increased three times during the year, and reporting solid growth in mineral reserves.
Particularly encouraging was our strong finish to the year, with Q4 2017 being our best quarter ever for production. Leading the way was Fosterville, where full-year production increased 74% from the previous year, and record fourth quarter results reflected an average grade of 21.5 g/t, by far the highest quarterly average ever achieved by the mine.”