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Kirkland Lake Gold Inc

Exchange Code: 
TSX:KLG, ASX:KLA, NYSE:KL
Website: 
http://klgold.com

Kirkland Lake Gold Inc

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KIRKLAND LAKE GOLD: CORNERSTONE ASSETS DRIVE Q1 PROFIT RISE

Post date: 
05/07/2020 - 11:11
 

Kirkland Lake Gold continues to demonstrate the value of its major assets, following up its record FY2019 results with higher net earnings of $US202.9M for the March qtr (Q1) despite the emerging COVID-19 impacts that led it to withdraw full year production guidance on April 1.
The result compares with Dec qtr net earnings of $169.1M. EBITDA also grew to $391.5M (Q4FY2019: $285.6M) on revenue of $554.7M ($412.4M).
Net operating cashflow, adjusted for costs relating to its acquisition of Detour Gold, was $191.4M ($132.8M).

KIRKLAND LAKE GOLD: DETOUR ACQUISITION LIFTS Q1 20 PRODN

Post date: 
04/10/2020 - 12:44
 

The completion of Kirkland Lake Gold’s acquisition of Detour Gold Corp has offset the deleterious effects of the COVID-19 virus battle and lower grades at its Australian operation to lift Mar 2020 qtr (Q1 20) gold production to 330,864oz, up 18% on the previous qtr.

KIRKLAND LAKE GOLD: FY20 GUIDANCE WITHDRAWN ON MORE PRODN CUTS

Post date: 
04/02/2020 - 19:13
 

Kirkland Lake Gold has withdrawn its FY2020 guidance after suspending gold operations at its Holt Complex in N Ontario, Canada, and cutting those at the Macassa mine in Kirkland Lake, also in Ontario, in response to the COVID19 pandemic.
Earlier this year, the company lifted FY/CY20 guidance to 1.47Moz-1.54Moz from 950,000oz-1Moz.
The new measures, effective until April 30, 2020, follow reduced operations at the company’s Detour Lake mine, also in Canada, from Mar 23, 2020.

KIRKLAND LAKE GOLD: DETOUR MINE CUTS, ALL EXPLN SUSPENDED

Post date: 
03/23/2020 - 15:28
 

Kirkland Lake Gold’s battle against the COVID-19 virus has seen it cut operations at its 1,100-person camp Detour Lake Mine, a remote operation in Ontario, Canada, from today until April 30, 2020, along with the suspension of non-essential work at all its operations and all exploration.
Continuing activities at Detour will include mill processing of reduced feed from the open pit and stockpiles. About 300 workers are expected to remain on-site during reduced operations.

KIRKLAND CUTS DETOUR PRODN, SUSPENDS EXPLN COMPANY-WIDE

Post date: 
03/23/2020 - 15:21
 

Kirkland Lake has followed the shutdown of 2 Aussie gold projects with cuts at Detour Lake and the suspension of all exploration

KIRKLAND LAKE: 2 AUSSIE GOLD PROJECTS TO CLOSE

Post date: 
03/12/2020 - 09:37
 

Canadian miner Kirkland Lake Gold is shutting 2 of its gold projects in Australia’s Northern Territory -- the Cosmo mine and Union Reefs processing plant -- at the end of this month. About 250 workers expected to lose their jobs.

KIRKLAND LAKE SHUTTING 2 AUSSIE GOLD PROJECTS

Post date: 
03/12/2020 - 09:30
 

Kirkland Lake to shut down 2 of its “non-core” Australian gold operations. About 250 to lose their jobs

RECORD CY2019 AUSSIE GOLD PRODN

Post date: 
03/02/2020 - 11:35
 

Record Dec 2019 qtr (Q4 19) gold production lifts Australian CY 2019 output 8t to 325t

KIRKLAND LAKE GOLD: MORE IN FY20 AFTER RECORD FY19 $560M PROFIT

Post date: 
02/21/2020 - 15:22
 

Kirkland Lake Gold has completed a record operating/financial Dec 2019 year (FY/CY19), more than doubling net earnings to $US560.08M from the previous year’s $273.9M on revenue up 51% to $1.38B.
The result was on record gold output up 35% to 974,615oz from the company’s 3 Canada/Australia operations, with more to come in the current FY/CY20 following the recent Detour Gold acquisition lifting gold expectations to 1.47Moz-1.54Moz from 950,000oz-1Moz.

RECORD FY19 FOR KIRKLAND LAKE GOLD, MORE TO COME

Post date: 
02/21/2020 - 15:14
 

The follow-up to Kirkland Lake Gold’s record FY19 year is expected to include records as the effects of the recent Detour Gold acquisition bite

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