Kirkland Lake Gold Reports Strong Year-Over-Year Q1 Production Growth
Kirkland Lake Gold Ltd. Common Shares (KL)
Last kirkland lake gold ltd. common shares earnings: 2/20 02:09 am
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Source: GlobeNewswire
TORONTO, April 06, 2018 (GLOBE NEWSWIRE) -- Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced solid quarterly production for the first quarter of 2018 (“Q1 2018”). A total of 147,644 ounces was produced in Q1 2018, an increase of 13% from the first quarter of 2017 (“Q1 2017”). Q1 2018 production exceeded target levels for the quarter, driven by record monthly production in March of 71,615 ounces, which largely reflected positive grade performance at both Fosterville and Macassa. The Company remains on track to achieve its full-year 2018 production guidance of over 620,000 ounces, with production volumes to increase in the second half of the year, including at Fosterville with the commencement of stope production from the Swan Zone. All dollar amounts are expressed in U.S. dollars, unless otherwise noted. During Q1 2018, the Company continued to build financial strength with cash and cash equivalents increasing $43.8 million
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