Kirkland Lake Gold Targets Higher Production, Improved Unit Costs in 2018 Guidance, Announces New Shaft Project for Macassa [Canadian Business Journal (Canada)]
Kirkland Lake Gold Ltd. Common Shares (KL)
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Source: Canadian Business Journal
Kirkland Lake Gold Targets Higher Production, Improved Unit Costs in 2018 Guidance, Announces New Shaft Project for Macassa TORONTO, Jan. 17, 2018 (GLOBE NEWSWIRE) — Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “ Company ”) (TSX: KL ) (NYSE: KL ) (ASX:KLA) today announced the Company’s full-year guidance for 2018, which includes increased production, improved unit costs and higher levels of capital and exploration expenditures in support of the Company’s objective of growing annual gold production over the next five to seven years to approximately a million ounces. Included among planned investments in 2018, are initial capital expenditures for a new shaft at the Macassa mine (see section, Macassa Shaft Project). All dollar amounts are expressed in U.S. dollars unless otherwise noted. Highlights of 2018 guidance include: Production growth to over 620,000 ounces Improved unit costs , with operating cash costs and all-in sustaining costs (“AISC”) per ou
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