Kirkland Lake Gold is focused on delivering superior value for its shareholders and cultivating a position within the mining industry as a sustainable leading gold producer
Kirkland Lake Gold is a mid-tier gold producer targeting ~525,000 ounces in Tier 1 mining jurisdictions of Canada and Australia. The production profile of the Company is anchored by three high-grade, low-cost operations, the Macassa Mine and the Taylor Mine, located in Northeastern Ontario, and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position with extensive management and operational expertise.
Kirkland Lake Gold is committed to delivering low-cost production, advancing its exploration and development pipeline, and maintaining a large resource and reserve base of quality assets to foster future production growth. Extensive exploration potential, improved visibility to increase mine life, and excess milling capacity at each operation, positions Kirkland Lake Gold to organically grow production to increase value for its shareholders.
2016 was a transformational year. Three highly complementary companies with a shared vision merged to create a diversified multi-mine producer.
In January of 2016, Kirkland Lake Gold Inc. acquired all of the outstanding common shares of St Andrew Goldfields, and evolved into an intermediate gold mining company centered in the historically robust Kirkland Lake camp, Ontario. The acquisition included the Holt Mine Complex, which contains the Taylor and Holt Mine and a milling facility. (See Kirkland Lake Gold Inc. news release dated January 26, 2016).
In November 2016, Kirkland Lake Gold Inc. completed a business combination with Newmarket Gold to form a high quality, mid-tier gold company with annual production exceeding 500,000 ounces. Through this merger, Kirkland Lake Gold acquired Australian assets including the Fosterville Mine and the Cosmo Mine. (See Newmarket Gold news release dated November 30, 2016).
Kirkland Lake Gold at a Glance
2countries of operation
– Canada & Australia
+500,000oz of gold
production in 2017