Common Share Repurchases Through NCIB
TORONTO, Sept. 17, 2018 (GLOBE NEWSWIRE) --
Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL)
(NYSE:KL) (ASX:KLA) is pleased to announce that a quarterly dividend
payment of CAD$0.03 per common share will be paid on October 12, 2018
to shareholders of record as of the close of business on September 28,
2018.
The payment represents the sixth quarterly dividend payment made to
shareholders following the Company’s adoption of a dividend policy in
March 2017.
The Company’s quarterly dividend qualifies as an “eligible dividend”
for Canadian income tax purposes.
In addition, the Company is pleased to announce that, during the third
quarter of 2018, it has purchased a total of 1,570,600 common shares
for cancellation pursuant to its normal course issuer bid (“NCIB”).
The common shares were repurchased at an average price of CAD$24.77 per
share for a total aggregate cost of CAD$38.9 million.
About Kirkland Lake Gold Ltd.
Kirkland Lake Gold Ltd. is a mid-tier gold producer that in 2018 is
targeting over
635,000 ounces of gold production from mines in Canada
and Australia. The production profile of the company is anchored from
two high-grade, low-cost operations, including the Macassa 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.
Cautionary Note Regarding Forward-Looking Information
This press release contains statements which constitute ----future
prospects and other factors deemed relevant by the Board.
Investors are cautioned that forward-looking information ----regulatory
authorities in certain provinces of Canada and available at
www.sedar.com.
Should one or more of these risks or uncertainties materialize---- to
update this forward-looking information except as otherwise required by
applicable law.
For more information, please contact:
Anthony Makuch, President, Chief Executive Officer & Director
Phone: +1 416-840-7884
E-mail: tmakuch@klgold.com
Mark Utting, Vice President, Investor Relations
Phone: +1 416-840-7884
E-mail: mutting@klgold.com
Website : http://www.klgold.com
https://web.tmxmoney.com/article.php?newsid=6108851606531915&qm_symbol=KL
God Bless
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