Tuesday, December 11, 2018 10:11:24 PM
Allen Sykora Allen Sykora
Tuesday December 11, 2018 11:30
Kitco NewsShare this article:
Kirkland Lake Gold Ltd. (TSX, NYSE: KL; ASX: KLA) expects to join the
ranks of companies producing 1 million gold ounces annually in 2021.
The company projects output of between 740,000 and 800,000 ounces of
gold in 2019, then 850,000 to 910 ounces in 2020,
followed by 1.005 million in 2021.
Much of the growth is expected to come from the Fosterville mine,
with the company projecting 500,000 ounces from here in 2020.
For 2019, company-wide all-in sustaining costs are expected to be
in a range of $630 to $680 an ounce.
“Kirkland Lake Gold is poised to achieve substantial production
growth and improved unit costs in 2019,” says Tony Makuch,
president and chief executive officer.
“We will also continue to invest in exploration and additional
production growth, with our plan being to reach
1 million ounces of annual gold production as early as 2021.”
By Allen Sykora
For Kitco News
https://www.kitco.com/news/2018-12-11/Gold-Silver-Mining-Daily-News-Briefs.html
God Bless America
My opinions are my own and and DD I post should be confirmed as unbiased
Recent GLD News
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
