Kirkland Lake Gold Announces Record Quarterly and Full-Year TORONTO, Jan. 09, 2020 (GLOBE NEWSWIRE) --
Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced record production for the fourth quarter (“Q4 2019”) and full-year (“FY 2019”) 2019.
Production in Q4 2019 totaled 279,742 ounces, an increase of 21% from 231,217 ounces for the same period in 2018 (“Q4 2018”), with the increase driven by record quarterly production at the Fosterville Mine of 191,893 ounces.
For FY 2019, consolidated production totaled 974,615 ounces, 35% higher than 723,701 for full-year 2018 (“FY 2018”).
FY 2019 production at Fosterville of 619,366 ounces beat the mine’s FY 2019 guidance of 570,000 – 610,000 ounces.
Production at Macassa Mine in FY 2019 totaled 241,297 ounces, in line with FY 2019 guidance of 240,000 – 250,000 ounces. All dollar amounts are expressed in U.S. dollars, unless otherwise noted.
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