Kirkland Lake Gold Confirms Ticker Symbol Change to KLG TORONTO, ONTARIO--(Marketwired - Sep 15, 2016) -
Kirkland Lake Gold Inc. ("Kirkland Lake Gold" or the "Company") (TSX:KLG), an intermediate gold producer with operations in Ontario, Canada, announces that effective today, the trading symbol on the Toronto Stock Exchange for Kirkland Lake Gold is ?KLG?.
As well, the two issues of convertible debentures (KGI.DB and KGI.DB.A) will now trade under the symbols KLG.DB and KLG.DB.A, respectively.
There is no action required by current shareholders in connection with this change. There is no change in the Company's name, no change in its CUSIP number, and no changes made to the Company's share capital.
About the Company
Kirkland Lake Gold Inc. is a Canadian focused, intermediate gold producer with assets in the historic Kirkland Lake gold camp, and east of the Timmins gold camp along the Porcupine-Destor Fault Zone, both in northeastern Ontario. The Company is currently targeting annual gold production of between 270,000 to 290,000 ounces from its cornerstone asset, the Macassa Mine Complex and the Holt Mine Complex which includes the Holt, Holloway and Taylor mines.
The Company is committed to building a sustainable mining company that is recognized as a safe and responsible gold producer with quality assets in safe mining jurisdictions.
The Toronto Stock Exchange has neither reviewed nor accepts responsibility for the adequacy or accuracy of this news release.
Kirkland Lake Gold Inc. Toll Free: 1-866-384-2924 Anthony (Tony) Makuch Chief Executive Officer +1 416-840-7884tmakuch@klgold.com Suzette N Ramcharan, CPIR Director of Investor Relations Direct: +1 647-361-0200; Mobile:+1 647-284-5315 sramcharan@klgold.com http://www.klgold.com
Kirkland Lake Gold is a mid-tier gold producer targeting 570,000 – 590,000 ounces of gold production in 2017 from mines in Canada and 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.
Consolidated full-year 2017 production of 596,405 ounces, beating improved guidance of 580,000 – 595,000 ounces
Record full-year production at all operating mines, including 263,845 ounces at Fosterville, 194,237 ounces at Macassa, 66,677 ounces at Holt and 50,764 ounces at Taylor
Consolidated quarterly production in Q4 2017 totaling 166,579 ounces, a 9% increase from Q4 2016 and 20% higher than Q3 2017
Record quarterly production in Q4 2017 at Fosterville (79,157 ounces), Holt (19,263 ounces) and Taylor (16,538 ounces), second best quarter ever at Macassa (51,608 ounces).
Other 2017 highlights:
Strong growth in mineral reserves -
• Fosterville mineral reserves more than doubled in 2017 to 1,030,000 ounces at an average grade of 17.9 grams per tonne (“g/t”)
• Macassa mineral reserves increased 37% to 2,010,000 ounces at an average grade of 20.8 g/t
Improved balance sheet strength -
• Cash and cash equivalents of approximately $230 million at December 31, 2017
• Debt eliminated: 6.0% convertible debentures repaid June 30, 2017; 7.5% convertible debentures matured December 31, 2017 (converted into 4,505,393 commons shares)
Industry-leading shareholder returns -
• KL top performing stock on S&P/TSX Composite Index in 2017 with share price increasing 174.5% (for full-year 2017)
• Quarterly dividend payment announced in March, doubled to $0.02/share for January 15, 2018 payment
• 5.4 million common shares repurchased for C$76.5 million through normal course issuer bid
Kirkland Lake Gold is a mid-tier gold producer targeting 570,000 – 590,000 ounces of gold production in 2017 from mines in Canada and 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 a mid-tier gold producer targeting over 620,000 ounces of gold production in 2018 from mines in Canada and 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.
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