Replies to post #314 on Agnico Eagle Mines Ltd (AEM)

[NYBob]

Kirkland Lake Reports Record Quarterly Gold Output
Monday October 9, 2018 08:37

Kirkland Lake Gold Ltd. (TSX, NYSE: KL) reports record quarterly gold
production of 180,155 ounces during the third quarter.
This is a 30% increase from 139,091 ounces in the third quarter of 2017
and a 9% increase from 164,685 ounces in the second quarter of 2018.
The company says output exceeded its targets, driven by record
quarterly production from Fosterville of 90,618 ounces as well as from
Canadian operations, with Macassa, Holt and Taylor collectively
producing 89,537 ounces.
Company-wide production during the first nine months of 2018 totaled
492,484 ounces, with Kirkland saying it is positioned to achieve
improved full-year 2018 guidance of over 635,000 ounces.
“At Fosterville, we commissioned a second gravity circuit during Q3
2018 and saw an immediate spike in production, with the Fosterville
Mill processing over 18,000 ounces in the first week of the circuit’s
operation,” says Tony Makuch, president and chief executive officer.
“This spike can largely be attributed to the gravity circuit’s
effectiveness in recovering gold previously contained in the
recirculating load of the grinding circuit.
We also mined and processed our first Swan Zone stope during the
quarter, which contributed over 7,500 ounces of production at an
average grade of close to 40 g/t [grams per tonne], in line with target
levels.”

By Allen Sykora of Kitco News; [e-mail]

God Bless

[NYBob]

Why Russia, Turkey and China Are Buying Gold at Record Pace © Sputnik / Valery Titievsky
BUSINESS
14:44 03.11.2018Get short URL25743

Central banks around the world are increasing their gold reserves at an
incredible pace.
Over the last three months alone, they have purchased gold worth
5.82 billion dollars, which is roughly a quarter more than
the year earlier.
It is noteworthy that the Bank of Russia and the Turkish Central Bank
have broken a record in terms of gold purchases.

https://sputniknews.com/business/201811031069477784-russia-turkey-china-gold-record-pace/

Gold Market Update
By: Clive Maund
Published: Monday, 5 November 2018 | Print | Comment - New!

The Precious Metals sector continues to be viewed with disdain and
skepticism by the vast majority of investors, which is exactly what you
want and expect to see at the earliest stages of a major bullmarket.
However, the charts continue to shape up well, as we will now see.

http://news.goldseek.com/CliveMaund/1541423160.php

God Bless

[NYBob]

China, Russia and India All Prepare To DUMP the DOLLAR in Global Trade!
41,462 views The Money GPS
Published on Oct 31, 2018

https://www.youtube.com/watch?v=WPcL8t5B6vA

PRECIOUS-Gold gains on weaker dollar; U.S. election in focus
3 MIN READ
BENGALURU, Nov 7 (Reuters) -

Gold prices rose on Wednesday amid a weaker dollar, with investors waiting
for the outcome of U.S. midterm elections that could see Republicans lose
their grip on Congress.

https://www.reuters.com/article/global-precious/precious-gold-gains-on-weaker-dollar-u-s-election-in-focus-idUSL4N1XI05V?rpc=401&;

----

Ex-Morgan trader pleads guilty to rigging monetary metals, implicates
supervisors at bank
Submitted by cpowell on Tue, 2018-11-06 22:09. Section: Documentation

How did that "exhaustive" investigation of the silver market by the U.S.
Commodities Futures Trading Commission miss this? How will the World
Gold Council and most monetary metals mining companies continue to miss
it?
How many more anti-trust lawsuits will this prompt?
Anybody seen Blythe Masters lately?

* * *

Former JP Morgan Trader Pleads Guilty to Manipulating U.S. Metals
Markets for Years

By Hugh Son and Dan Mangan
CNBC, New York
Tuesday, November 5, 2018

An ex-J.P. Morgan Chase trader has admitted to manipulating the U.S.
markets of an array of precious metals for about seven years -- and he
has implicated his supervisors at the bank.

John Edmonds, 36, pleaded guilty to one count of commodities fraud and
one count each of conspiracy to commit wire fraud, price manipulation,
and spoofing, according to a release today from the U.S. Department of
Justice:

https://www.justice.gov/opa/pr/former-precious-metals-trader-pleads-guil...

Edmonds spent 13 years at New York-based J.P. Morgan until leaving last
year, according to his LinkedIn account.

As part of his plea, Edmonds said that from 2009 through 2015 he
conspired with other J.P. Morgan traders to manipulate the prices of
gold, silver, platinum, and palladium futures contracts on exchanges
run by the CME Group.
He and others routinely placed orders that were quickly canceled before
the trades were executed, a price-distorting practice known as
spoofing.

"For years John Edmonds engaged in a sophisticated scheme to manipulate
the market for precious metals futures contracts for his own gain by
placing orders that were never intended to be executed," Assistant
Attorney General Brian Benczkowski said in the release.

Of note for J.P. Morgan, the world's biggest investment bank by revenue:
Edmonds, a relatively junior employee with the title of vice president,
said that he learned this practice from more senior traders and that
his supervisors at the firm knew of his actions.

Edmonds pleaded guilty under a charging document known as an
"information."
Prosecutors routinely use them to charge defendants who have agreed to
cooperate with an ongoing investigation of other people or entities. ...

... For the remainder of the report:

https://www.cnbc.com/2018/11/06/ex-jp-morgan-trader-pleads-guilty-to-man...

http://www.gata.org/node/18596

In GOD We Trust -






http://www.kitconet.com/images/live/au0001wb.gif

Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

- God Bless

[NYBob]

Kirkland Lake Gold PRESENTATION thumbnail NOV 20 2018
NBF & TMX Annual Canadian Precious Metals Conference


http://s21.q4cdn.com/967674075/files/doc_presentations/2018/11/NBFNov202018DraftNov20rev3.pdf



Count me in & Welcome back Caffee and good to see you here!
KL will IMHO have a great sp increase run early 2019
(starting in February when the 2018 year end resource numbers
are tabulated/announced) and also as they announce
grade increases early 2019 as they get into
the Swan zone in Australia.
It is known that Swan increases current grade from around 20 grams
to 60 grams or more and so overall performance will ramp up
significantly in 2019 and 2020.
I believe this is a company that has a long way to go from here.
Low AISC and huge growing cash flow and a smart, well run company.
They are committed to quickly ramping up from
current 625,000 ounces per year to a million +
so that's a big increase in asset value.
One of my few remaining gold stocks but
I have a solid chunk of KL accumulated
over past several years.
Good luck!
Chuck8 thanks for good info :-))

China, Russia and India All Prepare To DUMP the DOLLAR in Global Trade!
41,462 views The Money GPS
Published on Oct 31, 2018

https://www.youtube.com/watch?v=WPcL8t5B6vA

PRECIOUS-Gold gains on weaker dollar; U.S. election in focus
3 MIN READ
BENGALURU, Nov 7 (Reuters) -

Gold prices rose on Wednesday amid a weaker dollar, with investors waiting
for the outcome of U.S. midterm elections that could see Republicans lose
their grip on Congress.

https://www.reuters.com/article/global-precious/precious-gold-gains-on-weaker-dollar-u-s-election-in-focus-idUSL4N1XI05V?rpc=401&;

----

Ex-Morgan trader pleads guilty to rigging monetary metals, implicates
supervisors at bank
Submitted by cpowell on Tue, 2018-11-06 22:09. Section: Documentation

How did that "exhaustive" investigation of the silver market by the U.S.
Commodities Futures Trading Commission miss this? How will the World
Gold Council and most monetary metals mining companies continue to miss
it?
How many more anti-trust lawsuits will this prompt?
Anybody seen Blythe Masters lately?

* * *

Former JP Morgan Trader Pleads Guilty to Manipulating U.S. Metals
Markets for Years

By Hugh Son and Dan Mangan
CNBC, New York
Tuesday, November 5, 2018

An ex-J.P. Morgan Chase trader has admitted to manipulating the U.S.
markets of an array of precious metals for about seven years -- and he
has implicated his supervisors at the bank.

John Edmonds, 36, pleaded guilty to one count of commodities fraud and
one count each of conspiracy to commit wire fraud, price manipulation,
and spoofing, according to a release today from the U.S. Department of
Justice:

https://www.justice.gov/opa/pr/former-precious-metals-trader-pleads-guil...

Edmonds spent 13 years at New York-based J.P. Morgan until leaving last
year, according to his LinkedIn account.

As part of his plea, Edmonds said that from 2009 through 2015 he
conspired with other J.P. Morgan traders to manipulate the prices of
gold, silver, platinum, and palladium futures contracts on exchanges
run by the CME Group.
He and others routinely placed orders that were quickly canceled before
the trades were executed, a price-distorting practice known as
spoofing.

"For years John Edmonds engaged in a sophisticated scheme to manipulate
the market for precious metals futures contracts for his own gain by
placing orders that were never intended to be executed," Assistant
Attorney General Brian Benczkowski said in the release.

Of note for J.P. Morgan, the world's biggest investment bank by revenue:
Edmonds, a relatively junior employee with the title of vice president,
said that he learned this practice from more senior traders and that
his supervisors at the firm knew of his actions.

Edmonds pleaded guilty under a charging document known as an
"information."
Prosecutors routinely use them to charge defendants who have agreed to
cooperate with an ongoing investigation of other people or entities. ...

... For the remainder of the report:

https://www.cnbc.com/2018/11/06/ex-jp-morgan-trader-pleads-guilty-to-man...

http://www.gata.org/node/18596

In GOD We Trust -






http://www.kitconet.com/images/live/au0001wb.gif

Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

- God Bless

[NYBob]

Kirkland Lake Gold On Pace To Exceed Output Guidance
Allen Sykora Friday November 30, 2018 10:03

Kirkland Lake Gold Ltd. TSX, NYSE: KL; ASX: KLA says the company
is on track to exceed full-year guidance of
650,000 to 670,000 gold ounces, helped in large part by output at
the Fosterville Mine that is headed for record quarterly production
in the fourth quarter.
Full-year 2018 production at the mine is now expected to
exceed 330,000 ounces, which is above current guidance of 300,000 to
310,000 ounces, Kirkland Lake says.
“Fosterville is clearly firing on all cylinders heading towards the
end of the year, with Q4 2018 production on track to easily beat the
current production record of 90,618 ounces, achieved last quarter,”
says Tony Makuch, president and chief executive officer.
“We continue to see significant grade outperformance from stopes in
both the Swan and Eagle zones.
We have also benefited from higher-than-expected grades when processing
development tonnes taken from around the Swan Zone and have been able
to add two Swan stopes to the Q4 2018 production plan based on
development meters completed.”
Higher-than-planned grades are expected to favorably impact production
levels in both 2019 and 2020, the CEO adds.
By Allen Sykora



$KL (X)

https://www.kitco.com/news/2018-11-30/Gold-Silver-Mining-Daily-News-Briefs.html

God Bless

[NYBob]

ANALYSIS | 17:00 GMT ROSS NORMAN ON BREXIT : Gold Providing Protection
Against A Fall In Sterling ?
Ross Norman
Sharps Pixley

Follow
Share on Twitter Share on Facebook Share on Linkedin
In our house discussions about BREXIT are banned these days.
Mrs Norman thinks that the topic is like a faulty lightbulb …
too much heat and not enough illumination … and she is right.

Besides, for most Brits it has also become deeply boring as we
have quite frankly moved from 100% saturation on the topic …
to beyond. Yet it remains a deeply important story.

https://www.fxstreet.com/analysis/ross-norman-on-brexit-gold-providing-protection-against-a-fall-in-sterling-201812041700

Gold Prices Gain, Hit 5-Wk. High, On Safe-Haven, Technical Buying
Jim Wyckoff
Tuesday December 04, 2018 12:55
Kitco NewsShare this article:

(Kitco News) - Gold prices are moderately up and have scored a five-week
high in early-afternoon U.S. trading Tuesday. Silver prices are also
firmer and hit a three-week high today.
The safe-haven metals are getting buying support from a big sell-off in
the U.S. stock market today.
The gold market is also benefiting from an improved near-term chart
posture that is inviting technical buyers.
Currently, gold prices are in an uptrend on the daily bar chart.
February gold futures were last up $5.40 an ounce at $1,245.00.
March Comex silver was up $0.156 at $14.65 an ounce.

https://www.kitco.com/news/2018-12-04/Gold-Prices-Gain-Hit-5-Wk-High-On-Safe-Haven-Technical-Buying.html

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145257961

In GOD We Trust -






http://www.kitconet.com/images/live/au0001wb.gif

Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America

Ps.

[NYBob]

Kirkland Lake Gold Targets Strong Production Growth in 2019, Fosterville to Reach Over 500,000 Ounces Per Year by 2020
DEC 11 2018

http://www.klgold.com/news-and-media/news-releases/press-release-details/2018/Kirkland-Lake-Gold-Targets-Strong-Production-Growth-in-2019-Fosterville-to-Reach-Over-500000-Ounces-Per-Year-by-2020/default.aspx

TORONTO, Dec. 11, 2018 (GLOBE NEWSWIRE) --

Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL)
(NYSE:KL) (ASX:KLA) today announced the Company’s full-year guidance
for 2019, which includes strong production growth, improved unit costs
and a continued strong commitment to exploration and growth.

The Company also announced today three-year production guidance, which
includes the Fosterville Mine achieving over 500,000 ounces of
production by 2020 and demonstrates the potential for consolidated
production to reach one million ounces by 2021.
All dollar amounts are expressed in U.S. dollars unless otherwise noted.

Highlights of 2019 guidance include:

Production growth to 740,000 – 800,000 ounces, driven largely by significantly higher production at Fosterville, as well as increased production at Macassa
Operating cash costs per ounce sold1 to improve to $360 – $380
All-in sustaining costs (“AISC”) per ounce sold1 to achieve significant improvement to $630 – $680
Exploration expenditures estimated at $100 – $120 million, including capitalized exploration expenditures, with $85 – $100 million targeted for Fosterville and the Northern Territory in Australia
Sustaining capital expenditures 1 of $150 – $170 million, with sustaining capital expenditures on a per ounce of gold sold basis expected to improve significantly from 2018 levels
Growth capital expenditures 1 of $155 – $165 million in 2019, largely reflecting expenditures for the Macassa #4 shaft project and growth projects at Fosterville.

(1) See the “Non-IFRS Measures” section starting on page 35 of the Company’s MD&A for the three and nine months ended September 30, 2018 filed on the Company’s profile on SEDAR at www.sedar.com.
Highlights of three-year production guidance include:

Consolidated: Kirkland Lake Gold is targeting consolidated production growth of 10 – 15% per year over the next three years, with production of 740,000 – 800,000 ounces in 2019 to be followed by production of 850,000 – 910,000 ounces in 2020 and 945,000 – 1,005,000 ounces in 2021
Fosterville: Production to increase to over 500,000 ounces in 2020 and reach over 570,000 ounces by 2021 driven by higher grades and increased throughput in 2021
Macassa: Production to reach 245,000 – 255,000 ounces in 2021, with output to increase substantially in 2022 with the commencement of production from the new #4 shaft
Holt Complex: Production, including output from the Taylor and Holt mines using the Holt Mill, to total over 120,000 ounces in both 2019 and 2020, increasing to over 130,000 ounces in 2021 (additional production potential at Holloway Mine, where advanced exploration work is commencing ahead of possible resumption of operations)
Northern Territory: Work at Cosmo Mine and Union Reefs moving to advanced exploration phase with focus on evaluating potential restart of operations as early as second half of 2019 (no ounces from Northern Territory included in 2019 or three-year production guidance).
Tony Makuch, President and Chief Executive Officer, commented: “Kirkland Lake Gold is poised to achieve substantial production growth and improved unit costs in 2019. We will also continue to invest in exploration and additional production growth, with our plan being to reach one million ounces of annual gold production as early as 2021. While achieving one million ounces of production will be a significant milestone, it is more important that the growth we achieve continues to drive down unit costs, increases margins and positions us to generate substantial amounts of free cash flow going forward.

“Not surprisingly, the key driver of our three-year growth is Fosterville, where we expect to achieve over half a million ounces of annual gold production by 2020 and close to 600,000 ounces in 2021. As demonstrated from recent drilling and production results, the Swan Zone is a truly unique, high-grade zone that we are continuing to grow. We continue to explore for more zones like Swan at Fosterville and are encouraged by the fact that similar mineralization has been intersected in multiple locations. At Macassa, we expect to achieve incremental growth in production, with guidance for 2021 of 245,000 – 255,000 ounces, to be followed by a large step-up in output in 2022 with production commencing from the new #4 shaft. Elsewhere, we are transitioning both the Holloway Mine and Northern Territory assets from care and maintenance to advanced exploration with a focus on evaluating the potential to resume operations at both locations.

“Finally, turning to capital, based on our current growth plans we will see the peak level of growth capital expenditures in 2019, with these expenditures to be reduced starting in 2020. The Macassa #4 shaft project is advancing very well, with full-face shaft sinking set to commence in the second quarter of 2019. At Fosterville, our three key projects, new ventilation, a paste fill plant and water treatment plant, will be completed during 2019, as will additional initiatives that have been included in our 2019 plan, such as a new power transformer, new refinery and gold room and a thiocyanate destruction plant. We have also included in our guidance growth capital expenditures for the first half of the year related to the Northern Territory and Holloway Mine as we continue to assess these assets.”

2019 Guidance

Macassa Taylor Holt Fosterville Consolidated5
Gold production (kozs)1 230 – 240 50 – 55 70 – 75 390 – 430 740 – 800
Op. cash costs ($/oz)2 440 – 460 690 – 710 620 – 640 200 – 220 $360 – $380
AISC/ounce sold ($/oz)2 $630 – $680
Operating cash costs ($M)2 $270 – $280
Royalty costs ($M) $25 – $30
Sustaining capital ($M)2 $150 – $170
Growth capital ($M)2,3 $155 – $165
Exploration ($M) $100 – $120
Corporate G&A ($M)4 $26 – $28
(1) Production and unit-cost guidance for 2019 does not include results for the Northern Territory or Holloway Mine.
(2) See “Non-IFRS Measures” set out starting on page 35 of the MD&A for the three and nine months ended September 30, 2018 for further details. The most comparable IFRS Measure for operating cash costs, operating cash costs per ounce sold and AISC per ounce sold is production costs, as presented in the Consolidated Statements of Operations and Comprehensive Income, and total additions and construction in progress for sustaining and growth capital. Operating cash costs, operating cash cost per ounce sold and AISC per ounce sold reflect an average US$ to C$ exchange rate of 1.33 and a US$ to A$ exchange rate of 1.39.
(3) Growth capital expenditure guidance includes planned expenditures for the Northern Territory and Holloway Mine during the first half of 2019, with additional expenditures for the second half of the year to be determined based on the results of current programs and other developments. Growth capital expenditures exclude $14.2 million of capital expenditures related to the Macassa #4 shaft project, which are expected to be recorded as capital expenditures in 2019, but have been paid in cash on an advanced basis in 2018.
(4) Includes general and administrative costs and severance payments. Excludes non-cash share-based payment expense.
(5) The Company’s full financial results for full-year 2018 will be released in late February 2019. As such, comparisons in this press release involving financial measures included in the Company’s 2019 guidance are made to existing 2018 guidance, as well as the Company’s nine-month 2018 results.

Review of 2019 Guidance

Consolidated gold production in 2019 is targeted at approximately 740,000 – 800,000 ounces, a substantial increase from target production of over 670,000 ounces in 2018 (492,484 ounces for the first nine months (“YTD”) of 2018). Production growth in 2019 will be driven by Fosterville, mainly reflecting higher average grades compared to 2018. Production is also expected to increase at Macassa in 2019, mainly driven by higher tonnage, while production at Holt and Taylor is expected to be similar to the comparable 2018 levels. The Company’s guidance for 2019 does not include any production from the Northern Territory or the Holloway Mine.

Operating cash costs per ounce sold are expected to average $360 – $380, which compares to current full-year 2018 guidance of $385 – $410 and the average for YTD 2018 of $397. Improvement in operating cash costs per ounce sold in 2019 is expected to be driven by Fosterville, the Company’s lowest-cost mine, which will account for a higher proportion of consolidated production compared to 2018 and will benefit from higher average grades in the coming year. Operating cash costs per ounce sold in 2019 at Macassa, Holt and Taylor are expected to be similar to comparable 2018 levels.

All-in sustaining costs (“AISC”) per ounce sold are targeted to achieve substantial improvement in 2019, with guidance of $630 – $680, which compares to current 2018 guidance of $735 – $760 and YTD 2018 AISC per ounce sold of $738. The improvement is largely expected to result from higher sales volumes, with sustaining capital expenditures expected to remain similar to comparable 2018 levels.

Operating cash costs for 2019 are estimated at $270 – $280 million, which compares to the current guidance for full-year 2018 of $260 – $270 million and YTD 2018 operating cash costs of $197.2 million.

Royalty costs in 2019 are estimated at $25 – $30 million compared to current guidance for 2018 of $22 – $27 million and total royalty costs of $18.8 million for YTD 2018.

Sustaining capital expenditures in 2019 are targeted at $150 – $170 million, unchanged from current guidance for 2018 and compared to YTD 2018 sustaining capital expenditures of $127.6 million. Sustaining capital expenditures are expected to be similar to comparable 2018 levels as lower sustaining capital expenditures at Macassa, largely reflecting reduced capital development requirements, is offset by an increase in sustaining capital expenditures at Fosterville. The expected increase in sustaining capital expenditures at Fosterville mainly relates to increased capital development and higher expenditures for mobile equipment procurement as the mine continues to ramp up production from the Swan Zone and other areas.

Growth capital expenditures are estimated at $155 – $165 million in 2019, which compares to current guidance for 2018 of $110 – $115 million and YTD 2018 growth capital expenditures of $48.9 million. Of planned growth capital expenditures in 2019, Macassa is expected to account for approximately $80 million, with $50 – $55 million relating to the #4 shaft project and the remainder largely funding a thickened tails project and the construction of a new tailings impoundment area. Capital expenditures for the #4 shaft project are expected to decline following the end of 2019. Growth capital expenditures at Fosterville in 2019 are estimated at approximately $55 million, including approximately $35 million to complete the mine’s three key projects, including the new ventilation system, the past fill plant and a new water treatment plant. The remaining growth capital expenditures at Fosterville relate to a number of smaller projects, including a new power transformer, new refinery and gold room and a thiocyanate destruction plant, all of which are scheduled for completion during 2019. Approximately $15 million and $8 million of growth capital expenditures are included in the Company’s 2019 guidance for the Northern Territory and Holloway, respectively, representing planned expenditures during the first half of 2019.

Exploration expenditures in 2019 are estimated at $100 – $120 million, including capital exploration expenditures. Of total exploration expenditures, approximately $85 – $100 million are targeted for the Company’s Australian operations, with $15 – $20 million of exploration expenditures estimated for the Company’s Canadian operations. Key areas of focus for exploration work in 2019 at Fosterville include the Lower Phoenix and Harrier systems, Robbin’s Hill, as well as a number of regional targets. In the Northern Territory, exploration expenditures will focus on Mineral Resource growth and definition at the Lantern Deposit and the continued evaluation of targets at Union Reefs. In Canada, exploration expenditures will be largely focused on the continued growth and conversion of Mineral Resources at Macassa and Taylor.

Corporate G&A expense in 2019 is targeted at $26 – $28 million, slightly higher than the current target for full-year 2018 of $25 million ($18.3 million for YTD 2018).
Three-Year Production Guidance1

Macassa Holt Complex Fosterville Consolidated
2019 (kozs) 230 – 240 120 – 130 390 – 430 740 – 800
2020 (kozs) 230 – 240 120 – 130 500 – 540 850 – 910
2021 (kozs) 245 – 255 130 – 140 570 – 610 945 – 1,005
(1) Three-year production guidance does not include any production from the Northern Territory or Holloway Mine.

Macassa: Production at Macassa in 2019 is expected to increase from the target range for 2018 of 220,000 – 225,000 ounces, primarily due to increased mill throughput in 2019. Production in 2020 is targeted to be similar to 2019 before increasing to 245,000 – 255,000 ounces in 2021. Grades in 2021 are expected to average approximately 20.0 grams per tonne with mill throughput reaching close to 1,100 tonnes per day.

Holt Complex: Production from the Holt Mill (including mine production from the Holt and Taylor mines) is expected to remain largely unchanged during the next two years, with the anticipation of some production growth at Taylor in 2021. The potential to restart operations at Holloway Mine could lead to higher levels of production from the Holt Complex, with advanced exploration work being undertaken at Holloway in 2019.

Fosterville: Production at Fosterville is expected to grow significantly over the next three years from the current target for 2018 of over 330,000 ounces. Fosterville’s production is targeted to increase in 2019, to 390,000 – 430,000 ounces, driven primarily by a higher average grade in the coming year. Production at Fosterville is then targeted to grow to 500,000 – 540,000 ounces in 2020 and 570,000 – 610,000 ounces in 2021, with grades over this two-year period expected to average approximately 30 grams per tonne and throughput to increase in 2021 to approximately 1,700 tonnes per day.

Northern Territory: During the first half of 2019, the Company is moving forward with advanced exploration work to evaluate the potential of resuming operations in the Northern Territory of Australia. A decision on resuming operations in the Northern Territory is expected during 2019.

Qualified Persons

Pierre Rocque, P.Eng., Vice President, Technical Services is a “qualified person” as defined in National Instrument 43-101 and has reviewed and approved disclosure of the technical information and data in this news release.

About Kirkland Lake Gold Ltd.

Kirkland Lake Gold Ltd. is a mid-tier gold producer with 2018 production targeted at over 670,000 ounces of gold from mines in Canada and Australia. The production profile of the Company is anchored by 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.

For further information on Kirkland Lake Gold and to receive news releases by email, visit the website www.klgold.com.

Non-IFRS Measures

The Company has included certain non-IFRS measures in this press release, as discussed below. The Company believes that these measures, in addition to conventional measures prepared in accordance with IFRS, provide investors an improved ability to evaluate the underlying performance of the Company. The non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These measures do not have any standardized meaning prescribed under IFRS, and therefore may not be comparable to other issuers. Refer to the MD&A for the three and nine months ended September 30, 2018, dated October 30, 2018, for the Q3 and YTD 2018 non-IFRS reconciliations.

Cautionary Note Regarding Forward-Looking Information

This press release contains “forward looking statements” and "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Kirkland Lake Gold with respect to future business activities and operating performance. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and include information regarding: (i) the amount of future production over any period; (ii) assumptions relating to revenues, operating cash flow and other revenue metrics set out in the Company's disclosure materials; (iii) future exploration plans; (iv) changes in Mineral Resources and conversion of Mineral Resources to proven and probable reserves; and (v) other information that is based on forecasts of future operational or financial results and estimates of management.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Kirkland Lake Gold's management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Kirkland Lake Gold believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the combined company. Exploration results that include geophysics, sampling, and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of Mineral Resource. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the future development and growth potential of the Canadian and Australian operations; the future exploration activities planned at the Canadian and Australian operations and anticipated effects thereof; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; and compliance with extensive government regulation. This forward-looking information may be affected by risks and uncertainties in the business of Kirkland Lake Gold and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by Kirkland Lake Gold, including its annual information form, financial statements and related MD&A for the financial year ended December 31, 2017, and its interim financial statements and related MD&A for the period ended September 30, 2018, which are filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com .

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Kirkland Lake Gold has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Kirkland Lake Gold does not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Cautionary Note to U.S. Investors – Mineral Reserve and Resource Definitions

The terms "Mineral Resource" and "measured Mineral Resource" are defined in and required to be disclosed in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") - CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the "CIM Standards"). However, these terms are not defined terms under SEC Industry Guide 7 under the United States Securities Act of 1933, as amended, and the Exchange Act, and are normally not permitted to be used in reports and registration statements filed with the U.S. Securities and Exchange Commission (the "SEC"). Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into reserves.

FOR FURTHER INFORMATION PLEASE CONTACT

Anthony Makuch, President, Chief Executive Officer & Director
Phone: [phone]
E-mail: [e-mail]

Mark Utting, Vice-President, Investor Relations
Phone: [phone]
E-mail: [e-mail]

http://www.klgold.com/news-and-media/news-releases/press-release-details/2018/Kirkland-Lake-Gold-Targets-Strong-Production-Growth-in-2019-Fosterville-to-Reach-Over-500000-Ounces-Per-Year-by-2020/default.aspx

http://www.klgold.com

Source: Kirkland Lake Gold Ltd.
God Bless

[NYBob]

Edge83 thank you, well Robert McEven did a split for Goldcorp twice and
in short time Goldcorp went back to $30 for it was also undervalued
with Red Lake Mine who got higher gold ore with the deeper mining'
I see the same with Kirklands Lakes mines gets better higher grade gold
the deeper they mine and it makes great profit!

I suggest that KL make a split of shares and give
shareholders at least 4-6 new shares for each old share it makes
it more easy for all investors and more pension funds etc. to take
positions.
It would bring down current share price to about $5 + and soon again
but faster KL goes to $30/share with this excellent growth and
profit - *~<:-))

Kirkland Lake Gold forecasts 10-15% production growth
Northern Miner Staff |
Kirkland Gold's Fosterville Mine, Australia.


Image by Kirkland Gold

Kirkland Lake Gold (TSX: KL; NYSE: KL) expects production growth of
10%-15% each year over the next three years with consolidated output
of 740,000-800,000 ounces of gold next year,
850,000-910,000 ounces in 2020 and
945,000-1.05 million ounces in 2021.

http://www.mining.com/kirkland-lake-gold-forecasts-10-15-production-growth/

Production growth in 2019 will be driven by its Fosterville mine in Australia, 20 km from Bendigo in the state of Victoria. Fosterville is forecast to churn out between 390,000 and 430,000 oz. gold next year, while the Macassa mine, 580 km north of Toronto in Kirkland Lake, is expected to produce 230,000 to 240,000 oz. gold. The Taylor and Holt mines in Matheson, Ontario, are forecast to produce 50,000 to 55,000 oz. gold and 70,000 to 75,000 oz. gold, respectively. Looking beyond 2019, Fosterville will provide more than 500,000 oz. gold in 2020 rising to over 575,000 oz. gold by 2021

Looking beyond 2019, Fosterville will provide more than 500,000 oz. gold in 2020 rising to over 575,000 oz. gold by 2021, the company says, while production at Macassa will reach 245,000 to 255,000 oz. gold in 2021, with output increasing significantly in 2022 with the start of production from the new #4 shaft.

Management announced plans at the start of this year to sink the new shaft, which will have a hoisting capacity of 4,000 tonnes per day and will help the company’s plan to increase production at the mine to over 400,000 oz. gold a year over the next five to seven years.

At its Holt and Taylor mines, meanwhile, Kirkland Lake expects to produce more than 120,000 oz. gold in both 2019 and 2020, rising to more than 130,000 oz. gold in 2021.

The company forecasts 2019 operating cash costs per oz. sold will improve to $360 to $380, down from its current 2018 guidance of $385 to $410 per oz., and all-in sustaining costs per oz. sold will range from $630 to $680 per oz., down from 2018 guidance of $735 and $760 per oz.

Expenditures on exploration next year will be between $100 and $120 million, with $85 to $100 million of that targeted for Fosterville and Australia’s Northern Territory, where the company is evaluating the potential to restart operations as early as the second half of next year at its Cosmo mine and Union Reefs mill. (Kirkland Lake Gold suspended operations at Cosmo in June 2017.)

Kirkland Lake Gold is currently trading at $31.75 per share within a 52-week range of $16.54 and $32.21 per share.

Brian Quast of BMO Capital Markets raised his target price on the stock to $32.50 per share from $30.00 following the company’s guidance release.

“With solid organic growth, it’s hardly surprising that Kirkland Lake trades at a premium to other medium-sized producers,” he wrote in a Dec. 11 research note “Kirkland Lake trades at 2.5 times net present value and 9.4 times 2019 estimated cash flow per share, a distinct premium to other medium-sized producers, which trade at 1.5 times NPV and 5.6 times 2019E CFPS.”

http://www.mining.com/kirkland-lake-gold-forecasts-10-15-production-growth/

This article first appeared on The Northern Miner.

Merry Christmas
God Bless

[NYBob]

Kirkland Lake Gold Increases Quarterly Dividend Payment
DEC 11 2018

https://www.klgold.com/news-and-media/news-releases/press-release-details/2018/Kirkland-Lake-Gold-Increases-Quarterly-Dividend-Payment/default.aspx
Download this Press Release PDF Format (opens in new window)
TORONTO, Dec. 11, 2018 (GLOBE NEWSWIRE) --

Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL)
(NYSE:KL) (ASX:KLA) is pleased to announce an increase in the quarterly
dividend to CAD$0.04 per common share from CAD$0.03 per common share
previously.
The dividend increase will be effective with the fourth quarter 2018
dividend payment, to be paid on January 11, 2019 to shareholders of
record as of the close of business on December 31, 2018.
With the latest increase, the Company has now raised the quarterly
dividend three times since the adoption of its
dividend policy in March 2017.
The Company’s quarterly dividend qualifies as an “eligible dividend” for
Canadian income tax purposes.

About Kirkland Lake Gold Ltd.
Kirkland Lake Gold Ltd. is a mid-tier gold producer operating
in Canada and Australia that is on track to achieve significant
production growth over the next three years, including target
production of 740,000 – 800,000 ounces in 2019,
845,000 – 910,000 ounces in 2020 and
945,000 – 1,005,000 ounces in 2021.
The production profile of the Company is anchored by two high-grade,
low-cost operations, including the Macassa Mine located in
Northern 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---

For more information, please contact:

Anthony Makuch, President, Chief Executive Officer & Director
Phone: [phone]
E-mail: [e-mail]

Mark Utting, Vice President, Investor Relations
Phone: [phone]
E-mail: [e-mail]
Website : http://www.klgold.com



logolowres.jpg

Source: Kirkland Lake Gold Ltd.

In GOD We Trust -






http://www.kitconet.com/images/live/au0001wb.gif

Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

Merry Christmas
God Bless America

[NYBob]

Sprott Money News Weekly Wrap-up - 1.4.19
Sprott Money
Published on Jan 4, 2019

https://www.youtube.com/watch?v=_UKMe5Eosec

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145881091

Special Discussion: Big Things Can Happen This 2019| CRAIG HEMKE VS ERIC SPROTT -
Financial Currency World
Published on Jan 3, 2019

https://www.youtube.com/watch?v=VH2YtwfDX8A


https://investorshub.advfn.com/Kirkland-Lake-KL-35762/


Kirkland Lake Gold Ltd. (KL) Canadian Operations 2018 -

https://www.youtube.com/watch?time_continue=90&v=iuNysrccPLk




https://www.klgold.com/assets/operations-and-projects/canada/operations/macassa-mine/default.aspx


WHY INVEST IN KIRKLAND LAKE GOLD -

Kirkland Lake Gold is focused on producing over 620,000 high quality ounces
in 2018 from our mines in Canada and Australia, with a commitment to
sustainable production, organic growth and
a strong financial position.

2018 Gold Production of > 620,000 oz
Solid operating platform in Tier 1 mining jurisdictions
Strong Balance Sheet

Cash Balance of US$ 230 million at
December 31, 2017

https://www.klgold.com/investors/default.aspx


In GOD We Trust -






http://www.kitconet.com/images/live/au0001wb.gif

Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm


Happy New Year
God Bless America

[NYBob]

Eric Sprott > Metals Markets Price Forecast Feb 2019: Investors Could Be in for a Surprise - Financi
Financial Report
Published on Jan 28, 2019

Eric Sprott > Metals Markets Price Forecast Feb 2019:
Investors Could Be in for a Surprise

https://www.youtube.com/watch?v=U4nSo3wUeAg

God Bless