Dual-listed Kirkland Lake had a record third quarter and is rewarding shareholders with a 50% increase to its quarterly dividend to be paid in January next year.
The high-grade gold miner reported record net earnings of $176.6-million, or $0.84 a share, which was more than triple the net earnings of $55.9-million, or $0.27 a share, in the third-quarter of 2019, and 69% higher than the $104.2-million, or $0.50 a share, of the previous quarter.