{"id":1159276,"date":"2020-01-10T12:23:26","date_gmt":"2020-01-10T18:23:26","guid":{"rendered":"https:\/\/www.mining.com\/?p=1010983"},"modified":"2020-01-10T12:23:26","modified_gmt":"2020-01-10T18:23:26","slug":"kirkland-lake-posts-best-ever-quarterly-full-year-production","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1159276","title":{"rendered":"Kirkland Lake posts best ever quarterly, full-year production"},"content":{"rendered":"<p>Kirkland Lake Gold (TSX, NYSE: KL) <a aria-label=\"has announced (opens in a new tab)\" href=\"https:\/\/www.klgold.com\/news-and-media\/default.aspx\"  rel=\"noreferrer noopener\">has announced<\/a> record gold production for the fourth quarter and full year 2019. Production in Q4 2019 reached 279,742 ounces, an increase of 21% from the 231,217 ounces for the same period in 2018, driven mainly by record quarterly production at the Fosterville mine in Australia.<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>Full-year production at Fosterville of 619,366 ounces beat the mine\u2019s FY 2019 guidance of 570,000-610,000 ounces<\/p>\n<\/blockquote>\n<\/figure>\n<p>For FY 2019, the company&#8217;s consolidated gold production totalled 974,615 ounces, up 35% from the 723,701 ounces produced in 2018. Full-year production at Fosterville of 619,366 ounces beat the mine\u2019s FY 2019 guidance of 570,000-610,000 ounces. Production at the Macassa mine in Ontario was 241,297 ounces, in line with its FY 2019 guidance of 240,000-250,000 ounces.<\/p>\n<p>\u201cKirkland Lake Gold had its best year ever in 2019. We increased production 35%, more than doubled our cash position and continued to achieve significant exploration success,\u201d president and CEO Tony Makuch said in a media brief.<\/p>\n<p>The company added that recent drill results at Fosterville and Macassa were very encouraging, and both mines represent two of the &#8220;most exciting exploration projects&#8221; in the gold industry today. Advanced exploration work is also progressing at its operations in Australia&#8217;s Northern Territory, with a goal of resuming commercial operations as early as next month.<\/p>\n<p>Kirkland Lake believes its <a aria-label=\"recent agreement (opens in a new tab)\" href=\"https:\/\/www.mining.com\/kirkland-lake-buying-detour-gold-in-stock-deal-worth-3-7-billion\/\"  rel=\"noreferrer noopener\">recent agreement<\/a> to acquire Detour Gold could provide additional upside potential by adding the 600,000 oz\/y Detour Lake mine in Ontario to its portfolio.<\/p>\n<p>Meanwhile, the company on Friday also announced a A$1 million donation to provide support and relief for communities affected by the recent bushfires in Victoria and New South Wales.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consolidated gold production totalled 974,615 ounces, up 35% from 2018.<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369,2640],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1159276"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1159276"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1159276\/revisions"}],"predecessor-version":[{"id":1159295,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1159276\/revisions\/1159295"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1159276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1159276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1159276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}